The amendment replaces Section 10.1(b) of the BCA and sets the new Outside Date at October 31, 2026.
The filing states the extension applies to the conditions in Article IX; termination rights remain unavailable to a party whose breach proximately caused the failure to close by the Outside Date.
Item 7.01 discloses a separate Subscription Agreement under which SEALSQ agreed to purchase $10,000,000 of Pubco Ordinary Shares at the Redemption Price, assumed at approximately $10.66 per share for 938,086 shares.
The Subscription Agreement also provides for Additional Subscription Shares if the 60-day post-closing VWAP falls below the PIPE Purchase Price, subject to a $5.00 floor.
Exhibit 10.1 attached to the 8-K is the executed First Amendment.
Pulse Impact
- Previous Pulse: 77
- New Pulse: 82
- Change: +5
- Driver: A vote package is on file. That is late-stage, so Pulse stepped up.
Columbus Acquisition Corp Form 8-K (2026-08-06)
Not investment advice. Facts taken from the company’s Form 8-K.