Hercules Capital Management VII Corp - Mar 10, 2025 Form 4 Insider Report for Columbus Acquisition Corp/Cayman Islands (COLA)

Role
10%+ Owner
Signature
/s/ Fen Zhang, Director of Hercules Capital Management VII Corp
Stock symbol
COLA
Transactions as of
Mar 10, 2025
Transactions value $
$0
Form type
4
Date filed
3/11/2025, 04:25 PM
Previous filing
Jan 22, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COLA Ordinary Shares Other -225K -11.7% 1.7M Mar 10, 2025 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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").
F3 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.