Columbus Acquisition Corp Announces Adjournment of Extraordinary General Meeting of the Shareholders

Columbus Acquisition adjourns its shareholder meeting on the WISeSat.Space deal, extending the timeline for voting and redemptions.

Rhea-AI Summary

Columbus Acquisition Corp (COLA) convened its Extraordinary General Meeting of the Shareholders on September 11, 2026, and immediately adjourned it without conducting any business, including votes on all proposals related to its pending business combination with WISeSat.Space Corp.

The company will announce a new meeting date and an extended redemption deadline (the “Extended Redemption Deadline”) in the coming days. Public shareholders who wish to exercise redemption rights must follow the procedures in the proxy statement by the Extended Redemption Deadline. As of September 8, 2026, there was approximately $10.66 per share in trust. The record date for voting remains August 17, 2026, and shareholders of record on that date may vote even if they have since sold their shares. Previously submitted proxies remain valid unless changed. The company is also filing a Schedule 14A supplement to its proxy statement dated September 11, 2026.

News Explained

Alongside the new redemption deadline after the meeting’s adjournment, a shareholder who already submitted a redemption request may withdraw it by contacting the transfer agent.

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+27.44% vs previous close $10.58 last price 1.3x rel. volume Open Argus

Details

Market reaction after shareholder meeting adjournment: COLA +27.44%

$9.81 $10.62 Day Range

$47.54M Market Cap

Following this news, COLA has gained 27.44%, reflecting a significant positive market reaction. Our momentum scanner has triggered 18 alerts so far, indicating notable trading interest and price volatility. The stock is currently trading at $10.58.

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Key Figures

Prior Close: $8.30 Pre-Headline Price Change: -14.87% Trust Per Share: $10.66 per share

Prior Close

$8.30

September 10, 2026, before publication

Pre-Headline Price Change

-14.87%

24-hour change before publication

Trust Per Share

$10.66 per share

As of September 8, 2026

Key Terms

special purpose acquisition company, proxy statement, redemption rights, schedule 14a

4 terms

special purpose acquisition company financial

"also commonly referred to as a special purpose acquisition company (SPAC)"

A special purpose acquisition company (SPAC) is a company formed with the sole purpose of raising money through a public offering to buy or merge with an existing private business. It acts like a vehicle that allows private companies to go public more quickly and with less complexity. For investors, it offers an opportunity to invest early in a potential acquisition, though it also carries risks if the intended deal doesn’t materialize.

proxy statement regulatory

"the Company’s definitive proxy statement filed with the Securities and Exchange Commission"

A proxy statement is a document companies send to shareholders ahead of a meeting that lays out the items up for a vote—like who will sit on the board, executive pay, and major corporate decisions—and provides background so shareholders can decide how to cast their votes or appoint someone to vote for them. Think of it as an agenda plus a ballot and briefing notes, important because the outcomes can change control, strategy, and value.

View in glossary

redemption rights financial

"Public shareholders seeking to exercise their redemption rights"

Redemption rights are contractual provisions that allow a holder of a security—such as preferred shares, bonds, or certain fund units—to require the issuer to buy back the security under specified conditions, often at a set price or by a defined formula. For investors they act like a return policy that offers a forced exit or downside protection, affecting a security’s value, liquidity and the issuer’s cash planning.

schedule 14a regulatory

"definitive additional materials on Schedule 14A"

Schedule 14A is a document that companies file with regulators to share important information with shareholders before a big vote, like approving a merger or election of directors. It matters because it helps investors understand what’s happening so they can make informed decisions about the company’s future.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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New York, Sept. 11, 2026 (GLOBE NEWSWIRE) -- Columbus Acquisition Corp (the “Company”), a blank check company, today announced that it convened its Extraordinary General Meeting of the Shareholders (the “Meeting”) and immediately adjourned the Meeting, without conducting any business.

The Meeting was adjourned as to all of the proposals contained in the Company’s definitive proxy statement filed with the Securities and Exchange Commission (“SEC”) on August 19, 2026, including any amendments or supplements thereto (the “Proxy Statement”), including the proposal to approve the proposed business combination with WISeSat.Space Corp.

The Company will announce the date of the reconvened Meeting, and a new redemption deadline (the “Extended Redemption Deadline”), in the coming days. Public shareholders seeking to exercise their redemption rights must complete the procedures described in the Proxy Statement by the Extended Redemption Deadline. As of September 8, 2026, there was approximately $10.66 per share in trust.

The record date for determining the Company shareholders entitled to receive notice of and to vote at the Meeting remains the close of business on August 17, 2026 (the “Record Date”). Shareholders as of the Record Date are eligible to vote, even if they have subsequently sold their shares.
  
