ALF SEC filings, in plain English
Everything Centurion Acquisition Corp. has filed with the SEC that we hold — 40 filings, newest first, 40 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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What changed: A Joint Filing Agreement (Exhibit A) attached to a Schedule 13G/A amendment (CIK 0001193125-26-351243) that consolidates SEC disclosure obligations for Linden Capital L.P., Linden GP LLC, Linden Advisors LP, and Siu Min Wong regarding their beneficial ownership of Centurion Acquisition Corp. shares. According to Exhibit A, the filing amends a previously submitted Statement on Schedule 13G dated June 30, 2026, but introduces zero modifications to reported share quantities, voting thresholds, dispositive agreements, or redemption parameters. The document solely establishes a procedural mechanism for the four parties to submit future amendments collectively under Rule 13d-1(k). Why it matters: As a routine compliance exhibit, the agreement confirms administrative alignment among the reporting group through Saul Ahn, who executes on behalf of each entity or individual as Authorized Signatory, General Counsel, or Attorney-in-Fact. The text incorporates a Power of Attorney dated June 10, 2019 originally referenced in an Exhibit B filed for Haymaker Acquisition Corp II on June 19, 2019. It contains no claims about customers, revenue, market size, technology, partnerships, litigation, or personnel movements. Because it alters neither beneficial ownership thresholds nor any corporate action timelines, it bears no direct mechanical weight on investor redemptions, trust value maintenance, extension voting, or sponsor conduct. It formally locks in joint regulatory accountability for the named holders and clarifies that Saul Ahn holds continuing delegated signing authority.
What changed: Schedule 13G/A Joint Filing Statement (Exhibit I) — a procedural signature page for a beneficial ownership amendment. The provided excerpt contains only joint-filing acknowledgments and signatories for four First Trust affiliates; it reports no alteration in aggregate beneficial ownership percentage, acquisition timing, or disposition activity. Why it matters: For investors tracking Centurion Acquisition Corp.’s search period (extending to 2027-06-12) and $10.89 per share trust value, this document establishes that First Trust entities are maintaining a reporting relationship under Rule 13d-1(k). Without the primary Schedule 13G/A pages disclosing the actual percentage owned, whether the stake exceeds 5%, and the stated purpose of acquisition (e.g., investment vs. control intent), the filing provides no evidence of activist positioning, redemption-side accumulation, sponsor pressure, or mechanical adjustments to capital structure or deadlines.
What changed: Quarterly report on Form 10-Q for Centurion Acquisition Corp. (ALF). According to the Company’s Q2 2026 10-Q filing, on June 12, 2026, public shareholders approved extending the business combination deadline to June 12, 2027. The Company reports that 23,802,843 public shares were redeemed at approximately $10.89 per share, withdrawing roughly $259.3 million from the Trust Account and reducing the surviving balance to approximately $54 million across ~4.95 million shares. The Company discloses that to secure the extension, the Sponsor executed Non-Redemption Agreements with investors holding ~4.67 million shares, promising to transfer ~1.56 million future class A shares post-combination; the Company recognized a $1,187,449 corresponding expense. The Company also reports converting all 7.19 million founder shares to class A on June 8, 2026. Why it matters: As disclosed by management, the near-total public redemption and reliance on sponsor-funded equity commitments to secure the extension highlight acute liquidity strain, corroborating the Company’s own going-concern warning regarding a $358,197 working capital deficit and just $1,853 in operating cash. The disclosure indicates mounting pressure to preserve the SPAC vehicle despite overwhelming public exit, while the unchanged $13,687,500 deferred underwriting obligation remains a structural drag on surviving trust value through the extended June 2027 deadline.
What changed vs 2026-05-11trust $310.9M → $54.0M -83%deadline 2026-06-12 → 2027-06-12sponsor loan $5K → $25Kshares 28.8M → 4.95M -83%trust account, combination deadline, sponsor loans outstanding +24 moved · 1 with no prior record of ours
- Trust account
- $310.9M$54.0M
- Combination deadline
- 2026-06-122027-06-12
- Sponsor loans outstanding
- $5K$25K
- Redeemable shares
- 28.8M4.95M
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $256,900,064 left the trust between the two filings.
The clause …“97,242 59,899 Total current assets 99,095 160,884 Marketable securities held in Trust Account 53,995,912 308,174,127 TOTAL ASSETS $ 54,095,007 $ 308,335,011 Liabilities, Class A Ordinary Shares Subject to Possible Redemption and”…
SpacBrain reads this as 365 days later than the previous record.
The clause …“we must consummate an initial Business Combination from June 12, 2026 to June 12, 2027 (the “Extended Date”), or an earlier date than the Extended Date as determined by our board of directors and included in a public announcement”…
SpacBrain reads this as the sponsor has advanced $20,000 more.
The clause …“Due to Sponsor As of June 30, 2026 and December 31, 2025, the Company owed the Sponsor $ 25,000 and $ 5,000 , respectively, which is related to the Administrative Services Agreement. The amount due is non-interest bearing and”…
SpacBrain reads this as 23,802,843 shares are no longer redeemable.
The clause “000 shares authorized; 7,187,500 and 0 shares issued and outstanding (excluding 4,947,157 and 28,750,000 shares subject to possible redemption) as of June 30, 2026 and December 31, 2025, respectively 719 — Class B Ordinary Shares, $”…
The clause …“in accordance with FASB ASC 205-40, “Presentation of Financial Statements-Going Concern,” the Company has incurred, and expects to continue to incur, significant costs in pursuit of its financing and acquisition plans. A working”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Schedule 13G/A beneficial ownership report filed by AQR Capital Management, LLC, AQR Capital Management Holdings, LLC, AQR Arbitrage, LLC, AQR Global Alternative Investment Offshore Fund, L.P., and AQR Capital Management GP Ltd. The /A designation indicates an amendment to a prior Schedule 13G, but the provided text contains only the reporting entities, the submission date of 2026-08-14, and the SEC internal identifier [0001167557-26-000221]. It omits all standard 13G exhibits, including amended percentage ownership, acquisition or disposition dates, source of funds, and statements regarding investment intent or control. The document provides no information altering Centurion Acquisition Corp.’s redemption calendar, trust account composition, business combination deadline, extension procedures, target evaluation progress, or sponsor conduct. Why it matters: In SPAC tracking, a 13G/A signals that one of the institution’s affiliate pools has rebalanced its exposure, which affects secondary liquidity, dark-pool accumulation patterns, and potential block-trade availability before the SEARCHING phase concludes. Investors monitoring the 2027-06-12 expiration and the referenced 10.89-dollar trust value per share should obtain the complete filing to confirm whether AQR added, trimmed, or merely reallocated shares across the listed entities, and whether the filing revised the fund from passive to active status or disclosed engagement intentions with management. The excerpt itself makes no claims about customer concentration, historical or projected revenue, addressable market size, technology infrastructure, commercial partnerships, ongoing litigation, or executive appointments.
What changed: This document is a Schedule 13G/A routine compliance exhibit reporting a beneficial ownership filing. The filing attributes to Picton Mahoney Asset Management only a regulatory form label and holder identification; it discloses no data affecting redemption deadline mechanics, trust account trajectories toward the stated timeline, extension voting procedures, business combination development, or sponsor conduct parameters. Why it matters: Investors monitoring capital preservation and target integration milestones receive no substantive signals here. Picton Mahoney Asset Management and the filer omit all commentary on customers, revenue streams, addressable market dimensions, strategic technology roadmaps, commercial partnerships, active litigation, or executive personnel movements. Without quantitative disclosure or operational narrative, the submission carries no independent weight regarding Centurion Acquisition Corp.’s ability to execute or distribute proceeds.
