COLA
Columbus Acquisition CorpFinancial Services·Shell Companies
$10.82
$86M market cap
Revenue
$0.0M
Free Cash Flow
$-0.4M
Rev Growth
+0.0%
FCF Margin
0.0%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Columbus Acquisition Corp operates as a blank check company. The Company was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, and similar business combination with one or more businesses.
2-Year Price History
$10.85+8.7%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 0.0 | -0.2 | -0.2 | 0.1 | -0.3 | -0.3 | -0.0 | 0.1 | 0.0 | 3.2 | -- | -- | -- |
| Act | 2025-Q4 | 0.0 | -0.4 | -0.4 | 0.2 | -0.2 | -0.2 | -0.0 | 62.7 | 0.0 | 5.6 | <-999% | -- | -- |
Valuation & Metrics
Market Stats
Price$10.82
Market Cap$86M
Enterprise Value$86M
P/S Ratio0.0x
P/FCF--
EV/FCF--
FCF Margin (TTM)0.0%
FCF Yield-0.5%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$0.0M
Net Income$0.2M
Free Cash Flow$-0.4M
Revenue Growth (YoY)+0.0%
EBITDA Margin0.0%
Net Margin0.0%
FCF Margin0.0%
CapEx % of Revenue0.0%
SBC % of Revenue0.0%
ROIC-2806.0%
WC Change % Rev0.0%
Interest Coverage--
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.0M
Days to Cover1.0
Change (vs Prior)-20.4%
Need at least 2 settlement dates for chart
Cash Runway
3.6months
CRITICAL
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
21.7%(-18.9% YoY)
13 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
0.0%(+0.0% YoY)
0 filers
Vanguard, iShares, SPDR
Market makers
0.8%(+0.8% YoY)
1 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| Harraden Circle Investments, LLC | $5.9M | $10.39 | +$0 | +$5.9M | -28.4% | $744M |
| MIZUHO SECURITIES USA LLC | $4.2M | $10.14 | −$1.6M | +$4.2M | +0.0% | $4.03B |
| BERKLEY W R CORP | $2.6M | $10.03 | −$1.6M | −$1.3M | +0.3% | $1.86B |
| Hudson Bay Capital Management LP | $1.8M | $10.01 | −$7K | −$1.3M | +1.9% | $15.12B |
| Clear Street Group Inc. | $1.1M | $10.41 | +$295K | +$1.1M | -7.5% | $17.82B |
| AQR Arbitrage LLC | $1.0M | $10.14 | −$1.3M | +$1.0M | -0.0% | $5.11B |
| Polar Asset Management Partners Inc. | $788K | $10.01 | −$1.3M | −$1.3M | +1.8% | $3.16B |
| Virtu Financial LLCMM | $698K | $10.14 | −$126K | +$698K | -2.0% | $2.41B |
| GLAZER CAPITAL, LLC | $572K | $10.01 | −$2.3M | −$2.5M | +8.8% | $4.51B |
| GOLDMAN SACHS GROUP INC | $349K | $10.14 | −$404K | +$349K | -0.2% | $760.93B |
| Shay Capital LLC | $221K | $10.50 | +$221K | +$221K | +0.3% | $704M |
| Diametric Capital, LP | $217K | $10.50 | +$217K | +$217K | +1.1% | $381M |
| BNP PARIBAS FINANCIAL MARKETS | $42K | $10.50 | +$42K | +$42K | -0.2% | $149.31B |
| MORGAN STANLEY | $4K | $10.47 | +$4K | +$4K | -0.3% | $1.65T |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BEARISH
Holders
-8.70%
avg per quarter
Holders (ex-self)
-8.70%
excl. this stock
Buyers (this Q)
-2.54%
5 buyers · $0.00B in
Sellers (this Q)
+2.74%
8 sellers · $0.01B out
alpha coverage: 100% of $ has a lifetime-alpha record
Holder behavior (holder profile)source: holder
On big dips (−10%+)
-2.9%
how holders react when this stock falls
On quiet Qs
-15.8%
−10% to +10% baseline
On rallies (+10%+)
-1.8%
how they react when this stock rises
Holders' portfolio flow this Q
+7.1%
inflows — adds are organic
Sellers' portfolio flow this Q
+3.7%
Sellers grew AUM elsewhere — opinionated cut of this stock.
Biggest decreases this quarter
LINDEN ADVISORS LPexited−$6.2MMETEORA CAPITAL, LLCexited−$4.6MRIVERNORTH CAPITAL MANAGEMENT, LLCexited−$3.1MD. E. Shaw & Co., Inc.exited−$3.1MGLAZER CAPITAL, LLC−$2.3Mα+8.8TWO SIGMA INVESTMENTS, LPexited−$2.3MHEIGHTS CAPITAL MANAGEMENT, INCexited−$2.1MBERKLEY W R CORP−$1.6Mα+0.3MIZUHO SECURITIES USA LLC−$1.6Mα+0.0Shaolin Capital Management LLCexited−$1.6M
New buyers this quarter
Top-5 holders · 79.9%
Harraden Circle Investments, LLC--
MIZUHO SECURITIES USA LLC--
BERKLEY W R CORP--
Hudson Bay Capital Management LP--
Clear Street Group Inc.--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
MIZUHO SECURITIES USA LLC401KMIZUHO SECURITIES USA LLC—LINDEN ADVISORS LP—Harraden Circle Investments, LLC558KWOLVERINE ASSET MANAGEMENT LLC—METEORA CAPITAL, LLC—BERKLEY W R CORP250KKarpus Management, Inc.—RIVERNORTH CAPITAL MANAGEMENT, LLC—D. E. Shaw & Co., Inc.—
Corporate
Order Flow (FINRA, ~3w lag)
21.3%retail+7.1pp
14.5%dark-15.4pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Columbus Acquisition Corp: A Ticking Clock SPAC with Significant China Ties and High Dilution
Overall Risk
8/10
Fraud
3/10
Dilution
9/10
Insolvency
8/10
Earnings Overstated
2/10
Hidden Liabilities
4/10
Legal
6/10
Audit Warnings
9/10
Hidden Upside
2/10
Contextually Acceptable
6/10