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COLAR

Columbus Acquisition Corp Rights

COLAR

Columbus Acquisition Corp Rights • NASDAQ
$0.42 ▲ 0.00% (+0.00)
Market Cap $3.34 M
52w High $0.42
52w Low $0.35
Dividend Yield 0%
P/E 0
Volume 396
Outstanding Shares 7.98M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 $132.115K ▼ $497.832K ▲ 0% $0.06 $497.832K ▲
Q2-2025 $0 $151.899K ▼ $462.615K ▲ 0% $0.06 ▲ $-151.899K ▲
Q1-2025 $0 $253.934K ▲ $149.799K ▲ 0% $0.019 ▲ $-253.934K ▼
Q4-2024 $0 $17.501K ▲ $-17.501K ▼ 0% $-0.002 ▼ $-17.501K ▼
Q3-2024 $0 $12.364K $-12.364K 0% $-0.002 $-12.364K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $638.311K ▼ $62.342M ▲ $106.25K ▲ $587.802K ▼
Q2-2025 $761.463K ▼ $61.836M ▲ $98.192K ▲ $719.917K ▼
Q1-2025 $894.161K ▲ $61.322M ▲ $46.071K ▼ $61.276M ▲
Q4-2024 $0 $200.034K ▲ $252.128K ▲ $-52.094K ▼
Q3-2024 $0 $180.319K $215.722K $-35.403K

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $497.832K ▲ $-123.152K ▲ $0 $0 $-123.152K ▲ $-123.152K ▲
Q2-2025 $462.615K ▲ $-132.698K ▲ $0 ▲ $0 ▼ $-132.698K ▼ $-132.698K ▲
Q1-2025 $149.799K ▲ $-172.527K ▼ $-60M ▼ $61.067M ▲ $894.161K ▲ $-172.527K ▼
Q4-2024 $-16.691K ▲ $-14.275K ▲ $0 ▼ $14.275K ▲ $0 ▼ $-14.275K ▲
Q1-2009 $-478.693K $-362.202K $433.413K $13.193K $84.404K $-362.202K

Five-Year Company Overview

Income Statement

Income Statement COLAR is a SPAC right, so the income statement is essentially empty: no real revenue, no operating business, and only minor losses tied to setup and administrative costs. Any future profit or loss will depend almost entirely on whether the merger with WISeSat.Space closes and how that business performs afterward. At this stage, there is nothing meaningful to read in terms of margins, growth, or profitability trends for COLAR itself.

Balance Sheet

Balance Sheet The provided balance sheet shows no meaningful assets, debt, or equity, which likely reflects very early-stage or incomplete reporting rather than the true cash held in the SPAC structure. In practice, a vehicle like COLAR is mainly a pool of capital waiting to be combined with a target, plus some sponsor interests and public rights. The real balance sheet investors will care about is the one after WISeSat.Space is merged in, when satellite assets, intellectual property, and any associated liabilities appear. Until then, balance-sheet analysis for COLAR on a standalone basis is largely theoretical and highly incomplete.

Cash Flow

Cash Flow Cash flow is effectively a non-story at this point: COLAR has no operating business, no investing activity in the usual sense, and only modest cash movements related to formation and listing costs. There is no pattern of cash generation or use to evaluate. The real cash-flow picture will only emerge once WISeSat.Space’s operations are folded in, including its spending on satellite launches, R&D, and the build-out of its network, as well as any cash it can bring in from customers.

Competitive Edge

Competitive Edge On its own, COLAR does not compete in an operating market; it is simply a financing shell. The competitive dynamics that matter sit with WISeSat.Space, the intended merger partner. WISeSat is positioning itself as a secure satellite IoT provider with a strong emphasis on cybersecurity, especially post-quantum encryption, and low-cost picosatellites. Its advantages come from deep links to WISeKey’s cybersecurity ecosystem, vertical integration from chip to satellite, and a focus on secure, mission-critical data. However, it is entering a crowded satellite IoT field dominated by established names, so execution, customer adoption, and the ability to scale its constellation will be key tests of whether this early technological edge can become a durable market position.

Innovation and R&D

Innovation and R&D While COLAR itself does not innovate, WISeSat.Space—the target—has a clearly innovation-heavy profile. Its main differentiators include integrating post-quantum-ready cryptography into satellites, using small and relatively low-cost picosatellites to serve low-power IoT devices, and building a European-centered, sovereignty-focused network. On top of that, it is exploring advanced concepts like a decentralized infrastructure network from space, token-based machine-to-machine payments, climate and environmental monitoring services, and AI-driven analytics layered on its data. This suggests a high level of technological ambition, but it also means substantial R&D and commercialization risk: many of these ideas are still emerging and must prove they can translate into reliable, recurring revenue.

Summary

COLAR today is essentially a financial conduit with no operating business, so its current financial statements offer very little insight into long-term value. The story is almost entirely about the proposed merger with WISeSat.Space, an early-stage but highly innovative player in secure satellite IoT. If the deal closes, investors will be exposed to a company with strong cybersecurity roots, cutting-edge encryption, and an aggressive roadmap in satellite connectivity and space-based digital infrastructure—but also to the usual risks of a young, capital-intensive, and competitive space-tech venture. Until the transaction is completed and post-merger financials are available, any assessment remains heavily dependent on expectations and execution assumptions rather than on observable financial performance.