The SPAC has completed its de-SPAC transaction and ceased to exist as COLA. Monitor SAIQ for post-merger trading performance and any operational updates from WISeSat.Space.
Price Chart
Executive Summary
Columbus Acquisition Corp (COLA) shareholders approved all proposals at the September 30, 2026 extraordinary general meeting, including the business combination with WISeSat.Space Holdings Corp. The deal closed on October 1, 2026, and WISeSat.Space ordinary shares began trading on Nasdaq under ticker SAIQ on October 2, 2026. Approximately 2.5 million shares were redeemed, representing about 56% of the outstanding shares.
Key Facts
- Shareholders approved the business combination with WISeSat.Space Holdings Corp. on September 30, 2026
- Business combination closed on October 1, 2026
- WISeSat.Space ordinary shares began trading on Nasdaq under ticker SAIQ on October 2, 2026
- 2,515,182 ordinary shares of CAC were tendered for redemption and redeemed upon closing
- All seven proposals passed with strong shareholder support (over 94% of votes cast in favor)
- Shareholder turnout was approximately 79.86% of entitled shares
Financial Impact
2,515,182 shares redeemed at approximately $10.00 per share, representing about $25.15 million in trust redemptions
Risk Factors
- High shareholder redemption rate (~56%) indicates limited support from existing SPAC shareholders
- Post-mergy stock may face selling pressure from arbitrageurs and redeemed shareholders
- WISeSat.Space is a pre-revenue space technology company with no disclosed financials in this filing
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-107198 |
| Document: ea030718501ex99-2.htm | 0001213900-26-107198 |
| Document: ea030718501ex99-1.htm | 0001213900-26-107198 |
| Document: 0001213900-26-107198-index-headers.html | 0001213900-26-107198 |
| Document: 0001213900-26-107198-index.html | 0001213900-26-107198 |
| Document: 0001213900-26-107198.txt | 0001213900-26-107198 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 15-12G | — | awaiting T+5 | — | — |
Oct 8, 2026 19d ago | SC 13G/A | — | awaiting T+5 | — | — |
Oct 7, 2026 19d ago | 8-K | — | awaiting T+5 | — | — |
Oct 6, 2026 20d ago | 8-K | $2.71 | awaiting T+5 | — | — |
Oct 2, 2026 25d ago | 425 | $2.71 | awaiting T+5 | — | — |
Oct 2, 2026 25d ago | 8-K | $2.71 | awaiting T+5 | — | — |
Oct 2, 2026 25d ago | 425 | $2.71 | awaiting T+5 | — | — |
Oct 2, 2026 25d ago | 8-K | $2.71 | awaiting T+5 | — | — |
Oct 1, 2026 25d ago | 25-NSE | $2.87 | awaiting T+5 | — | — |
Sep 29, 2026 28d ago | 8-K | $10.45 $2.86 | ▲ +72.63% | ▲ +74.58% | — |
US Market Status
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