What changed: Routine compliance exhibit: Amended beneficial ownership report (Schedule 13G/A). This filing identifies Wealthspring Capital LLC and Matthew Simpson as reporting holders. The excerpt contains no share quantities, acquisition percentages, trade dates, or transaction prices, meaning no beneficial ownership thresholds were crossed or altered. Consequently, the SPAC’s core mechanics remain unshifted: no extension proposal, redemption window modification, deal progression update, or sponsor conduct change is disclosed. The text also includes zero strategic, financial, or operational claims—no assertions about customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel—so there are no attributable statements from management or third parties to evaluate. Why it matters: Investors tracking redemption deadlines, trust distributions, and merger votes routinely scan 13G/A amendments to detect institutional or insider accumulation that could foreshadow a proxy vote outcome or influence extension timing. Because this submission provides only holder names without block sizes, cost bases, or date-of-acquisition markers, it does not independently alter redemption calendar projections, trust payout expectations, or sponsor behavior assessments. However, the continued filing activity by Wealthspring Capital LLC and Matthew Simpson confirms active regulatory tracking; when subsequent schedules disclose actual quantities or prices, investors can map whether large positions are being consolidated for approval, held for yield exposure, or positioned to tender shares at the disclosed trust level before the stated search deadline expires.(flagged for human review)
What changed: A routine compliance exhibit—a Joint Filing Agreement attached to a Schedule 13G beneficial ownership report—formalizing the pooled reporting of Linden Capital L.P., Linden GP LLC, Linden Advisors LP, and Siu Min Wong under Rule 13d-1(k). Mechanics & Redemption Calendar: The filing introduces no amendments to Centurion Acquisition Corp.’s trust value, redemption window, extension timeline, or business combination deadline. Sponsor conduct, PIPE financing, and deal pipeline status remain untouched. Other Substance: The document contains zero claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. Its only operational references are a power of attorney dated June 10, 2019, executed by Siu Min Wong for Haymaker Acquisition Corp II, and a cross-reference to a prior Schedule 13G filed on June 19, 2019. Signed solely by Saul Ahn as authorized signatory and attorney-in-fact, the agreement establishes procedural joint-reporting status without altering economic terms or disclosing target criteria. Why it matters: For investors tracking ALF, this document functions as administrative housekeeping that clarifies which entities are aggregating their positions for SEC disclosure. Because the excerpt omits total shares held, percentage thresholds, and acquisition targets, it does not impact trust distribution mechanics, redemption calculations, extension probabilities, or sponsor governance scrutiny. Investors should expect no downstream effects on the search period or capital structure based solely on this joint filing agreement.
What changed: Form 8-K current report detailing the outcomes of an extraordinary general meeting, specifically shareholder approval of an amendment to the Amended and Restated Memorandum and Articles of Association to extend the business combination deadline, accompanied by related share redemptions and trust account distributions. According to the filing by Centurion Acquisition Corp., shareholders voted 21,799,309 For and 8,283,145 Against to amend the Articles, changing the consummation deadline from June 12, 2026 to June 12, 2027. The company reports that holders of 23,802,843 Class A ordinary shares exercised redemption rights during the meeting period. On June 16, 2026, approximately $259.3 million (approximately $10.89 per share) was removed from the Trust Account to pay redeeming holders, leaving approximately $54 million in the Trust Account. Exhibit 3.1 attached to the filing amends Article 51.7 to formally establish the June 12, 2027 Deadline Date and codify the pro-rata cash redemption mechanics under Cayman Islands law. Why it matters: The extension materially resets the redemption and liquidation calendar for public investors, pushing the final deadline to June 12, 2027. The concurrent redemption of roughly 23.8 million shares drains the trust to approximately $54 million, substantially reducing capital available to finance a target acquisition or satisfy future warrant exercises, thereby increasing execution risk and limiting financial flexibility. The amendment locks in the redemption trigger language, ensuring that failure to merge by the new date will mandate a swift liquidation payout. No operational, commercial, or strategic disclosures are contained in the filing; the substance is strictly governance and capital structure.
What changed: Form 4 insider ownership report filed by Centurion Acquisition Corp. As documented by reporting person Robert Foresman, a conversion occurred on 2026-06-08 resulting in the acquisition of 30,000 shares, with 30,000 shares held afterward. With respect to specified mechanics, this submission leaves the redemption deadline of 2027-06-12 unamended, maintains the per-share trust account at $10.89, introduces no extension motion, reports zero target acquisition progression, and discloses no sponsor conduct updates. Regarding other substantive claims, the filing contains no assertions regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or additional personnel changes. Why it matters: This compliance exhibit records a director-level equity conversion that carries no mechanical force over public redemption windows, trust distribution schedules, or business combination timelines. Because the entity remains designated SEARCHING and names no prospective target, the insider share accumulation neither accelerates voting cycles nor alters liquidation parameters. Investors tracking capital deployment should treat this as a routine administrative disclosure while awaiting merger agreements or shareholder meeting proxies that would explicitly reset redemption calendars or trust valuation benchmarks.
What changed: SEC Form 4 – Statement of Changes in Beneficial Ownership. This routine compliance exhibit documents an insider share adjustment but leaves Centurion Acquisition Corp.’s SPAC mechanics untouched. The company remains in SEARCHING status, maintains a reported trust value of $10.89 per share, and retains its fixed termination deadline of 2027-06-12. No extensions, redemption windows, target acquisition progress, or sponsor conduct deviations are introduced or modified. Why it matters: Director Michael G. Jesselson stated, via the June 15, 2026 submission, that on 2026-06-08 he executed a conversion to acquire 30,000 shares, leaving him with a post-transaction holding of 30,000 shares. The filing contains no additional assertions about customer bases, revenue streams, addressable market sizing, strategic pivots, proprietary technology, commercial partnerships, ongoing litigation, or subsequent personnel appointments. Because the document serves exclusively as a statutory ownership ledger, it neither advances deal timelines nor recalibrates trust distributions, and provides no substantive operational intelligence beyond confirming baseline regulatory disclosure compliance.
What changed: Form 4 — insider ownership report. Per Director Mickie Rosen’s Form 4 filing dated 2026-06-15, a transaction executed on 2026-06-08 involved a conversion that acquired 30,000 shares, resulting in a total post-transaction ownership of 30,000 shares. This insider position update does not alter the $10.89 trust per share, the 2027-06-12 business combination deadline, or the entity’s SEARCHING designation. Why it matters: Tracking redemption deadlines, trust value, extensions, and sponsor conduct reveals no mechanical changes: the $10.89 trust metric remains intact, the 2027-06-12 deadline stands unamended, and no extension or liquidation triggers are cited. Containing zero claims about target customers, revenue projections, market sizing, technology milestones, partnership formations, litigation posture, or executive transitions, the filing isolates to a routine insider holding adjustment. Consequently, it provides no new signals on deal progress or sponsor strategy, leaving the redemption calendar and capital structure unaffected.
What changed: Form 4 — insider ownership report [0001213900-26-068985]. Per the reporting persons (Centurion Sponsor LP, Centurion Sponsor GP LLC, and director Gomberg David), a conversion transaction executed on 2026-06-08 resulted in the acquisition of 7,067,500 shares, leaving the combined insider holding at exactly 7,067,500 shares. This internal conversion activity does not adjust the public redemption window, alter the trust account mechanics, or advance or delay any target identification or merger progress. Why it matters: The filing confirms that all 7,067,500 shares remain concentrated within the sponsor and executive group following conversion, signaling no founder sell-downs and maintaining standard SPAC alignment metrics ahead of the SEARCHING period. Because the text contains no projections, customer attributions, revenue figures, partnership announcements, litigation details, or personnel changes beyond the reporting owners’ titles and stake sizes, there are no supplemental catalysts affecting valuation mechanics or investor decision windows.
