Centurion Acquisition Prices $250M IPO

Centurion Acquisition priced its initial public offering of 25 million units at $10 each. The units will list on the Nasdaq and trade under symbol ALFUU starting today.

Each unit consists of Class A share and one-half of a warrant, with whole warrants exercisable to purchase a share at $11.50. Once the securities begin separate trading, the shares and warrants are expected to be listed under the symbols ALF and ALFUW.

The new SPAC plans to 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. He currently serves as chairman of Pulsiv Ltd, a deep technology company disrupting power electronics, a director of Build a Rocket Boy, an innovative video game and technology developer and publisher, and CEO and CTO of JustWontDie Ltd, a video game developer and publisher.

The offering is expected to close on June 12, 2024. Read more.

Source: Centurion Acquisition Prices 0M IPO