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Corporate ActionJun 12, 2026, 12:36 PM

Centurion Acquisition Corp. Secures Shareholder Support for Extension

AI Summary

Centurion Acquisition Corp. (ALF) has entered into Non-Redemption Agreements with certain shareholders. These agreements involve approximately 4,675,000 Class A ordinary shares, where investors commit to not redeem their shares and to vote in favor of the Extension Amendment Proposal. In return, the Company's sponsor, Centurion Sponsor LP, will transfer an aggregate of 1,558,333 Class A ordinary shares to these investors. The Extension Amendment Proposal seeks to extend the deadline for the Company to complete its business combination from June 12, 2026, to June 12, 2027. These agreements are expected to increase the likelihood of the proposal's approval and preserve funds in the company's trust account.

Key Highlights

  • Centurion Acquisition Corp. entered Non-Redemption Agreements with shareholders.
  • Shareholders agreed not to redeem 4,675,000 Class A ordinary shares.
  • Investors will vote in favor of the Extension Amendment Proposal.
  • Sponsor will transfer 1,558,333 Class A ordinary shares to investors.
  • The Extension Amendment Proposal aims to extend the business combination deadline to June 12, 2027.