Columbus Acquisition Corp/Cayman Islands: completes business combination

What happened The filing reports that on Oct 1, 2026 the business combination became effective. At the effective time, Pubco acquired all issued and outstanding ordinary shares and Class F ordinary shares of the Target in exchange for Pubco Ordinary Shares and Pubco Class F Shares, the Target became a wholly owned subsidiary of Pubco, and Merger Sub merged with and into Columbus Acquisition Corp (CAC), with CAC continuing as the surviving company and becoming a wholly owned subsidiary of Pubco. The filing reports that 2,515,182 public shares of CAC were redeemed in connection with the related special meeting. The filing also reports that Pubco Ordinary Shares began trading on Nasdaq under the ticker symbol SAIQ on Oct 2, 2026.

Key details

• Immediately after closing, Pubco’s issued share capital consisted of 16,818,772 Pubco Ordinary Shares and 12,997,400 Pubco Class F Shares.
• The parties executed an amended and restated registration rights agreement effective Oct 1, 2026 that transfers certain registration obligations to Pubco and provides registration rights to certain insiders.
• Nasdaq determined to permanently suspend trading of CAC’s ordinary shares, rights and units before the opening on Oct 2, 2026; Pubco filed a Form 25 on Oct 1, 2026 and the deregistration becomes effective 10 days after filing.
• CAC adopted an amended and restated certificate of incorporation at the effective time and the filing includes closing acknowledgment letters confirming payment of transaction expenses and the closing of the PIPE investment.

Why it may matter

• Item 2.01 (completion of acquisition) covers the merger and share exchanges described above.
• Item 1.01 (entry into a material definitive agreement) covers the amended and restated registration rights agreement and closing acknowledgment letters.
• Item 3.01 (notice of delisting or failure to satisfy a continued listing rule) covers Nasdaq’s suspension and the Form 25 filing; Item 5.03 covers the amended certificate of incorporation.
  The filing does not show why any insider traded or why the company acted.