other material
confidence high
sentiment neutral
materiality 0.60
Centurion Acquisition Corp. closes $287.5M IPO and $7M private placement
Centurion Acquisition Corp.
- Closed IPO of 28,750,000 units at $10.00 per unit, raising $287.5 million in gross proceeds.
- Concurrent private placement of 7,000,000 warrants at $1.00 each to Sponsor, Cantor Fitzgerald, and Odeon Capital, generating $7 million.
- Net proceeds of $287.5 million deposited in trust account with Continental Stock Transfer; includes $13.6875 million deferred underwriting discount.
- Audited balance sheet as of June 12, 2024 reports cash of $843,460, trust of $287.5 million, and shareholders' deficit of $12.6 million.