Centurion Acquisition: MMCAP & MM Asset Report 3.27% Stake

Schedule 13G/A disclosure summarizing ownership of Centurion Acquisition Corp. Class A ordinary shares.

Rhea-AI Filing Summary

Schedule 13G/A disclosure summarizing ownership of Centurion Acquisition Corp. Class A ordinary shares. Two reporting entities, MMCAP International Inc. SPC and MM Asset Management Inc., report a combined beneficial ownership of 1,175,000 shares, representing 3.27% of the class. The holders report shared voting and shared dispositive power only and certify the securities were not acquired to change or influence control of the issuer.

Positive

• Clear disclosure of ownership: the filing reports a defined stake of 1,175,000 shares (3.27%).
• Passive-holder filing (Schedule 13G/A) indicates the holders do not intend to influence control, reducing short-term governance risk.
• Shared voting/dispositive power only shows no sole control by either reporting person.

Negative

• None.

Insights

Securities Analyst

TL;DR: Passive disclosure of a modest 3.27% stake; transparency reduces uncertainty about potential control activity.

The filing is a Schedule 13G/A, indicating reporting as a passive investor rather than an activist seeking control. The combined position of 1,175,000 shares (3.27%) is material enough to be disclosed but remains below thresholds that typically trigger takeover concerns. Shared voting and dispositive power implies coordination or joint management of the stake rather than sole control. For investors, this clarifies ownership concentration without indicating an imminent change in governance or control.

Corporate Governance Expert

TL;DR: The report documents governance-relevant ownership but shows no single-party control or hostile intent.

The disclosure identifies two institutional reporting persons holding a combined 3.27% of Class A shares with only shared voting/dispositive rights. That structure suggests limited unilateral influence on board composition or strategic decisions. The certification that the shares were not acquired to influence control reinforces the passive nature of the holding. This filing increases transparency around significant minority holders without signaling governance disruption.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake do MMCAP and MM Asset Management report in Centurion Acquisition Corp. (ALFUW)?

They report a combined beneficial ownership of 1,175,000 shares, equal to 3.27% of the class.

Is the 13G/A filing for ALFUW a sign of an activist attempt to take control?

No. The filing is a Schedule 13G/A, which reflects a passive reporting status and the certifying statement says the shares were not acquired to change or influence control.

Do the reporting persons have sole voting or dispositive power over ALFUW shares?

No. The filing shows 0 sole voting and 0 sole dispositive power; they report shared voting and shared dispositive power over the 1,175,000 shares.

Does the disclosed stake exceed the 5% reporting threshold for ALFUW?

No. The combined position of 3.27% is below the 5% threshold.

Which entities filed the Schedule 13G/A for ALFUW?

The filers are identified as MMCAP International Inc. SPC and MM Asset Management Inc..

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/12/2025 - 05:22 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

Centurion Acquisition Corp.

(Name of Issuer)

Class A ordinary shares, par value $0.0001 per share

(Title of Class of Securities)

G20315100

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G20315100

1

Names of Reporting Persons

MMCAP International Inc. SPC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,175,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,175,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,175,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.27 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP No. G20315100

1

Names of Reporting Persons

MM Asset Management Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,175,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,175,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,175,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.27 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Centurion Acquisition Corp.
(b)	Address of issuer's principal executive offices: 667 Madison Avenue 5th Floor, New York, NEW YORK 10065
Item 2.
(a)	Name of person filing: MMCAP International Inc. SPC MM Asset Management Inc.
(b)	Address or principal business office or, if none, residence: c/o Mourant Governance Services (Cayman) Limited 94 Solaris Avenue Camana Bay, P.O. Box 1348 Grand Cayman, KY1-1108, Cayman Islands 161 Bay Street, TD Canada Trust Tower, Suite 2240, Toronto, ON M5J 2S1 Canada
(c)	Citizenship: Cayman Islands Ontario, Canada
(d)	Title of class of securities: Class A ordinary shares, par value $0.0001 per share
(e)	CUSIP No.: G20315100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,175,000
(b)	Percent of class: 3.27 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 1,175,000
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 1,175,000
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

MMCAP International Inc. SPC

Signature:	/s/ Ulla Vestergaard
Name/Title:	Director
Date:	08/12/2025

MM Asset Management Inc.

Signature:	/s/ Hillel Meltz
Name/Title:	President
Date:	08/12/2025