If you have already voted, you do not need to vote again unless you would like to change or revoke your prior vote on any proposal.

If you have already submitted a proxy and do not wish to change your vote, you need not take any further action. If you have submitted a proxy and wish to change your vote, you may revoke your proxy at any time before it is exercised at the Meeting as provided in the Proxy Statement. Please note, however, that if your shares are held in street name by a broker or other nominee and you wish to revoke a proxy, you must contact the broker or nominee to revoke any prior voting instructions.

The Company’s shareholders who have questions regarding the adjournment, or the Meeting, or would like to request documents may contact the Company’s proxy solicitor, Advantage Proxy, Inc., at:

Advantage Proxy, Inc. P.O. Box 10904
Yakima, WA 98909
Individuals call toll-free 1-877-870-8565
Banks and brokers call 1-206-870-8565
Email: ksmith@advantageproxy.com

In addition, shareholders who have already submitted a redemption request with respect to the shares held by them may withdraw such request by contacting our transfer agent. If you would like to change or revoke your prior vote on any proposal, or reverse a redemption request, please refer to the Proxy Statement for additional information on how to do so.

In connection with the adjournment of the Meeting and the extension of the redemption deadline, the Company is concurrently filing with the Securities and Exchange Commission (“SEC”) definitive additional materials on Schedule 14A, consisting of a supplement dated September 11, 2026 (the “Supplement”) to the Proxy Statement. Shareholders are encouraged to read the Supplement together with the Proxy Statement.

About Columbus Acquisition Corp

Columbus Acquisition Corp is a blank check company, also commonly referred to as a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. Columbus is led by Fen “Eric” Zhang, Chairman and Chief Executive Officer, and Jie “Janet” Hu, Chief Financial Officer, who are growth-oriented executives with a long track record of value creation across industries. 

Forward Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, including but not limited to the date of the Meeting, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Additional Information and Where to Find It

On August 19, 2026, the Company filed a definitive proxy statement with the SEC in connection with its solicitation of proxies for the Meeting. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND OTHER DOCUMENTS THE COMPANY FILES WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the definitive proxy statement (including any amendments or supplements thereto) and other documents filed with the SEC through the website maintained by the SEC at www.sec.gov or by contacting the Company’s proxy solicitor.

Participants in the Solicitation

The Company and its respective directors and officers may be deemed to be participants in the solicitation of proxies from shareholders in connection with the Meeting. Additional information regarding the identity of these potential participants and their direct or indirect interests, by security holdings or otherwise, is set forth in the definitive proxy statement. You may obtain free copies of these documents using the sources indicated above.

Contact

Fen Zhang
Chairman and Chief Executive Officer
Email: eric.zhang@herculescapital.group
Tel: (+1) 949 899 1827 

FAQ

Who is entitled to vote when the Columbus Acquisition shareholder meeting is reconvened?

Shareholders of Columbus Acquisition Corp as of the record date, which is the close of business on August 17, 2026, are entitled to receive notice of and vote at the reconvened meeting. These shareholders remain eligible to vote even if they have subsequently sold their shares.

Do shareholders who already voted need to vote again after the adjournment?

Shareholders who have already voted do not need to vote again unless they wish to change or revoke their prior vote on any proposal. If a proxy has been submitted and the shareholder does not wish to change the vote, no further action is required.

How can a shareholder change or revoke a previously submitted proxy vote?

A shareholder who has submitted a proxy and wishes to change their vote may revoke the proxy at any time before it is exercised at the reconvened meeting, as described in the proxy statement. If the shares are held in street name by a broker or other nominee, the shareholder must contact that broker or nominee to revoke any prior voting instructions.

Can a shareholder withdraw a previously submitted redemption request?

Shareholders who have already submitted a redemption request for their shares may withdraw that request by contacting the company’s transfer agent. The proxy statement provides additional information on how to reverse a redemption request.

Where can shareholders get help or request documents about the adjourned meeting?

Shareholders with questions regarding the adjournment or the meeting, or who wish to request documents, may contact the company’s proxy solicitor, Advantage Proxy, at its Yakima, Washington mailing address, toll-free at 1-877-870-8565 for individuals, at 1-206-870-8565 for banks and brokers, or by email at ksmith@advantageproxy.com.

What additional SEC materials is Columbus Acquisition filing in connection with the adjournment?

In connection with the adjournment of the meeting and the extension of the redemption deadline, Columbus Acquisition Corp is filing definitive additional materials with the SEC on Schedule 14A. These materials consist of a supplement dated September 11, 2026, to the existing proxy statement, and shareholders are encouraged to read the supplement together with the proxy statement.