What changed: A Form 4 insider ownership report detailing a beneficial ownership change by a Centurion Acquisition Corp. director. According to the filing submitted on 2026-06-15 for a transaction executed on 2026-06-08, director Vu Thomas Theodore converted and acquired 30,000 shares, bringing his total recorded holding to 30,000 shares. The submission contains no information affecting the redemption deadline, trust account balance per share, extension voting procedures, target acquisition progress, or sponsor conduct commitments. Why it matters: Director-level share conversions documented in a Form 4 generally reflect the vesting or exercise of previously issued compensation or warrant instruments rather than open-market purchases that would dilute public float or alter redemption dynamics. Because the document solely attributes a 30,000-share internal reallocation to Vu Thomas Theodore, it does not materially shift shareholder capital deployment windows, trust distribution mechanics, or merger agreement milestones. No claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or additional personnel are present in the filing.
What changed: A Form 8-K current report (Item 1.01) disclosing the entry into Non-Redemption Agreements between Centurion Acquisition Corp., its sponsor, and multiple shareholders, submitted alongside Exhibit 10.1, which contains the formal legal text governing the conditional exchange of locked-up public shares for founder equity pending an extension vote. The Company stated that an extraordinary general meeting (EGM) is called to vote on amending the Articles to extend the business combination deadline from June 12, 2026 to June 12, 2027. The filing reports agreements locking in commitments over an aggregate of 4,675,000 Class A ordinary shares (par value $0.0001 per share), termed Non-Redeemed Shares. Under the executed agreements, the Sponsor agreed to transfer an aggregate of 1,558,333 Founder Shares to participating Investors promptly following business combination closing, conditioned on the Investors rescinding any prior redemption requests, voting in favor of the Extension, and the proposal receiving shareholder approval. The contract defines eligible 'Investor Shares' as the lesser of 2,000,000 Public Shares or 9.9% of Public Shares outstanding post-extension. The Company explicitly confirmed it will not draw from the trust account to satisfy potential excise taxes arising under the Inflation Reduction Act of 2022 due to share redemptions. Why it matters: This disclosure materially shapes the redemption calendar by contractually neutralizing 4,675,000 shares against early payout demands ahead of the imminent EGM, thereby shielding the trust account liquidity required to sustain operations until the newly set June 12, 2027 termination date. Attributed to the Company, the assurance regarding Inflation Reduction Act excise taxes clarifies that remaining public shareholders will not bear hidden liabilities tied to exit costs. The transfer of 1,558,333 founder shares acts as a performance-linked incentive orchestrated by Centurion Sponsor LP, though final delivery hinges on a completed business combination and proper joinder to the June 10, 2024 Letter Agreement and Registration Rights Agreement. Company officials note that warrants retain an exercise price of $11.50 per share. Signed by Chief Executive Officer and Director Mark Gerhard on June 12, 2026, the filing introduces a most-favored-nations provision guaranteeing proportional adjustments if rival agreements yield superior ratios, signaling defensive sponsor conduct aimed at consolidating proxy support while minimizing near-term dilution exposure outside the closed-block structure.
What changed: This filing is a Definitive Additional Materials submission (DEFA14A) enclosing a Current Report on Form 8-K and a GLOBE NEWSWIRE press release dated June 5, 2026, which formally announces the postponement of Centurion Acquisition Corp.’s extraordinary general meeting and updates the procedural timeline for shareholder actions tied to a proposed trust extension. The company has rescheduled its extraordinary general meeting from June 9, 2026, at 11:00 a.m. Eastern Time to June 12, 2026, at 11:00 a.m. Eastern Time. Accordingly, the deadline to tender public Class A ordinary shares for redemption is delayed until 5:00 p.m. Eastern Time on June 10, 2026. The meeting’s core purpose remains securing shareholder approval to amend the memorandum and articles of association to push the initial business combination completion date from June 12, 2026, out to June 12, 2027. The record date for voting stays fixed at the close of business on May 6, 2026. Shareholders who already submitted proxies or votes do not need to act again, but those wishing to retract earlier redemption submissions may contact Continental Stock Transfer & Trust Company, the designated transfer agent, to have shares returned. Why it matters: The administrative shift extends the redemption window by two business days, giving investors additional time to evaluate the extension vote before the June 10 cutoff, which directly influences the final cash balance remaining in the trust account if the amendment passes. Securing a twelve-month extension alters the liquidation clock from mid-June 2026 to mid-June 2027, signaling continued sponsorship commitment to search for a target rather than winding up. According to the company’s press release and contact listing under President David Gomberg, the firm’s stated investment strategy focuses on technology sector businesses operating in video gaming, interactive entertainment, enabling services and technologies, cybersecurity, artificial intelligence, machine learning, Software as a Service (“SaaS”), and deep tech technologies. The warrant class retains its stated exercisable price of $11.50 per share, and directors and officers’ interests in the extension remain documented in the May 21, 2026 proxy statement and March 12, 2026 annual report. No new target candidates, financial metrics, litigation disclosures, or sponsor conduct matters are introduced.
What changed: A Form 8-K Current Report and accompanying press release (Exhibit 99.1) announcing the postponement of an extraordinary general meeting and the associated adjustment to the shareholder redemption deadline. Centurion Acquisition Corp. postponed its Extraordinary General Meeting from June 9, 2026, at 11:00 a.m. Eastern Time to June 12, 2026, at 11:00 a.m. Eastern Time to allow additional time for shareholder engagement. The filing extends the redemption deadline for public Class A ordinary shares to June 10, 2026, at 5:00 p.m. Eastern Time, establishing a two-business-day window before the rescheduled meeting. The record date for voting remains the close of business on May 6, 2026. The meeting will now occur at Perkins Coie LLP offices located at 1155 Avenue of the Americas, New York, New York 10036. Why it matters: According to the filing, the adjusted timeline dictates the final submission window for investors wishing to withdraw proceeds from the trust account before the extension vote concludes, locking in redemptions by June 10, 2026, at 5:00 p.m. ET. The company states this delay provides time to secure approval for an amendment that extends the initial business combination deadline from June 12, 2026, to June 12, 2027. The materials warn that failing to obtain shareholder approval or consummate a combination within the permitted timeframe risks liquidation. Regarding operations and intent, the press release attributes a strategic focus to 'video gaming, interactive entertainment and enabling services and technologies, cybersecurity, artificial intelligence, machine learning, Software as a Service (“SaaS”) and deep tech technologies.' President David Gomberg provided contact information in the announcement, and the report was executed by Chief Executive Officer and Director Mark Gerhard on June 5, 2026.
What changed: A Definitive Proxy Statement (DEF 14A) for an Extraordinary General Meeting of Shareholders. The board proposes amending the company's articles to extend the business combination deadline from June 12, 2026 to June 12, 2027, stating it determined there may not be sufficient time before the original cutoff. The board estimates the trust account held approximately $312 million as of the May 6, 2026 record date, projecting a per-share redemption price of approximately $10.85. Shareholders seeking redemption must separate underlying warrants if applicable, submit a written request to transfer agent Continental Stock Transfer & Trust Company, and tender shares via DTC or physically by 5:00 p.m. Eastern Time on June 5, 2026. The board unanimously recommends voting FOR the extension. The sponsor and insiders hold 7,187,500 founder shares (approximately 20.0% of outstanding shares) and intend to vote in favor. Because the extension requires a two-thirds special resolution, the company states it needs 16,770,834 public shares (approximately 58.3% of the 28,750,000 public shares) voted in favor to meet the threshold. The filing discloses the sponsor may purchase public shares to reduce redemptions, provided those shares are not voted FOR the proposal. The sponsor continues to receive $10,000 per month under an administrative services agreement until earlier of a transaction or liquidation. Why it matters: Investors must evaluate whether to extract the estimated $10.85 cash value immediately or retain exposure to a potential de-SPAC over the next year, knowing public warrants will expire worthless if no combination occurs by June 12, 2027. The sponsor's explicit strategy to buy public shares to engineer approval without proportionally draining the trust alters the effective capital structure and economic recovery for remaining shareholders. The proxy provides extensive U.S. federal income tax analysis, noting redemptions may be treated as taxable corporate distributions subject to complex Passive Foreign Investment Company (PFIC) excess distribution regimes rather than capital gains, heavily dependent on shareholder residency and constructive ownership. The document contains no claims regarding customer acquisitions, revenue generation, market sizing, strategic partnerships, technological developments, or pending litigation; all substantive content pertains to voting mechanics, trust distribution parameters, sponsor conduct, and regulatory/tax disclosures.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- not previously extracted2027-06-12
SpacBrain reads this as the agreement may be terminated from 2027-06-12.
