Centurion Acquisition Corp. [ALFUW]
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About
Centurion Acquisition Corp. operates as a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is headquartered in New York. Centurion focuses on identifying target businesses in the technology, media, and telecommunications sectors, with particular emphasis on companies that demonstrate strong growth potential and scalable business models. As a blank check company, Centurion raised capital through its initial public offering to hold in trust until it completes a qualifying business combination, typically within a specified timeframe of 18 to 24 months from its IPO. The ALFUW ticker represents the company's units, which consist of one share of common stock and a fraction of one redeemable warrant. Management leverages its experience in capital markets and industry expertise to evaluate potential merger candidates. The company targets businesses with enterprise values typically ranging from $500 million to $2 billion. Centurion operates under the standard SPAC structure where shareholders have the right to redeem their shares if they disapprove of the proposed business combination, providing investor protection while the management team conducts its search for a suitable target acquisition.