Columbus Acquisition Corp Secures $10M PIPE, Extends Merger Deadline with WISeSat

Columbus Acquisition Corp (COLA) announced two significant updates related to its pending business combination with WISeSat.Space Corp. The company has amended the merger agreement to extend the transaction deadline and has concurrently entered into a $10 million subscription agreement for a private investment in public equity (PIPE) with SEALSQ Corp., an affiliate of the target.

Key Details

• Merger Deadline Extension: The parties agreed to amend the Business Combination Agreement, extending the "Outside Date" to complete the transaction to October 31, 2026.
• PIPE Investment: SEALSQ Corp. will invest $10 million to purchase shares of the combined company (Pubco) upon the closing of the business combination. The purchase price per share will be equal to the price paid to redeeming shareholders.
• Investor Terms: The agreement includes a provision for issuing additional shares to the PIPE investor if the stock's volume-weighted average price (VWAP) is below the purchase price 60 days after the merger closes.