UNITED ~~STATES~~ ~~SECURITIES AND EXCHANGE COMMISSION~~ 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~~ REPORT

~~Date~~PURSUANT ofTO ~~Report~~SECTION ~~(Date~~13 ofOR ~~earliest event reported~~15(d): ~~May 15, 2009~~OF

~~Columbus~~THE SECURITIES ~~Acquisition~~EXCHANGE ~~Corp.~~ 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)

(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 1 3.0201 ~~Termination~~Notice of Delisting or Failure to Satisfy a ~~Material~~Continued ~~Definitive~~Listing ~~Agreement.~~Rule or Standard; Transfer of Listing.

On May 15, 2009, Columbus Acquisition Corp. (“Columbus”) and Integrated Drilling Equipment Company (“IDE”) mutually agreed to terminate the Agreement and Plan of Merger, dated December 15, 2008 (the “Merger Agreement”), by and among Columbus, IDE, IDE Acquisition, LLC and Stephen D. Cope, pursuant to a letter of termination. The ~~material terms and conditions of the Merger~~ ~~Agreement~~information ~~were~~set ~~previously~~forth ~~disclosed~~below inunder ~~Columbus’s~~Item ~~Current Report on Form~~ 8~~-K filed on December 15, 2008, and, to the extent required by Item 1~~.0201 ofis ~~Form 8-K, those descriptions are~~ incorporated herein by reference.

Item 8.01 Other Events.

On May 15 22, 2009, ~~Columbus~~the ~~issued~~Board aof ~~press~~Directors ~~release~~of ~~announcing~~Columbus ~~the~~Acquisition ~~termination~~Corp. of (the ~~Merger~~ ~~Agreement~~“Company”) adopted and approved the ~~cancellation~~Company’s proposed plan of ~~its~~liquidation ~~special~~(the “Plan ~~meeting~~of Liquidation”). A copy of ~~its~~the ~~stockholders~~form toof ~~vote~~Plan onof ~~the~~Liquidation ~~proposed~~is attached as ~~amendments~~Exhibit 2.1 to ~~Columbus’s~~this ~~certificate~~Current ofReport ~~incorporation,~~on ~~which~~Form ~~had~~8-K ~~been~~and ~~scheduled~~is ~~for~~incorporated ~~12:00 p~~in this Item 8.m01 by reference. As of the close of business, Eastern time, on ~~Friday,~~June ~~May 15~~2, 2009., the ~~The~~Company’s ~~press~~share ~~release~~transfer ~~announcing~~books will close and the ~~termination~~NYSE ofAmex will suspend trading. Because the ~~Merger~~Company did not consummate a business combination within ~~Agreement~~the time frame required by its certificate of incorporation and the ~~cancellation~~terms of ~~the~~its initial ~~special~~public ~~meeting~~offering, isthe ~~attached~~Company asis ~~Exhibit 99.1~~required to ~~this~~liquidate ~~Current~~and dissolve. The ~~Report~~Company onwill ~~Form~~begin ~~8-K,~~the process of liquidating and isdissolving ~~incorporated~~itself ~~herein~~in accordance bywith ~~reference.~~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	~~Description~~
	99.1	Press Release issued by Columbus, dated May 15, 2009, announcing the termination of the Merger Agreement and the cancellation of the special meeting.
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 15, 2009	By:	/s/ Michael W. Ernestus
		Name:	Michael W. Ernestus
		Title:	President

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	~~Description~~
	99.1	Press Release issued by Columbus, dated May 15, 2009, announcing the termination of the Merger Agreement and the cancellation of the special meeting.
2.1	Form of Plan of Liquidation of Columbus Acquisition Corp.

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