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COLAU

Columbus Acquisition Corp

COLAU

Columbus Acquisition Corp • NASDAQ
$10.60 ▲ 0.00% (+0.00)
Market Cap $84.21 M
52w High $10.75
52w Low $10.01
Dividend Yield 0%
P/E 0
Volume 11
Outstanding Shares 7.94M

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 At this stage Columbus Acquisition Corp is effectively a blank-check company, so its income statement is not yet a reflection of an operating business. It shows no meaningful revenue and only a very small loss per share, which is typical for a SPAC covering its basic listing and deal-related costs. The real operating picture will only emerge after the merger with WISeSat.Space closes and the new combined business starts reporting its own sales, margins, and profit trends. Until then, the income statement mainly tells you that the vehicle has been in setup mode, not in money‑making mode.

Balance Sheet

Balance Sheet The current balance sheet data is essentially empty, which fits with an early-stage SPAC viewed in a simplified snapshot. In practice, SPACs typically hold cash in trust and have modest liabilities tied to their formation and operating expenses, but very few traditional operating assets like factories, inventory, or receivables. The economic substance of the balance sheet will change radically if and when the WISeSat.Space transaction completes: satellites, technology, and intellectual property will become key assets, and leverage, capital needs, and equity levels will need to be reassessed in that new context. For now, the balance sheet mainly indicates a financial shell waiting to be filled by the target business.

Cash Flow

Cash Flow Current cash flow data is not meaningful for understanding the long-term economics of this story. As a SPAC, Columbus Acquisition Corp has no operating cash inflows from customers and only modest outflows for professional fees and overhead. The important cash-flow questions sit in the future: how much cash will the combined company burn to launch and maintain satellites, develop technology, and build commercial relationships, and how quickly could recurring service revenues offset those outflows. Until post-merger filings are available, cash generation, investment needs, and funding risk remain largely unknown and should be viewed as open items rather than settled facts.

Competitive Edge

Competitive Edge The competitive position really belongs to WISeSat.Space, not the SPAC itself. WISeSat.Space aims to carve out a niche in secure satellite-based IoT connectivity, leaning heavily on cybersecurity strength, post‑quantum encryption, and blockchain-enabled data and transaction protection. Its use of small, lower-cost satellites and a European, neutrality-focused posture may appeal to customers and governments worried about data sovereignty and reliance on non-European providers. However, the company will operate in a crowded and capital-intensive field with strong satellite and telecom incumbents. Its edge appears to be deep security integration and cost-efficient, small-satellite architecture, but its actual market share, pricing power, and customer stickiness will only be proven over time as the constellation grows and commercial adoption is tested.

Innovation and R&D

Innovation and R&D WISeSat.Space brings a rich innovation story: tiny, cost-efficient picosatellites, built‑in post‑quantum cryptography, blockchain-based data integrity and machine-to-machine payments, and plans to layer AI analytics and hybrid terrestrial–satellite connectivity on top. This combination positions the business as more than a pure bandwidth provider; it aspires to be a secure, intelligent IoT infrastructure platform. The close ties with WISeKey and SEALSQ create an ecosystem of security hardware, digital identity, and space infrastructure that could accelerate R&D and product rollout. The flip side is execution risk: integrating advanced cryptography, blockchain tokens, AI, and a growing satellite network is technically complex and will require sustained investment before the full payoff, if any, becomes clear.

Summary

Columbus Acquisition Corp on its own is financially simple: a shell entity with negligible revenue, minimal reported assets in this snapshot, and modest costs, all designed to facilitate a business combination rather than run a conventional operation. The real story is forward-looking and tied to the planned merger with WISeSat.Space, a security-focused satellite IoT venture. If completed, this would transform COLAU from a passive cash shell into a high-tech, capital-intensive communications and cybersecurity platform. Strengths lie in the emphasis on end‑to‑end security, quantum-resistant design, cost-effective small satellites, and alignment with European data-sovereignty priorities. Key uncertainties center on funding requirements, speed of constellation deployment, customer adoption, regulatory landscape, and competition from much larger satellite and telecom providers. Until full post-merger financials are available, any assessment rests largely on the technology roadmap and strategic narrative rather than on demonstrated earnings or cash-generation performance.