The clause …“(an “initial business combination”) from June 12, 2026 (the “Current Outside Date”) to June 12, 2027 (or such earlier date as determined by the Company’s board of directors and included in a public announcement, the “Extended”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: SEC Schedule 13G/A — beneficial ownership report. The filing amendment identifies LMR Partners LLC, LMR Partners LLP, LMR PARTNERS Ltd, LMR Partners AG, LMR PARTNERS (DIFC) Ltd, LMR Partners (Ireland) Limited, Ben Levine, and Stefan Renold as reporting parties. The provided excerpt contains no share quantities, ownership percentages, acquisition dates, or explicit declarations of change from prior disclosures. Why it matters: Regarding Centurion Acquisition Corp.’s mechanics—its $10.89 trust/share value, 2027-06-12 deadline, SEARCHING status, and sponsor conduct—this filing provides no update on redemption windows, extension votes, or target acquisition progress. As a routine compliance exhibit documenting institutional portfolio positioning, it carries no direct operational weight for public shareholders evaluating redemptions or waiting periods, though sustained block ownership by LMR Partners affiliates and its principals may influence future market dynamics if the sponsor seeks consensus during the business combination process.
What changed: A routine compliance exhibit — a Schedule 13G beneficial ownership report filed by Barclays PLC under SEC document number 0000312069-26-000183. Barclays PLC confirmed its status as a reporting holder for Centurion Acquisition Corp. The submission discloses no alterations to redemption deadlines, trust share balances, extension provisions, target acquisition progress, or sponsor conduct. The provided text contains only the report designation, the accession number 0000312069-26-000183, and the holder identifier. Why it matters: Because Barclays PLC filed a Schedule 13G rather than a Schedule 13D, the filer represents its position as a passive investor without the intent to influence management, approve a business combination, or trigger control-related governance changes. As defined by Securities Exchange Act rules and represented by the registrant, this classification leaves the termination deadline, the per-share trust composition, and the sponsor’s unilateral ability to seek extensions or negotiate merger terms completely unaffected. No claims regarding customers, revenue, market size, technology, partnerships, litigation, or key personnel appear in the text.
What changed: A Schedule 13G/A beneficial ownership report filed to disclose Barclays PLC’s equity interest in Centurion Acquisition Corp., identified by SEC filing number [0000312069-26-000167]. According to the filing, Barclays PLC is designated as the reporting holder; the excerpt does not disclose specific share quantities, ownership percentages, transaction dates, or pricing. Consequently, the report does not modify redemption parameters, shift the documented $10.89 trust/share balance, extend the 2027-06-12 deadline, advance the target search, or reflect alterations in sponsor conduct. Why it matters: Attributed to Barclays PLC via the Schedule 13G/A, the submission functions as a routine compliance disclosure of institutional shareholding rather than an operational announcement. The filing makes no claims regarding customer bases, revenue streams, addressable market dimensions, strategic initiatives, technological assets, commercial partnerships, pending litigation, or executive personnel changes, thereby providing no actionable intelligence on deal progression or capital preservation beyond tracking third-party equity concentration.
What changed: This filing is a Schedule 13G/A submission accompanied by Exhibit 99 attachments consisting of two duplicate Powers of Attorney executed by The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC. These instruments appoint seventeen named individuals—Sadhiya Raffique, Santosh Vinayagamoorthy, D Guru Prasad, Tobi Amusan, Akash Keshari, Papa Lette, Andrzej Szyszka, Rahail Patel, Taiki Misu, Regina Chan, Mariana Audeves Martinez, Asheesh Bajaj, Abhilasha Bareja, Veronica Mupazviriwo, Sam Prashanth, Ameen Soetan, Abhishek Vishwanathan, Elizabeth Novak, and Matthew Pomfret—as attorneys-in-fact solely to execute and deliver SEC ownership filings (pursuant to Rule 13f-1 and Regulation 13D-G) on the firms’ behalf. The instruments were prepared and countersigned by Carey Ziegler, Managing Director, and are governed by New York law. The filing supersedes prior powers of attorney granted on July 29, 2024, and October 1, 2024. The updated appointments remain effective until July 16, 2026, or terminate automatically for any appointed attorney who leaves Goldman Sachs or ceases performing the associated function, while continuing in full force for all remaining signatories. The firms retain unrestricted unilateral revocation rights. Regarding Centurion Acquisition Corp. (ALF), the document reports zero changes to the redemption calendar, the disclosed trust value per share ($10.89), the proposed business combination deadline (2027-06-12), the issuer’s current classification (SEARCHING), or sponsor conduct. No amendments to beneficial ownership percentages, voting/economic interests, or proposal mechanisms are disclosed. Why it matters: As a routine administrative compliance exhibit updating internal signing authority, this filing carries no direct materiality for SPAC liquidity, trust administration, or corporate action timelines. It confirms that Goldman Sachs maintains its statutory reporting infrastructure through mid-2026 without signaling portfolio adjustments, tender intentions ahead of the 2027-06-12 horizon, or alterations to the SEARCHING mandate. The document contains no third-party assertions regarding customer contracts, revenue, market sizing, technology, partnerships, ongoing litigation, or executive personnel beyond the administrative appointees listed; all directives originate exclusively from Goldman Sachs entities via signatory Carey Ziegler. Investors tracking potential redemption waves, extension votes, or target acquisition announcements should monitor subsequent Schedules 13D/G, proxy materials, or Form 8-Ks rather than this procedural update.
What changed: Form 10-Q Quarterly Report. In the filing, management reports that the Trust Account balance increased to $310,895,976 ($10.81 per share), up from $308,174,127 ($10.72 per share) reported the prior quarter. Management discloses a working capital deficit of $101,340 and notes only $28,828 remains in operating cash. Explicitly in the 'Going Concern' section, management states that these liquidity conditions raise substantial doubt about the Company’s ability to continue as a going concern. The filing reiterates that the statutory deadline to consummate an initial Business Combination remains fixed at June 12, 2026, which places approximately three months on the clock from the report's filing date. Why it matters: Attributed to management disclosures, the proximity to the June 12, 2026 liquidation deadline combined with the explicit going concern warning and near-zero operating cash signals that an extension vote or merger announcement would be urgently required to avoid forced dissolution. For redemption-focused investors, the $10.81 trust floor suggests market pricing is reflecting current higher-yield trust environment assumptions, but the severe cash crunch dramatically elevates the probability that shares will be redeemed or liquidated rather than converted into a post-merger operating entity.
What changed vs 2025-11-13trust $305.2M → $310.9M +2%sponsor loan $25K → $5Ktrust account, sponsor loans outstanding, combination deadline +22 moved · 3 with no prior record of ours
- Trust account
- $305.2M$310.9M
- Sponsor loans outstanding
- $25K$5K
- Combination deadline
- 2026-06-12 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 28.8M · unchanged
SpacBrain reads this as $5,693,258 was added to the trust between the two filings.
