Columbus Acquisition issues USD 25,000 promissory note to WISeSat.Space for monthly extension fee
COLA•Promissory notes issued for deadline extension
Columbus Acquisition issued two unsecured promissory notes totaling USD 50,000 tied to a one-month deadline extension to July 22, 2026.
- WISeSat.Space received a USD 25,000 Target Extension Note.
- Hercules Capital Management VII received a USD 25,000 Sponsor Extension Note.
- Both notes are non-interest bearing; repayment is triggered by a business combination or the company’s winding up.
- Holders can convert amounts into private units at USD 10 per unit; the target note includes an alternative USD 5 conversion in a specific termination scenario.
