Centurion Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing on or about August 1, 2024

Rhea-AI Summary

Centurion Acquisition Corp. (Nasdaq: ALFUU) has announced that holders of units from its initial public offering can now separately trade Class A ordinary shares and warrants starting August 1, 2024. The company's IPO, completed on June 12, 2024, included 28,750,000 units, with an additional 3,750,000 units issued due to the underwriters' overallotment option.

Unseparated units will continue trading on Nasdaq under 'ALFUU', while separated Class A shares and warrants will trade under 'ALF' and 'ALFUW' respectively. Only whole warrants will be tradeable, and unit holders must contact Continental Stock Transfer & Trust Company to separate their units.

The securities registration statement became effective on June 10, 2024. This announcement does not constitute an offer to sell or solicit an offer to buy these securities.

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On the day this news was published, ALFUU declined NaN%, reflecting a moderate negative market reaction.

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NEW YORK, July 29, 2024 (GLOBE NEWSWIRE) --  Centurion Acquisition Corp. (Nasdaq: ALFUU) (the “Company”) announced that holders of the units sold in the Company’s initial public offering of 28,750,000 units, which includes 3,750,000 units issued pursuant to the exercise by the underwriters of their overallotment option, completed on June 12, 2024 (the “Offering”), may elect to separately trade the Class A ordinary shares and warrants included in the units commencing on or about August 1, 2024. Any units not separated will continue to trade on The Nasdaq Global Market under the symbol “ALFUU,” and each of the Class A ordinary shares and warrants will separately trade on The Nasdaq Global Market under the symbols “ALF” and “ALFUW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into Class A ordinary shares and warrants.

A registration statement relating to the securities was declared effective on June 10, 2024 in accordance with Section 8(a) of the Securities Act of 1933, as amended. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Cautionary Note Concerning Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s search for an initial business combination. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement for the initial public offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

About Centurion Acquisition Corp.

Centurion Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus on businesses that operate within the technology sector, with a focus on video gaming, interactive entertainment and enabling services and technologies, cybersecurity, artificial intelligence, machine learning, Software as a Service (“SaaS”) and deep tech technologies.

Contact

David Gomberg
President
Centurion Acquisition Corp.
david@centurionacquisition.com

FAQ

When can Centurion Acquisition Corp. (ALFUU) unit holders start trading separate shares and warrants?

Centurion Acquisition Corp. (ALFUU) unit holders can start trading separate Class A ordinary shares and warrants on or about August 1, 2024.

What are the new trading symbols for Centurion Acquisition Corp.'s separated securities?

The separated Class A ordinary shares will trade under the symbol 'ALF', and the warrants will trade under 'ALFUW' on The Nasdaq Global Market.

How many units were sold in Centurion Acquisition Corp.'s initial public offering?

Centurion Acquisition Corp. sold 28,750,000 units in its initial public offering, including 3,750,000 units from the underwriters' overallotment option.

When was Centurion Acquisition Corp.'s (ALFUU) initial public offering completed?

Centurion Acquisition Corp.'s (ALFUU) initial public offering was completed on June 12, 2024.

What should ALFUU unit holders do to separate their units into shares and warrants?

ALFUU unit holders need to have their brokers contact Continental Stock Transfer & Trust Company, the company's transfer agent, to separate the units into Class A ordinary shares and warrants.