The clause …“25,702 59,899 Total current assets 54,530 160,884 Marketable securities held in Trust Account 310,895,976 308,174,127 TOTAL ASSETS $ 310,950,506 $ 308,335,011 Liabilities, Shares Subject to Possible Redemption and Shareholders’”…
SpacBrain reads this as $20,000 of sponsor debt has come off.
The clause …“Due to Sponsor As of March 31, 2026 and December 31, 2025, the Company owed the Sponsor $ 5,000 , which is related to the Administrative Services Agreement. The amount due is non-interest bearing and due upon demand. Promissory”…
The clause …“doubt about our ability to continue as a going concern. We initially have until June 12, 2026 to consummate the initial Business Combination (assuming no extensions). It is uncertain that we will be able to consummate a”…
The clause …“in accordance with FASB ASC 205-40, “Presentation of Financial Statements-Going Concern,” the Company has incurred, and expects to continue to incur, significant costs in pursuit of its financing and acquisition plans. A working”…
The clause …“value; 200,000,000 shares authorized; none issued or outstanding (excluding 28,750,000 shares subject to possible redemption) as of March 31, 2026 and December 31, 2025 — — Class B Ordinary Shares, $ 0.0001 par value; 20,000,000”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Preliminary proxy statement (PRER14A), Amendment No. 1, soliciting shareholder votes at an Extraordinary General Meeting to approve a one-year extension of the business combination deadline and authorize meeting adjournment if necessary. Per the Board of Directors, the filing proposes amending the Amended and Restated Memorandum and Articles of Association to extend the initial business combination deadline from June 12, 2026 to June 12, 2027. Why it matters: This preliminary proxy statement establishes the immediate mechanical pathway for ALF investors to exit or remain invested beyond the original lifecycle. Approving the extension delays mandatory liquidation and preserves deal completion rights through June 12, 2027, while simultaneously opening a redemption window at the documented approximate $10.85 per share value.
What changed: Preliminary Proxy Statement (PRE 14A) for an Extraordinary General Meeting soliciting shareholder votes to amend the company's charter for a SPAC life extension and to authorize a meeting adjournment. The Company's board proposes extending the deadline to consummate an initial business combination from June 12, 2026, to [blank], 2027. To fund operations through the Extended Date, Centurion Sponsor LP has agreed to loan the Company an amount equal to $[blank] per public share outstanding after redemptions, up to a maximum aggregate amount of $[blank], documented by a non-interest-bearing, unsecured promissory note that is repayable only upon a successful combination or forfeited upon liquidation. The Board unanimously recommends a vote “FOR” the Extension Proposal and the Adjournment Proposal. Under Cayman Islands law, extension approval requires a special resolution (at least two-thirds of voting shares present), which translates to needing 16,770,834 public shares (approximately 58.3% of the 28,750,000 public shares) to vote “FOR” in addition to the 7,187,500 founder shares held by insiders. The adjournment proposal requires a simple majority, needing 10,781,250 public shares (37.5%). Public shareholders may demand redemption at any time, receiving cash equal to the trust account balance divided by outstanding shares, estimated at approximately $[blank] per share. Redemption requests require written submission and share tender to Continental Stock Transfer & Trust Company by 5:00 p.m. Eastern Time, two business days prior to the scheduled vote. Failure to approve the extension and no deal closing by June 12, 2026, triggers mandatory liquidation within ten business days, distributing trust funds net of taxes and up to $100,000 in liquidation expenses, with all warrants expiring worthless. Why it matters: This filing locks in the final countdown mechanics for Centurion, forcing investors to actively choose between preserving capital via early redemption or betting on sponsor-backed extension. The high affirmative vote threshold (58.3% of public shares) demonstrates that default liquidation is a credible risk unless insiders successfully persuade or acquire additional public votes, as sponsor-owned warrants lack voting rights at this stage. The use of a post-redemption sponsor loan instead of upfront cash deposits leaves the precise per-share payout exposed to ongoing operational costs, including the $10,000 monthly administrative payments specified in the sponsor agreement. Because the Board explicitly states there may not be sufficient time before June 12, 2026, and has not announced a target, the document confirms the SPAC remains in its search phase while granting management unilateral authority to shorten the Extended Date via public announcement. Shareholders must compare the current market trading prices against the approximate redemption price and evaluate whether the prospect of delayed liquidity outweighs the certainty of an imminent trust distribution or total warrant loss.
What changed: Form 10-K annual report for Centurion Acquisition Corp. covering the fiscal year ended December 31, 2025. Mechanics: Per management disclosures, the Trust Account balance stood at $308,174,127 ($10.72 per Public Share) as of December 31, 2025, maintained entirely in U.S. Treasury obligations and Rule 2a-7 money market funds. The completion deadline remains fixed at June 12, 2026, with no extension vote recorded and no amended charter proposed. Deal progress remains static: management reports zero operating revenues, no target business selected, and no definitive agreements executed. Regarding sponsor conduct, Centurion Sponsor LP transferred 30,000 Founder Shares to a newly appointed independent director on June 9, 2025, at a purchase price of $90, adding to prior transfers of 90,000 shares to three directors in May 2024. The Company accrued $5,000 in administrative fees owed to the Sponsor for office space and secretarial support, charging $10,000 monthly under a continuing services agreement. Other Substance: Chief Executive Officer Mark Gerhard and Principal Financial Officer Riaan Hodgson certified that disclosure controls and internal financial controls remained effective. Auditors WithumSmith+Brown, PC reported net income of $11,742,335 for the year, comprised of $12,368,584 in trust investment income net of $626,249 in operating and formation costs, leaving $100,985 in external cash and prompting a going concern qualification tied to the June 12, 2026 liquidation trigger. The filing also discloses $13,687,500 in deferred underwriting commissions payable to original underwriters upon a Business Combination and confirms no borrowings remained under the Sponsor's historical $300,000 promissory note or any unfunded $1,500,000 working capital loan facility. Why it matters: Attributed to management and audited disclosures, the $10.72 per-share trust value confirms automatic accretion shields principal from market depreciation but does not change the binary timeline governed by the unextended June 12, 2026 deadline. The static search status and $100,985 external cash balance signal reliance on the unfunded working capital loan facility to fund pre-deal overhead, meaning aggressive target pacing or unexpected litigation defense costs could accelerate trust withdrawals for taxes and dissolve expenses (capped at up to $100,000) before a merger closes. The sponsor’s director share transfers, executed at nominal prices, reflect performance-condition compensation that only realizes economic value upon successful Business Combination completion, aligning insider retention incentives with shareholder anti-redemption lockups. For public investors, the audit committee’s endorsement of control effectiveness paired with the going concern warning acts as a mechanical countdown: holding units past mid-2026 without an extension vote or merger announcement exposes positions to mandatory liquidation at the $10.72 redemption floor. Additionally, the $13,687,500 deferred underwriting liability creates structural friction for prospective acquirers, likely requiring larger PIPE injections or adjusted net-cash terms to preserve post-merger liquidity ahead of the expiration window.
What changed vs 2025-03-24trust $295.8M → $308.2M +4%going concern APPEAREDtrust account, going-concern doubt, combination deadline +22 moved · 3 with no prior record of ours
- Trust account
- $295.8M$308.2M
- Going-concern doubt
- not statedstated
- Combination deadline
- 2026-06-12 · unchanged
- Sponsor loans outstanding
- $5K · unchanged
- Redeemable shares
- 28.8M · unchanged
SpacBrain reads this as $12,368,165 was added to the trust between the two filings.
