COLA Announces $250 Million Deal to Publicly List WISeSat.Space Holdings: Majority Stake, Quantum-Resilient Focus, and Major Satellite Ambitions

Business Combination Establishes New Quantum-Secure Space-Tech Player with WISeKey in Control

Columbus Acquisition Corp. (Nasdaq: COLA) and WISeKey International Holding AG (Nasdaq: WKEY) have unveiled a $250 million business combination agreement that will take WISeKey’s satellite subsidiary public as WISeSat.Space Holdings Corp. This landmark move not only carves out WISeSat.Space for its own listing on Nasdaq, but it also secures a majority stake for WISeKey in the new entity, valued at $250 million through the allocation of 25 million shares at $10 each. The deal is targeted to close in the first half of 2026, positioning the combined business for significant advancements in secure, satellite-driven Internet of Things (IoT) connectivity.

Deal Structure Puts WISeKey in Command and Fuels Cash for Expansion

WISeKey’s equity in the new public entity comes alongside provisions for WISeKey and SEALSQ to inject at least $10 million in fresh capital. Columbus shareholders will convert their holdings to Pubco shares on a 1:1 basis, while every 7 Columbus rights are eligible for one share. In addition, WISeKey retains flexibility to distribute up to 10% of its new Pubco shares to its existing shareholders following the closing. The combined entity is set up for robust capitalization—important for funding the expansion and commercialization of its secure satellite IoT network.

WISeSat: Scaling Secure Space-Based IoT With Post-Quantum Tech

WISeSat, already recognized for its constellation of low-Earth-orbit nanosatellites, provides encrypted, quantum-resilient IoT communications targeting sectors such as agriculture, logistics, energy, and defense. Each satellite leverages post-quantum cryptographic chips developed by WISeKey’s other subsidiary, SEALSQ, along with Root of Trust identity security and integration with distributed ledger technologies like Hedera. These technologies are engineered to meet the looming threat of quantum computing by offering communication protocols resilient to quantum cyberattacks, a feature critical to tomorrow’s global IoT infrastructure.

Next Milestone: Quantum-Shield Satellite Launches and Constellation Growth

WISeSat plans a pivotal satellite launch in November 2025 aboard a SpaceX Falcon 9 rocket from California’s Vandenberg base. This mission will trial new post-quantum secure communications using SEALSQ’s Quantum Shield technology, demonstrating end-to-end quantum resilience for critical data transfer. Currently, 22 satellites are in orbit (14 active), with ambitious plans to scale to 100 satellites by 2030—building a comprehensive, autonomous IoT backbone for secure global connectivity.

Leadership Sees Strong Industry Tailwinds and Shareholder Benefits

WISeKey CEO Carlos Moreira described the deal as a ‘defining moment’ that accelerates WISeSat’s commercial path and secures European leadership in quantum-safe space technology. Columbus CEO Fen Zhang highlighted the long-term value potential and market opportunities in secure satellite communications.

Regulatory Path Forward and Shareholder Approvals

The business combination is unanimously approved by both companies’ boards, but remains subject to approval by Columbus’s shareholders, customary closing conditions, and SEC review of registration filings. Detailed transaction terms will be included in SEC filings, including Columbus’s 8-K and WISeKey’s 6-K reports.

Takeaway: COLA Sets Up as a Quantum-Resilient Space Connectivity Player

This combination moves Columbus (COLA) and WISeSat to the front lines of space-based cybersecurity and quantum-resilient connectivity, underpinned by strong capitalization and clear long-term targets. Investors, sector watchers, and potential users in critical industries may want to keep WISeSat.Space Holdings on their radar as regulatory filings proceed and new satellite launches take shape in the next 12 months.

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