Centurion Acquisition, a blank check company targeting the tech sector, filed on Wednesday with the SEC to raise up to $250 million in an initial public offering.
The New York, NY-based company plans to raise $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, Centurion Acquisition would command a market value of $313 million.
The company is led by CEO and Director Mark Gerhard, the CEO and CTO of video game developer and publisher JustWontDie; COO and Director Riaan Hodgson, the CFO and COO of JustWontDie; and President and Director David Gomberg, the co-founder of JustWontDie. The SPAC plans to target the tech sector, with a focus on video gaming, interactive entertainment and enabling services and technologies, and cybersecurity, among other areas.
Management's other SPACs include Ascendant Digital Acquisition III (ACDI.U), which liquidated in February; Ascendant Digital Acquisition II, which filed in early 2021 but withdrew in early 2022; and Ascendant Digital Acquisition, which merged with financial research platform MarketWise (Nasdaq: MKTW; -85% from $10 offer price) in 2021.
Centurion Acquisition was founded in 2024 and plans to list on the Nasdaq under the symbol ALFUU. The company filed confidentially on February 16, 2024. Cantor Fitzgerald is the sole bookrunner on the deal.
