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Corporate ActionJun 16, 2026, 04:57 PM

Centurion Acquisition Corp. Extends Merger Deadline to June 2027; $259.3M Redemptions

AI Summary

Centurion Acquisition Corp. shareholders approved an amendment to extend the deadline for completing an initial business combination from June 12, 2026, to June 12, 2027. In connection with this, shareholders redeemed 23,802,843 Class A ordinary shares, resulting in approximately $259.3 million being removed from the trust account. Approximately $54 million remains in the trust account.

Key Highlights

  • Shareholders approved extending the business combination deadline.
  • New deadline for initial business combination is June 12, 2027.
  • 23,802,843 Class A ordinary shares were redeemed.
  • $259.3 million was paid out for share redemptions.
  • Redemption price was approximately $10.89 per share.
  • $54 million remains in the Company's trust account.
  • The amendment to the Articles of Association took effect.