Centurion Acquisition(ALFUU), a special purpose acquisition company (SPAC) targeting the technology industrystreppoker.US) filed an initial public offering (IPO) application with the US Securities and Exchange Commission on Wednesdaystreppoker, plans to raise US$250 million.

The New York-based company plans to raise $250 million by issuing 25 million units at $10 per share. Each unit consists of one common share and half of the warrants, with an exercise price of $11.50. Based on the proposed deal size, the market value of Centurion Acquisition would reach US$313 million.

It is understood that the company is led by Mark Gerhard, CEO and director, CEO and CTO of video game developer and publisher JustWontDie, Riaan Hodgson, chief operating officer and director, chief financial officer and chief operating officer of JustWontDie, and David Gomberg, co-founder, president and director of JustWontDie. The SPAC plans to target the technology industry, focusing on areas such as video games, interactive entertainment and enabling services and technologies, as well as cybersecurity.

Other SPACs under the company's management include Ascendant Digital Acquisition III(the company liquidated in February), Ascendant Digital Acquisition II(application filed in early 2021 but withdrawn in early 2022), and Ascendant Digital Acquisition(the company merged with financial research platform MarketWise(MKTW.US) in 2021).

Centurion Acquisition was established in 2024 and plans to list on Nasdaq under the ticker symbol ALFUU. The company secretly submitted the application on February 16, 2024. Cantor Fitzgerald was the sole bookrunner for the transaction.