COLA · Columbus Acquisition Corp/Cayman Islands · Insider Trading
Substantial doubt about the company's ability to continue as a going concern.
“The Company’s liquidity condition raises substantial doubt about the Company’s ability to continue as a going concern for a period of time within one year after the date that the accompanying financial statements are issued. Management plans to address this uncertainty through seeking new financing to complete a Business Combination.”View the 10-Q filed Aug 4, 2026
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 4 and 5. Form 3 supplies initial ownership rather than a trade; Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2025-03-10 | Zhang Fen |
Director, CEO, 10% Owner |
Other↓
Filing footnotes — Ordinary Shares (Indirect)
Representing 225,000 ordinary shares of Columbus Acquisition Corp (the "Issuer") forfeited by the Sponsor for no consideration pursuant to that certain subscription agreement dated March 21, 2024, as further amended on July 25, 2024 and December 20, 2024 by and between the Issuer and the Sponsor. On March 10, 2025, the Sponsor forfeited 225,000 ordinary shares of Columbus Acquisition Corp (the "Issuer") for no consideration as the underwriters of the Issuer's initial public offering (the "IPO") did not exercise the over-allotment option within 45-days from the effective date of the Issuer's Registration Statement on Form S-1 (File No. 333-283278), which was declared effective on January 22, 2025 (the "Forfeiture"). Hercules Capital Management VII Corp (the "Sponsor") is the record holder of the shares reported herein. Dr. Fen Zhang is the sole director of the Sponsor. As such, Dr. Zhang may be deemed to have beneficial ownership of the ordinary shares held directly by the Sponsor. As previously reported on the Form 3 of Dr. Fen Zhang filed on January 22, 2025, immediately prior to the Forfeiture, the Sponsor held collectively 1,923,290 ordinary shares of the Issuer, including (i) 1,689,000 ordinary shares, and (ii) 234,290 ordinary shares included in the private units ("Private Units") acquired by the Sponsor simultaneously with the completion of the IPO on January 24, 2025. As a result of the Forfeiture, the Sponsor currently holds 1,698,290 ordinary shares in total, including (i) 1,464,000 ordinary shares, and (ii) 234,290 ordinary shares included in the Private Units. |
Ordinary Shares
(I)
|
225,000 |
| 2025-03-10 | Hercules Capital Management VII Corp |
10% Owner |
Other↓
Filing footnotes — Ordinary Shares (Direct)
Representing 225,000 ordinary shares of Columbus Acquisition Corp (the "Issuer") forfeited by the Sponsor for no consideration pursuant to that certain subscription agreement dated March 21, 2024, as further amended on July 25, 2024 and December 20, 2024 by and between the Issuer and the Sponsor. On March 10, 2025, the Sponsor forfeited 225,000 ordinary shares of Columbus Acquisition Corp (the "Issuer") for no consideration as the underwriters of the Issuer's initial public offering (the "IPO") did not exercise the over-allotment option within 45-days from the effective date of the Issuer's Registration Statement on Form S-1 (File No. 333-283278), which was declared effective on January 22, 2025 (the "Forfeiture"). Hercules Capital Management VII Corp (the "Sponsor") is the record holder of the shares reported herein. Dr. Fen Zhang is the sole director of the Sponsor. As such, Dr. Zhang may be deemed to have beneficial ownership of the ordinary shares held directly by the Sponsor. As previously reported on the Form 3 of the Sponsor filed on January 22, 2025, immediately prior to the Forfeiture, the Sponsor held collectively 1,923,290 ordinary shares of the Issuer, including (i) 1,689,000 ordinary shares, and (ii) 234,290 ordinary shares included in the private units ("Private Units") acquired by the Sponsor simultaneously with the completion of the IPO on January 24, 2025. As a result of the Forfeiture, the Sponsor currently holds 1,698,290 ordinary shares in total, including (i) 1,464,000 ordinary shares, and (ii) 234,290 ordinary shares included in the Private Units. |
Ordinary Shares
|
225,000 |