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BUS > SEC Filings for BUS > Form 8-K on 3-Apr-2009All Recent SEC Filings

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Form 8-K for COLUMBUS ACQUISITION CORP


3-Apr-2009

Other Events, Financial Statements and Exhibits


Item 8.01 Other Events.

On April 2, 2009, Columbus issued a press release announcing that its Board of Directors has approved amendments to its certificate of incorporation (the "Extension Amendments") extending the date by which it must complete a business combination before it is required to be liquidated. The Extension Amendments are subject to the approval of stockholders of Columbus holding a majority of the outstanding common stock of Columbus. If approved by Columbus's stockholders, the Extension Amendments would (i) extend the date by which the Corporation must complete a business combination from May 18, 2009 to July 15, 2009, before it is required to liquidate; and (ii) allow public holders of less than 50% of Columbus's outstanding common stock, par value $0.0001 per share ("common stock"), who vote against the Extension Amendments and elect conversion to convert their common stock into a portion of the funds available in the trust account. In connection with the Extension Amendments, the trust agreement established in connection with Columbus's initial public offering ("IPO") would be amended to extend the date by which the trust account established in connection with the IPO must be liquidated from May 18, 2009 to July 15, 2009.
Columbus has filed a preliminary proxy statement with the Securities and Exchange Commission (the "SEC") to solicit the approval of Columbus stockholders of the Extension Amendments at a special meeting of stockholders (the "Special Meeting") of Columbus. The record date and the date of the Special Meeting will be announced at a later date.
The press release announcing the Extension Amendments is attached hereto as Exhibit 99.1 and is incorporated herein by reference.



Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

 Exhibit No.        Description

       99.1         Press Release issued by Columbus, dated April 2, 2009, announcing the
                    Extension Amendments.


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