Schedule 13G: Meteora's 1.73M shares (6.02%) in Centurion Acquisition
Rhea-AI Filing Summary
Meteora Capital, LLC and Vik Mittal report beneficial ownership of 1,731,507 shares of Centurion Acquisition Corp. The filing is a Schedule 13G reporting that these shares represent 6.02% of the Class A common stock. The reported position reflects shared voting and shared dispositive power over the shares and the filing classifies the reporting person as an investment adviser (IA).
The statement includes a certification that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. No sole voting or sole dispositive power is reported, and group or subsidiary reporting is marked as not applicable.
Positive
- Beneficial ownership disclosed: 1,731,507 shares representing 6.02% of Class A common stock
- Filed as an investment adviser (IA): Reporting person classifies holdings as adviser-managed funds held in the ordinary course of business
Negative
- No sole voting or dispositive power: Sole voting power reported as 0 and sole dispositive power reported as 0
- Limited direct control implied: All reported power is shared, which constrains immediate unilateral influence over the issuer
Insights
TL;DR: Meteora reports a passive, >5% stake—material for disclosure but presented as non-control.
The Schedule 13G shows Meteora Capital and its managing member, Vik Mittal, beneficially own 1,731,507 shares (6.02%) of Centurion Acquisition Corp Class A common stock. The filing reports 0 shares of sole voting or dispositive power and 1,731,507 shares of shared voting and dispositive power, and it is made in the capacity of an investment adviser (IA). The certification that the position was acquired in the ordinary course and not to influence control indicates a passive disclosure under 13G, which typically implies limited immediate corporate governance impact.
TL;DR: Stake exceeds 5% so disclosure required; shared control and non-control certification limit governance implications.
The filing confirms a >5% ownership threshold has been met, triggering Schedule 13G disclosure. Important governance details: the reporting persons assert shared voting/dispositive power only and explicitly state the holdings are not intended to change or influence control. Items relating to group membership, parent holding company acquisition, and reporting on behalf of others are marked as not applicable, suggesting the position is held by the Meteora Funds without a broader coalition or control structure disclosed in this filing.