Centurion Acquisition Corp.
Business
Centurion Acquisition Corp. is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It offers investors units comprised of ordinary shares and warrants and maintains a trust account holding IPO proceeds until consummation or liquidation related to its initial business combination. The company operates through a management-led search for targets, with a strategic focus on digital technology businesses and an IP-centric, operationally driven investment approach. It may pursue targets in any industry or geography and engages with networks of private companies, venture capital, private equity and other investors, while complying with public reporting and Nasdaq listing rules.
Summary from filing dated 2025-03-24
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Operating and formation costs | 626,249 | 467,492 | |
| Loss from operations | −626,249 | −467,492 | |
| Dividends and interest earned on marketable securities and cash held in Trust Account | 12 | 8 | |
| Total other income | 12 | 8 | |
| NET INCOME | 12 | 8 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-01-31 |
|---|---|---|---|---|
| Cash | 100,985 | 665,430 | — | |
| Prepaid expenses | 59,899 | 133,415 | — | |
| Total current assets | 160,884 | 798,845 | — | |
| Long-term prepaid insurance | — | 52,380 | — | |
| Marketable securities and cash held in Trust Account | 308 | 296 | — | |
| TOTAL ASSETS | 308 | 297 | — | |
| Accounts payable and accrued expenses | 49,404 | 109,996 | — | |
| Due to Sponsor | 5,000 | 5,000 | — | |
| Total current liabilities | 60,485 | 124,996 | — | |
| Deferred underwriting fee payable | 14 | 14 | — | |
| TOTAL LIABILITIES | 14 | 14 | — | |
| Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding as of December 31, 2025 and 2024 | — | — | — | |
| Additional paid-in capital | — | — | — | |
| Accumulated deficit | −14 | −13 | — | |
| Total Shareholders Deficit | −14 | −13 | — | |
| Total Liabilities, Shares Subject to Possible Redemption and Shareholders Deficit | 308 | 297 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Payment of formation costs through promissory note | — | 8,667 | |
| Payment of operating costs through promissory note | — | 327,200 | |
| Dividends and interest earned on marketable securities held in Trust Account | −12 | −8 | |
| Unrealized loss on investments held in Trust Account | — | −74,612 | |
| Prepaid expenses | 125,896 | −158,995 | |
| Accounts payable and accrued expenses | −60,592 | 109,996 | |
| Advances from related parties | −3,919 | 10,000 | |
| Due to Sponsor | — | 5,000 | |
| Net cash used in operating activities | −564,445 | −165,249 | |
| Investment of cash in Trust Account | — | −288 | |
| Net cash used in investing activities | — | −288 | |
| Proceeds from sale of Units, net of underwriting discounts paid | — | 283 | |
| Proceeds from sale of Private Placements Warrants | — | 7 | |
| Repayment of promissory note - related party | — | −1 | |
| Payment of offering costs | — | −59,638 | |
| Net cash provided by financing activities | — | 288 | |
| Net Change in Cash | −564,445 | 665,430 | |
| Deferred offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares | — | 25,000 | |
| Deferred offering costs paid through promissory note - related party | — | 747,016 | |
| Prepaid expenses paid by Sponsor | — | 26,800 | |
| Deferred underwriting fee payable | — | 14 | |
| Offering costs charged to shareholders deficit | — | 23,015 |