Columbus Acquisition Corp/Cayman Islands (COLA) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 5.13% of current shares
Recent Dilution: 0% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
4.5M
Potential Supply
230K
Additional shares possible
Splits
None
Past 2 years

Summary

COLA currently has 4.49M outstanding shares. with limited dilution risk as only 231K additional shares (5.1%) are authorized for issuance. The company has not diluted shareholders through share issuances in the past 2 years, which is positive for existing holders.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 14, 2026

10-Q filing | 4.5M shares outstanding

4.5M 230K
Mar 19, 2026

10-K filing | 4.5M shares outstanding

4.5M 230K
Nov 06, 2025

10-Q filing | 7.9M shares outstanding

7.9M 230K
May 15, 2025

10-Q filing | 7.9M shares outstanding

7.9M 230K
Mar 31, 2025

10-K filing | 7.9M shares outstanding

7.9M 230K
Jan 30, 2025

8-K filing: Columbus Acquisition Corp consummated an IPO of 6,000,000 units at $10.00 per unit, generating gross proceeds of $60,000,000, and completed a private sale of 234,290 units to the Sponsor at $10.00 per unit, generating gross proceeds of $2,342,900. ($62.34M proceeds)

N/A 230K
Jan 28, 2025

8-K filing: The Company completed the private sale of 234,290 Private Units to the Sponsor at $10.00 per Private Unit, generating gross proceeds of $2,342,900, and the Company's Second Amended and Restated Memorandum and Articles of Association became effective. ($2.34M proceeds)

N/A 230K
Dec 26, 2024

S-1/A filing: This S-1/A filing describes an offering involving ordinary shares and private units, with The Benchmark Company, LLC as the sole book-running manager.

N/A 230K
Nov 15, 2024

S-1 filing: This S-1 filing details an offering that includes insider shares, ordinary shares, and private units with a private placement to the sponsor.

N/A 230K
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