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

Each unit consists of one 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 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. 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