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Centurion Acquisition Corp Stock Price, News & Analysis

ALFUW Nasdaq

Welcome to our dedicated page for Centurion Acquisition news (Ticker: alfuw), a resource for investors and traders seeking the latest updates and insights on Centurion Acquisition stock.

Centurion Acquisition Corp (ALFUW) provides investors with a strategic gateway to emerging technology markets through its Special Purpose Acquisition Company structure. This centralized resource aggregates official announcements and market developments related to potential mergers, leadership updates, and sector-specific growth initiatives.

Users gain access to critical updates across Centurion's focus areas including artificial intelligence, cybersecurity solutions, and interactive entertainment technologies. The curated news feed covers business combination progress, executive team changes, and strategic positioning within high-growth tech verticals.

Key information categories include merger candidate evaluations, trust fund status updates, and market analysis relevant to the company's targeted sectors. This repository serves investors seeking to monitor the SPAC's progress toward identifying acquisition targets in competitive tech niches.

Bookmark this page for streamlined access to verified updates about Centurion Acquisition Corp's activities in transformative technology markets. Check regularly for developments in AI, machine learning applications, and digital security innovations central to the company's investment thesis.

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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Rhea-AI Summary

Centurion Acquisition Corp. (Nasdaq: ALF), a blank check company, announced the closing of its $287.5 million initial public offering (IPO) which included the full exercise of the underwriters' over-allotment option. The offering consisted of 28,750,000 units at $10.00 per unit, with each unit including one Class A ordinary share and half a redeemable warrant. Concurrently, the company closed a private placement of 7,000,000 warrants at $1.00 per warrant, raising $7,000,000. The proceeds from the IPO and private placement, totaling $287.5 million, were placed in trust. The company aims to focus on technology sectors such as video gaming, interactive entertainment, cybersecurity, and artificial intelligence.

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Centurion Acquisition Corp. has announced the pricing of its $250 million initial public offering (IPO) with 25 million units priced at $10.00 per unit. Trading commences on the Nasdaq Global Market under the ticker symbol 'ALFUU' starting June 11, 2024. Each unit includes one Class A ordinary share and one-half of a redeemable warrant, with each whole warrant exercisable for one Class A share at $11.50. Separate trading of the shares and warrants will begin under ‘ALF’ and ‘ALFUW’. The offering closes June 12, 2024. The company, a blank check entity, aims to target technology sectors including video gaming, cybersecurity, AI, and SaaS. Cantor Fitzgerald & Co. will manage the offering, with Odeon Capital Group as co-manager.

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FAQ

What is the current stock price of Centurion Acquisition (alfuw)?

The current stock price of Centurion Acquisition (alfuw) is $0.262601 as of May 9, 2025.
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