The clause …“activities. 55 As of December 31, 2025, we had marketable securities held in the Trust Account of $308,174,127 consisting of U.S. government treasury obligations with a maturity of 185 days or less or in money market funds”…
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause …“in accordance with FASB ASC 205-40, “Presentation of Financial Statements-Going Concern,” we have incurred and expect to continue to incur significant costs in pursuit of our financing and acquisition plans. A projected working”…
The clause …“in Note 1 to the financial statements, if the Company is unable to complete a business combination by June 12, 2026 then the Company will cease all operations except for the purpose of liquidating. The liquidity condition and the date”…
The clause …“of operations. Due to Sponsor As of December 31, 2025 and 2024, the Company owed the Sponsor $ 5,000 , related to the Administrative Services Agreement. The amount due is non-interest bearing and due upon demand. Promissory Note —”…
The clause …“value; 200,000,000 shares authorized; none issued or outstanding (excluding 28,750,000 shares subject to possible redemption) as of December 31, 2025 and 2024 — — Class B Ordinary Shares, $ 0.0001 par value; 20,000,000 shares”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: This document IS a Schedule 13G, identified in its own terms as a beneficial ownership report [0001062993-26-000983]. The text names HGC Investment Management Inc as the reporting holder and records the filing date as 2026-02-17, but discloses no share quantities, percentage thresholds, or transaction pricing. Accordingly, as stated in the document, there is no reported movement bearing on Centurion Acquisition Corp.'s search status, any referenced trust/shares valuation, the stated 2027-06-12 deadline, contemplated extensions, active deal progress, or sponsor conduct. Why it matters: Because the filing text contains no numerical holdings, acquisition details, or purpose-of-purchase language, it offers no substantively actionable insight for investors monitoring redemption windows, trust distribution mechanics, or upcoming shareholder votes. All observations regarding the submission's contents are attributed directly to the filed text, which functions purely as a routine compliance exhibit confirming identity rather than conveying strategic positioning or timeline implications until supplemental schedules or amendments are produced.
What changed: Form 10-Q (Quarterly Report). This is a routine SEC Form 10-Q quarterly compliance filing reporting Centurion Acquisition Corp.'s financial condition and operations for the period ended September 30, 2025. According to the Company's regulatory disclosures, the Trust Account balance increased to $305,202,718, establishing a per-share redemption value of $10.62 (up from $10.29 as of December 31, 2024), driven by nine-month investment income of $9,397,137 partially offset by operating and formation costs of $493,615. Management confirms the SPAC remains in a SEARCHING status with an initial business combination deadline of June 12, 2026. Material personnel and governance updates include the June 9, 2025 appointment of independent director Thomas Vu, who received 30,000 founder shares valued at $1.98 per share totaling $59,400. The Company accrued $25,000 in Sponsor administrative service fees (priced at $10,000/month), incurred $90,000 in such fees during the nine-month period, and maintains $13,687,500 in deferred underwriting fees payable upon deal closing. No working capital loans were drawn (capacity up to $1,500,000), and no extension requests were filed during the quarter. Why it matters: The $10.62 per-share trust floor dictates the minimum redemption price public shareholders face on any proposed merger or eventual liquidation. The confirmed June 12, 2026 completion deadline creates a compressed timeline for the sponsor to secure and close a target, request a shareholder extension vote, or trigger mandatory dissolution. The $13.69 million deferred underwriting liability and $10,000/month administrative fee represent fixed obligations that erode net deal economics relative to the trust principal. The director compensation structure (founder shares granted contingent on a business combination, valued via Monte Carlo assumptions at $1.98/share) ties key governance incentives directly to deal execution, which may influence timing preferences and target selection criteria. The absence of extension filings or working capital draws signals the sponsor is managing pre-combination burn using existing non-trust liquidity ($226,905 operating cash) while navigating a narrowing operational window.
What changed vs 2025-08-08trust $302.0M → $305.2M +1%sponsor loan $5K → $25Ktrust account, sponsor loans outstanding, combination deadline +22 moved · 3 with no prior record of ours
- Trust account
- $302.0M$305.2M
- Sponsor loans outstanding
- $5K$25K
- Combination deadline
- 2026-06-12 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 28.8M · unchanged
SpacBrain reads this as $3,165,179 was added to the trust between the two filings.
The clause “614 798,845 Long-term prepaid insurance — 52,380 Marketable securities and cash held in Trust Account 305,202,718 295,805,962 TOTAL ASSETS $ 305,541,332 $ 296,657,187 Liabilities and Shareholders’ Deficit: Current Liabilities Accounts”…
SpacBrain reads this as the sponsor has advanced $20,000 more.
The clause …“Due to Sponsor As of September 30, 2025 and December 31, 2024, the Company owed the Sponsor $ 25,000 and $ 5,000 , respectively, related to the Administrative Services Agreement. The amount is due is non-interest bearing and due upon”…
The clause …“the Company’s ability to continue as a going concern. The Company initially has until June 12, 2026, to consummate the initial Business Combination (assuming no extensions). It is uncertain that the Company will be able to consummate”…
The clause …“working capital of $ 232,995 . In connection with the Company’s assessment of going concern considerations in accordance with FASB ASC 205-40, “Presentation of Financial Statements-Going Concern,” management has determined that the”…
The clause …“value; 200,000,000 shares authorized; none issued or outstanding (excluding 28,750,000 shares subject to possible redemption) as of September 30, 2025 and December 31, 2024 — — Class B Ordinary Shares, $ 0.0001 par value; 20,000,000”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: A Schedule 13G beneficial ownership report [0001905106-25-000015] identifying Meteora Capital, LLC as the reporting holder. The filing discloses that Meteora Capital, LLC holds a reportable equity position in ALF. The provided excerpt contains no share count, ownership percentage, acquisition date, or investment purpose. It references none of the tracked mechanics: it mentions neither the $10.89 trust per share, the 2027-06-12 deadline, any proposed redemption behavior, extension votes, target acquisition progress, nor sponsor conduct changes. Why it matters: As a routine periodic beneficial ownership disclosure, the report does not advance ALF’s target search, alter investor redemption timelines, restructure the trust account, or signal operational developments. The filing makes no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. Without the full Schedule 13G body detailing share quantities, acquisition dates, and purpose statements, the document offers no actionable insight into deal completion risk or sponsor accountability.
What changed: A routine compliance exhibit: a Schedule 13G/A amendment accompanied by Exhibit A, a Joint Filing Agreement consolidating beneficial ownership reporting obligations for Centurion Acquisition Corp. (ALF) shares. This filing is strictly administrative. The signatories—Harraden Circle Investments, LLC, Harraden Circle Investors GP, LP, Harraden Circle Investors GP, LLC, Harraden Circle Investors, LP, Harraden Circle Special Opportunities, LP, Harraden Circle Strategic Investments, LP, and Frederick V. Fortmiller, Jr.—executed the agreement dated August 14, 2025, establishing that future Schedule 13D/13G statements regarding ALF shares will be filed jointly under Rule 13d-1(k), with Fortmiller, Jr. signing as Managing Member for all listed vehicles. It provides zero updates to Centurion Acquisition Corp.’s redemption deadline of 2027-06-12, the standing trust value of $10.89 per share, target search progress, or sponsor conduct. The document contains no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel changes. The only factual assertion is the procedural consolidation of existing disclosures across affiliated investment accounts. Why it matters: For investors tracking ALF, this confirms structural continuity in how the Harraden Circle complex reports its stake, rather than signaling a divergence in position, capital commitment, or control intent. Because the filing introduces no new purchase activity, disposition notices, bridge loans, or financing arrangements, it does not alter the pathway toward the 2027-06-12 liquidation horizon or impact the $10.89 per-share trust allocation maintained for public securities. Investors monitoring sponsor conduct observe no adverse behavioral signals; the execution merely reflects routine regulatory housekeeping aligned with pre-existing cross-entity ownership. While the filing adds no commercial or operational substance, its presence documents that the underlying ownership footprint remains consolidated under a single joint framework, preventing fragmented reporting and clarifying that no independent threshold breaches have occurred across the Harraden Circle family of funds.
