UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 22, 2009
 
 
Columbus Acquisition Corp.
(Exact name of Registrant as specified in its charter)
 
 

  Delaware
001-33467
20-533217
(State or other jurisdiction of incorporation)
(Commission File Number)
 (IRS Employer Identification No.)
 

 
 
153 East 53rd Street, 58th Floor, New York, NY
10022
 
 
(Address of principal executive offices)
(Zip Code)
 

 
 
Registrant’s telephone number, including area code:  (212) 418-9600
 
 
(Former name or former address, if changed since last report)
 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2.):
     
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
     
 
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
     
 
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
     
 
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)
 
 
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
 
The information set forth below under Item 8.01 is incorporated herein by reference.
 
Item 8.01 Other Events.
 
On May 22, 2009, the Board of Directors of Columbus Acquisition Corp. (the “Company”) adopted and approved the Company’s proposed plan of liquidation (the “Plan of Liquidation”). A copy of the form of Plan of Liquidation is attached as Exhibit 2.1 to this Current Report on Form 8-K and is incorporated in this Item 8.01 by reference. As of the close of business, Eastern time, on June 2, 2009, the Company’s share transfer books will close and the NYSE Amex will suspend trading. Because the Company did not consummate a business combination within the time frame required by its certificate of incorporation and the terms of its initial public offering, the Company is required to liquidate and dissolve. The Company will begin the process of liquidating and dissolving itself in accordance with its certificate of incorporation and applicable Delaware law.
 
The Company expects to liquidate the amounts held in its trust account, which consist of proceeds from the Company’s initial public offering, together with the deferred portion of the underwriter’s discount and commission and interest (net of applicable taxes). Payable upon presentation, liquidating distributions will be made to holders of shares of the Company's common stock (excluding shares issued prior to the Company's initial public offering).  Stockholders whose stock is held in “street name” through a broker will automatically receive payment through the Depository Trust Company. The liquidating distribution is expected to be approximately $7.98 per share. No payments will be made with respect to any of the Company’s outstanding warrants or shares of common stock that were acquired prior to the Company’s initial public offering.
 
The Company will file a Certificate and Notice of Termination of Registration on Form 15 with the Securities and Exchange Commission for the purpose of deregistering its securities under the Securities and Exchange Act of 1934, as amended. As a result, the Company will no longer be a public reporting company and its securities will cease trading on the NYSE Amex.
 
Item 9.01. Financial Statements and Exhibits.
 
(d) Exhibits
 

Exhibit No.
 
Description
2.1
 
Form of Plan of Liquidation of Columbus Acquisition Corp.
 
 

 
SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


 
COLUMBUS ACQUISITION CORP.
 

Date: May 28, 2009
By:
/s/ Andrew Intrater    
   
Name:  Andrew Intrater
 
   
Title:  Chairman and Chief Executive Officer
 



EXHIBIT INDEX

Exhibit No.
 
Description
2.1
 
Form of Plan of Liquidation of Columbus Acquisition Corp.
 



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