Centurion Acquisition Corp is a SPAC with no operations or revenue. Centurion raised $287.5M in its June 2024 IPO, and those proceeds sit in a trust account invested in U.S. Treasuries while management searches for an acquisition target. Centurion is focused on the digital technology sector, targeting companies with proprietary IP, AI, or cybersecurity technology that are profitable or near-profitable with scalable platforms. Centurion has until approximately June 2026 to complete a Business Combination, or it must return the trust to public shareholders at roughly $10.00 per share plus interest. The sponsor, Centurion Sponsor LP, received 7,187,500 Founder Shares for a nominal $25,000 investment — representing 20% of post-IPO shares — which convert to equity in the combined company if a deal closes. The sponsor also purchased 7M Private Placement Warrants for $7M, exercisable at $11.50 per share. This structure creates an inherent incentive for the sponsor to complete a deal, since failure leaves both the Founder Shares and warrants worthless. Public shareholders bear little downside, as they can redeem at approximately $10.00 per share regardless of how they vote on any proposed deal, and only profit if they hold through a Business Combination and the combined company trades above $10.00.