What changed: Amendment to a Schedule 13G beneficial ownership report filed by Polar Asset Management Partners Inc. The provided excerpt names Polar Asset Management Partners Inc. as the filer submitting an amendment to a Schedule 13G. The text contains no share counts, percentage ownership levels, transaction dates, purchase or sale prices, or any statements addressing redemption deadlines, trust account value, extension motions, merger target progress, or sponsor actions. Why it matters: The document label indicates a Schedule 13G/A, which SEC practice treats as a disclosure that a beneficial owner has adjusted a previously reported position or crossed the 5% reporting threshold. Institutional position shifts of this nature affect public float composition and can signal changing sentiment ahead of any future proxy solicitation or tender offer. Because the excerpt supplies only the form designation and holder identity, the precise ownership delta, whether the holding now influences public float calculations, and any consequential pressure on the June 12, 2027 deadline or trust preservation remain unquantifiable until the complete amended schedule is examined.
What changed: A routine compliance exhibit attached to a Schedule 13G, specifically two Power of Attorney instruments executed by The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC. The Goldman Sachs entities have renewed internal delegation for regulatory filings. The instruments, dated July 16, 2025, and expiring July 16, 2026, appoint named employees—including Sadhiya Raffique, Santosh Vinayagamoorthy, D Guru Prasad, Tobi Amusan, Akash Keshari, Papa Lette, Andrzej Szyszka, Rahail Patel, Taiki Misu, Regina Chan, Mariana Audeves Martinez, Asheesh Bajaj, Abhilasha Bareja, Veronica Mupazviriwo, Sam Prashanth, Ameen Soetan, Abhishek Vishwanathan, Elizabeth Novak, and Matthew Pomfret—as attorneys-in-fact to execute Rule 13f-1 and Regulation 13D-G filings on their behalf. Signed by Carey Ziegler, Managing Director, the POAs supersede prior versions granted on July 29, 2024, and October 1, 2024. The filing contains absolutely no update to Centurion Acquisition Corp.’s redemption deadline of 2027-06-12, its $10.89 trust-per-share value, its SEARCHING status, extension mechanics, or sponsor conduct. Why it matters: The document makes no claims about target acquisition progress, customer relationships, revenue, market size, strategy, technology, partnerships, litigation, or executive commentary attributable to Centurion’s leadership, sponsors, or advisors. Attributed entirely to the signing authority, the instruments simply acknowledge New York governing law and the unrestricted right of unilateral revocation. As standardized administrative paperwork for exchange act reporting, it does not advance the SPAC’s deal timeline, alter redemption parameters, or provide actionable intelligence for investors monitoring conversion or termination events
What changed: A routine regulatory compliance exhibit (Schedule 13G/A amendment) reporting beneficial ownership of ALF common stock by MMCAP International Inc. SPC and MM Asset Management Inc. The filing identifies two institutional holders but supplies no share quantities, acquisition prices, voting thresholds, or transaction dates. Consequently, it contains no update to the stated 2027-06-12 redemption deadline, no revision to the reported $10.89 per-share trust balance, no extension proposals, no target acquisition milestones, and no commentary on sponsor conduct. The entity names originate solely from the self-filed Schedule 13G/A heading; no third-party assertions, operational claims, revenue metrics, market size estimates, technology disclosures, partnership announcements, litigation updates, or personnel movements are cited in the excerpt. Why it matters: Investors modeling the 2027-06-12 liquidation window or the $10.89 trust reserve will find this submission operationally neutral. Without disclosed position sizes or tender intentions, the amendment does not alter redemption probability estimates, dilution forecasts, or sponsorship action timelines. The presence of named investment managers confirms standard institutional reporting requirements, but absent threshold crossings or explicit business combination signals, the filing does not materially impact capital allocation assumptions relative to the existing baseline.
What changed: Form 10-Q (Quarterly Report) for the period ended June 30, 2025. Per the filing, the Trust Account balance stood at $302,037,539, translating to a per-share redemption value of $10.51 across the 28,750,000 Class A ordinary shares subject to possible redemption. Off-trust cash declined to $423,168, while the Company recorded a net income of $5,946,448 driven by $6,231,860 in trust interest and dividends, offset by $285,412 in operating expenses. On June 9, 2025, the board appointed Thomas Vu as a director, resulting in the transfer of 30,000 founder shares and his joinder to the Letter Agreement and Registration Rights Agreement. Note 1 explicitly cites June 12, 2026 as the 24-month liquidation trigger following the June 12, 2024 IPO close, with no formal extension mechanism detailed in this report. Why it matters: The filing documents $3,181,581 in carry accretion adding to the redemption pool, which directly supports maximum public shareholder payouts upon liquidation. However, management confirms the entity 'had not commenced any operations' and remains solely in target-search mode, meaning the $285,412 semiannual burn continues against a tight $423,168 off-trust liquidity buffer. The explicit reference to the June 12, 2026 exit threshold—rather than a prolonged or extended timeline—heightens execution urgency and underscores that all interim shareholder value currently derives exclusively from interest accumulation rather than deal progress or sponsor financing deployments.
What changed vs 2025-05-14trust $298.9M → $302.0M +1%going concern APPEAREDtrust account, going-concern doubt, combination deadline +22 moved · 3 with no prior record of ours
- Trust account
- $298.9M$302.0M
- Going-concern doubt
- not statedstated
- Combination deadline
- 2026-06-12 · unchanged
- Sponsor loans outstanding
- $5K · unchanged
- Redeemable shares
- 28.8M · unchanged
SpacBrain reads this as $3,181,581 was added to the trust between the two filings.
The clause “764 798,845 Long-term prepaid insurance — 52,380 Marketable securities and cash held in Trust Account 302,037,539 295,805,962 TOTAL ASSETS $ 302,617,303 $ 296,657,187 Liabilities and Shareholders’ Deficit: Current Liabilities Accounts”…
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause “14-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” management has determined that the mandatory liquidation and subsequent dissolution, should the Company be unable to complete a Business”…
The clause …“the Company’s ability to continue as a going concern. The Company initially has until June 12, 2026, to consummate the initial Business Combination (assuming no extensions). It is uncertain that the Company will be able to consummate”…
The clause …“Due to Sponsor As of June 30, 2025 and December 31, 2024, the Company owed the Sponsor $ 5,000 related to the Administrative Services Agreement. The amount is due is non-interest bearing and due upon demand. Promissory Note —”…
The clause …“value; 200,000,000 shares authorized; none issued or outstanding (excluding 28,750,000 shares subject to possible redemption) as of June 30, 2025 and December 31, 2024 — — Class B Ordinary Shares, $ 0.0001 par value; 20,000,000 shares”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: SEC Form 3, an initial statement of beneficial ownership of securities. This Form 3 identifies reporting person Vu Thomas Theodore, a director of Centurion Acquisition Corp., and explicitly states that no non-derivative transactions or holdings were reported. There are no mechanical updates regarding redemption deadlines, trust value per share, extension requests, merger target progression, or sponsor conduct. The filing contains no further substantive disclosures concerning customers, revenue streams, addressable markets, corporate strategy, technology assets, partnership arrangements, litigation exposure, or executive personnel shifts. Why it matters: Although the submission records zero equity movement, it formally establishes a compliance baseline for the named director, allowing investors to maintain an accurate insider registry ahead of any potential business combination vote. Because it reports no accumulated shares or derivative positions, it neither accelerates nor delays the current SEARCHING phase, leaves the existing deadline and trust composition undisturbed, and offers no behavioral or financial signals regarding sponsor execution. Routine ownership filings of this nature routinely lack near-term catalysts but remain structurally vital for transparency and regulatory tracking.
