AGM/EGMMay 21, 2026, 05:13 PM
Centurion Acquisition Corp. Seeks Extension to June 2027 for SPAC Merger
AI Summary
Centurion Acquisition Corp. (ALF) announced an Extraordinary General Meeting to be held on June 9, 2026, to vote on extending the date by which the company must complete an initial business combination. The proposed extension would move the deadline from June 12, 2026, to June 12, 2027. Public shareholders have the option to redeem their shares for an estimated $10.85 per share from the Trust Account if the extension is approved. The Board of Directors unanimously recommends voting "FOR" the Extension Proposal and the Adjournment Proposal.
Key Highlights
- Extraordinary General Meeting scheduled for June 9, 2026, at 11:00 a.m. ET.
- Proposal to extend the business combination deadline from June 12, 2026, to June 12, 2027.
- Public shareholders can redeem shares for an estimated $10.85 per share from the Trust Account.
- Trust Account held approximately $312 million as of the May 6, 2026 Record Date.
- Insiders own 7,187,500 Founder Shares, representing 20.0% of outstanding Ordinary Shares.
- Extension Proposal requires an affirmative vote of at least two-thirds of shares voted.
- Redemption requests must be submitted by 5:00 p.m. ET on June 5, 2026.
Price Impact
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