Dilution profile // every instrument, one screen, from SEC filings

Columbus Acquisition Corp/Cayman Islands (COLA)

CIK 2028201 · all EDGAR filings →

Overall dilution risk
HIGHworst of 3 computed signals (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
not every sub-rating was computable; treat as a floor
Offering ability
HIGHS-1/A on file 2024-12-26
= is there a registration (S-1/S-3 family) on file without a later withdrawal
no structured fee data on the live registrations, so this is a yes/no, not a size
Overhead supply
NOT COMPUTEDno warrant count tagged in XBRL
= warrant shares outstanding divided by current shares outstanding
absence of a tag is not proof of absence of warrants
Historical dilution
LOW-43% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
a reverse-split-sized cliff is in this window; read the chart
Cash need
HIGH~0.2 months of runway
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)
the company itself flagged going-concern doubt

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2025-03-282026-08-04

Latest: 4.5M shares as of Aug 4, 2026 (10-Q). Share count fell from 7.9M to 4.5M between Nov 14, 2025 and Mar 19, 2026, a pattern consistent with a reverse split (roughly 1-for-2); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.

Cash runway

Going-concern warning

auditor flagged substantial doubt

The company itself flagged going-concern doubt in a filing.

Full breakdown: cash runway tool · source filing →

Warrants

TrancheWarrantsExercise priceTermNotes
Public Rights6.0Mnot tagged
Private Rights234,290not tagged

Tranches exactly as the company dimensioned them in its 10-Q filed Aug 4, 2026. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.

No warrant figures tagged in this filer’s XBRL facts. That means the company has not reported them in structured form; it does not prove no warrants exist. The exhibits are the ground truth.

Convertible notes

NotePrincipalCarryingConv. priceRateIf converted
Target Extension Note$100,000$10~10,000 sh
Working Capital Loansnot tagged$10
Target Extension Notesnot tagged$10
Convertible Promissory Notenot tagged$5

If every note above converted at its tagged price: ~10,000 new shares on 4.5M currently outstanding. An estimate from principal ÷ conversion price, with inputs carrying different as-of dates; make-whole adjustments, capped calls and partial repurchases are not modeled.

Notes exactly as the company dimensioned them in its 10-Q filed Aug 4, 2026. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.

Fully diluted build-up

Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.

Shares outstanding4.5MAug 4, 2026
+ Public Rights (if exercised)6.0MJun 30, 2026
+ Private Rights (if exercised)234,290Jun 30, 2026
+ Target Extension Note (if fully converted)10,000May 5, 2026
Fully diluted estimate10.7M+138.9% vs O/S

Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.

Registrations and offerings

S-1Nov 15, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 4 executed · 0 registered.

EXECUTEDAug 4, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDAug 4, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDMay 22, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDMay 11, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDJan 28, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDJan 24, 2025Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4
EFFECTIVEJan 22, 2025SEC declared a registration effective — selling can beginEFFECT
REGISTEREDDec 26, 2024S-1/A registration — capacity to sell shares, not a sale yetS-1/A
REGISTEREDNov 15, 2024S-1 registration — capacity to sell shares, not a sale yetS-1

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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