What changed: A routine compliance exhibit / current report (Form 8-K) documenting a director appointment and associated contractual arrangements. Under Item 5.02, the company reports appointing Thomas Vu as a Class II director on June 9, 2025, with his term set to expire at the third annual meeting. He executed an indemnity agreement, joined the existing Letter Agreement and Registration Rights Agreement, and received 30,000 founder shares from Centurion Sponsor LP. The company discloses no familial ties to existing leadership and confirms no side agreements conditioned his selection. Why it matters: The filing leaves ALF’s redemption calendar and trust mechanics untouched, with no changes to extension triggers or per-share trust values reported. It does, however, reshape the board’s composition ahead of a potential business combination. The company explicitly cites his background as justification for the appointment, highlighting his service on Riot Games’ M&A team evaluating external investments, his production credits on Netflix’s Arcane and League of Legends, and his prior design and production roles at Electronic Arts across The Sims 2, SimCity 4, and Spore. Governance shifts of this kind rarely move short-term valuation metrics but provide transparency on sector targeting and sponsor alignment during the search period.
What changed: SEC Form 4 — Statement of Changes in Beneficial Ownership reporting insider securities dispositions. Per the filing, on June 9, 2025, Centurion Sponsor LP, Centurion Sponsor GP LLC, and Director/President David Gomberg disposed of 30,000 shares at $90. Following the event, the reporting persons hold 7,067,500 shares. This transaction alters sponsor ownership concentration but does not adjust the $10.89 trust/share balance, the June 12, 2027 combination deadline, or the SPAC’s SEARCHING designation. Why it matters: Sponsor liquidation activity reflects internal portfolio management or capital allocation decisions rather than deterioration of the target search process. The $90 per-share disposition price diverges significantly from the reported $10.89 trust/reference value, suggesting a negotiated transfer, convertible/warrant exercise, or off-market block pricing; however, the filing categorizes the action as “other” and provides no explanatory footnote or pricing methodology. Retention of 7,067,500 shares preserves meaningful sponsor alignment ahead of the extended deadline. The document contains no additional operational, commercial, strategic, customer, revenue, partnership, litigation, or personnel disclosures beyond this routine compliance entry.
What changed: A Joint Filing Agreement (Exhibit A) submitted with a Schedule 13G beneficial ownership report, establishing that Harraden Circle investment entities and Frederick V. Fortmiller, Jr. will file collectively pursuant to Rule 13d-1(k) under the Securities Exchange Act of 1934. The provided text contains only the procedural agreement and signature blocks dated May 16, 2025. It discloses zero changes to share quantities, ownership percentages, or stated acquisition intent. It contains no figures, statements, or disclosures bearing on trust account balances, redemption mechanics, extension votes, merger target development, or sponsor conduct. Why it matters: This submission functions exclusively as an administrative compliance vehicle for affiliated investors. For traders tracking ALF’s capital structure, it provides no intelligence on redemption pressure, trust depletion rates, or management’s search timeline. Without the accompanying Schedule 13G body detailing actual position sizes, the relationship between the signatories and Centurion Acquisition Corp.’s sponsor team, or whether the holdings constitute passive exposure or active involvement, the filing cannot inform liquidity forecasting, valuation modeling, or governance risk scoring. Procedural joint filings routinely reset regulatory clocks but carry no direct weight on SPAC exit events or corporate action catalysts.
What changed: Schedule 13G/A amendment reporting beneficial ownership. The provided excerpt identifies three AQR Capital Management affiliates as filers but supplies no share quantities, ownership percentages, transaction dates, or purpose statements. Consequently, there is no reportable adjustment to voting or investment power, no indication of share purchases or sales relevant to ALF’s redemption mechanics, trust value, extension deadline, or target acquisition progress, and no commentary on sponsor conduct. Why it matters: A Schedule 13G/A updates prior regulatory disclosures when a filer crosses or maintains the 5% beneficial ownership threshold, or corrects a prior entry. Because the excerpt lacks the required Item 4 disclosure, the associated holding table, and the explicit reason for the amendment, it does not demonstrate a meaningful shift in institutional positioning that would create shareholder redemption pressure, influence merger negotiations, or alter ALF’s 2027 redemption calendar. For tracking purposes, investors should review the complete filing to determine whether the amendment reflects routine portfolio rebalancing, a passive stake declaration, or an active accumulation strategy.
What changed: Quarterly Report (Form 10-Q) for the period ended March 31, 2025. The Trust Account accrued $3,049,996 in interest, raising the per-share redemption value from $10.29 to $10.40. Outside-the-trust administrative burn was $149,866, leading to $173,170 in net cash outflows. Management confirms the company remains in the search phase with no targeted acquisition or operational revenue. Why it matters: Mechanical trust accretion steadily increases the eventual cash payout per public share above the $10.00 initial capitalization, offsetting long-term dilution from offering and underwriting costs. With consistent quarterly administrative spending and zero deal activity reported, the filing indicates standard pre-deadline maintenance rather than any transaction milestone that would accelerate or alter the redemption calendar.
What changed vs 2024-11-12trust $292.4M → $298.9M +2%trust account, combination deadline, sponsor loans outstanding +11 moved · 3 with no prior record of ours
- Trust account
- $292.4M$298.9M
- Combination deadline
- 2026-06-12 · unchanged
- Sponsor loans outstanding
- $5K · unchanged
- Redeemable shares
- 28.8M · unchanged
SpacBrain reads this as $6,429,120 was added to the trust between the two filings.
The clause “98,845 Long-term prepaid insurance 23,099 52,380 Cash and marketable securities held in Trust Account 298,855,958 295,805,962 TOTAL ASSETS $ 299,561,536 $ 296,657,187 Liabilities and Shareholders’ Deficit: Current Liabilities Accounts”…
The clause …“bank account and working capital of $ 553,427 . The Company initially has until June 12, 2026, to consummate the initial Business Combination (assuming no extensions). If the Company does not complete a Business Combination, the”…
The clause …“Due to Sponsor As of March 31, 2025 and December 31, 2024, the Company owed the Sponsor $ 5,000 related to the Administrative Services Agreement. The amount is due is non-interest bearing and due upon demand. Related Party Loans”…
The clause …“value; 200,000,000 shares authorized; none issued or outstanding (excluding 28,750,000 shares subject to possible redemption) as of March 31, 2025 and December 31, 2024 — — Class B Ordinary Shares, $ 0.0001 par value; 20,000,000”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Amended Schedule 13G beneficial ownership report. This document is an amended Schedule 13G disclosing updated beneficial ownership positions for Centurion Acquisition Corp. (ALF) by MMCAP International Inc. SPC and MM Asset Management Inc. The submitted excerpt contains only the filer designations and filing identifier. It reports no share quantities, percentage stakes, acquisition dates, cost basis, or prior-versus-current holding comparisons. Consequently, the filing discloses nothing regarding the SPAC’s $10.89 trust per share, the 2027-06-12 business combination deadline, any proposed extension mechanics, redemption activity, target identification progress, or sponsor conduct. Why it matters: Schedule 13G amendments formally register when institutional investors hold or adjust positions crossing reportable regulatory thresholds. For a SPAC in the SEARCHING phase, these disclosures help map where passive or long-only capital is stationed relative to the mid-2027 redemption horizon. Because this excerpt omits percentage allocations, voting instructions, and stated investment strategies, the filing establishes baseline institutional registration but does not independently alter capital conservation calculus, influence extension voting dynamics, or signal active deal pursuit.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.