Centurion Acquisition announced the closing of its initial public offering of 28.75 million units, which includes 3.75 million units issued through the exercise by the underwriters of their over-allotment option, at $10 per unit. Each consists of one share and one-half of a warrant, with whole warrants exercisable to purchase a share at $11.50.
The units list on the Nasdaq under the ticker symbol ALFUU. Once the securities begin separate trading, the shares and warrants are expected to list under the symbols ALF and ALFUW.
The new SPAC plans to target 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.
CEO and Director Mark Gerhard was the CEO and a director of Ascendant Digital Acquisition III from January 2021 until its dissolution in February 2023. Gerhard served as CEO and a director of Ascendant Digital Acquisition from March 2020 until its business combination with MarketWise in July 2021.
Concurrently with the closing of the IPO, the SPAC closed on a private placement of 7 million warrants at $1 each. Centurion Sponsor purchased 4.5 milllion warrants, Cantor Fitzgerald purchased 1.75 million warrants and Odeon Capital Group 750,000. Read more.
