Centurion Acquisition Corp. (ALFUU) priced its SPAC IPO of 25.0 million units at $10.00 each – the terms in the prospectus – to raise $250.0 million on Monday night, June 10, 2024. Each unit consists of one Class A share of common stock and one-half warrant. Centurion Acquisition’s stock rose in its NASDAQ debut to open at $10.05 – up 5 cents – at 11:14 a.m. EDT on volume about 3.02 million shares.
Cantor served as the sole book-runner.
New York-based Centurion Acquisition will search for companies involved in video gaming, interactive entertainment and enabling services and technologies, cybersecurity, artificial intelligence (AI), machine learning, Software as a Service (“SaaS”) and deep tech technologies, the prospectus said.
Centurion Acquisition is the second SPAC IPO priced so far in June 2024.
On Friday, June 7, Chenghe Acquisition II Corp.(CHEB.U) announced the pricing of its $75 million SPAC IPO – 7.5 million units at $10.00 each – and made its debut the same day on the NYSE – American Exchange. Each unit consisted of one Class A share of common stock and one-half of a redeemable warrant. Cohen & Company Capital Markets was the lead book-running manager of Chenghe II’s SPAC IPO.
Chenghe Acquisition II, based in Singapore, will focus on Asia in its search for a target company, the prospectus says.
In its first day of trading, Chenghe Acquisition II traded in the narrow band that’s typical of a SPAC – opening at $10.04 on the NYSE – American Exchange, touching an intraday high of $10.05, slipping to an intraday low of $10.02 and closing on Friday, June 7, at $10.03 on volume of 6,569,229 shares.
Bankers have priced 11 SPAC IPOs so far in 2024.
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