Centurion Acquisition Corp

For the period ended Sep 30, 2024. Filed Nov 12, 2024.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Nov 12, 2024

ALF$10.95+0.3%Stored close · as of Nov 10, 2026

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Contents

Condensed Balance Sheet as of September 30, 2024 (Unaudited)

CONDENSED BALANCE SHEET

SEPTEMBER 30, 2024

Assets
Current assets
Cash	$781,921
Prepaid expenses	144,904
Total current assets	926,825
Long-term prepaid insurance	82,312
Cash and marketable securities held in Trust Account	292,426,838
TOTAL ASSETS	$293,435,975
Liabilities and Shareholders’ Deficit:
Current Liabilities
Accounts payable and accrued expenses	$99,618
Advances from related parties	24,084
Due to Sponsor	5,000
Total current liabilities	128,702
Deferred underwriting fee payable	13,687,500
TOTAL LIABILITIES	13,816,202
Commitments and Contingencies
Class A ordinary shares subject to possible redemption, 28,750,000 shares at redemption value of $10.17 per share	292,426,838
Shareholders’ Deficit
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding	—
Class A ordinary shares, $0.0001 par value; 200,000,000 shares authorized; none issued or outstanding (excluding 28,750,000 shares subject to possible redemption)	—
Class B ordinary shares, $0.0001 par value; 20,000,000 shares authorized; 7,187,500 shares issued and outstanding	719
Additional paid-in capital	—
Accumulated deficit	(12,807,784)
Total Shareholders’ Deficit	(12,807,065)
Total Liabilities and Shareholders’ Deficit	$293,435,975

CONDENSED STATEMENTS OF OPERATIONS

	For the Three Months Ended September 30,	For the Period from January 18, 2024 (Inception) through September 30,
	2024	2024
Operating and formation costs	$185,305	$313,104
Loss from operations	(185,305)	(313,104)
Other income
Interest earned on cash and marketable securities held in Trust Account	4,234,534	4,927,031
Other income	4,234,534	4,927,031
Net income	$4,049,229	$4,613,927
Weighted average shares outstanding, Class A ordinary shares subject to possible redemption	28,750,000	12,417,315
Basic and diluted net income per share, Class A ordinary shares subject to possible redemption	$0.11	$0.24
Weighted average shares outstanding, Class B non-redeemable ordinary shares	7,187,500	6,654,912
Basic and diluted net income per share, Class B non-redeemable ordinary shares	$0.11	$0.24

CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS’ DEFICIT

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2024 AND

FOR THE PERIOD FROM JANUARY 18, 2024 (INCEPTION) THROUGH SEPTEMBER 30, 2024

Class A Ordinary Shares · Class B Ordinary Shares · Additional Paid-in · Accumulated · Total Shareholders’
	Shares	Amount	Shares	Amount	Capital	Deficit	Deficit
Balance — January 18, 2024	—	$—	—	$—	$—	$—	$—
Issuance of Class B ordinary shares to Sponsor	—	—	7,187,500	719	24,281	—	25,000
Net loss	—	—	—	—	—	(47,487)	(47,487)
Balance – March 31, 2024	—	$—	7,187,500	$719	$24,281	$(47,487)	$(22,487)
Sale of 7,000,000 Private Placement Warrants	—	—	—	—	7,000,000	—	7,000,000
Fair Value of Public Warrants at issuance	—	—	—	—	1,150,000	—	1,150,000
Allocated value of transaction costs to Class A shares	—	—	—	—	(97,765)	—	(97,765)
Accretion for Class A ordinary shares subject to redemption amount	—	—	—	—	(8,076,516)	(13,187,370)	(21,263,886)
Net income	—	—	—	—	—	612,185	612,185
Balance – June 30, 2024	—	$—	7,187,500	$719	$—	$(12,622,672)	$(12,621,953)
Accretion for Class A ordinary shares subject to redemption amount	—	—	—	—	—	(4,234,341)	(4,234,341)
Net income	—	—	—	—	—	4,049,229	4,049,229
Balance – September 30, 2024	—	$—	7,187,500	$719	$—	$(12,807,784)	$(12,807,065)

CONDENSED STATEMENT OF CASH FLOWS

FOR THE PERIOD FROM JANUARY 18, 2024 (INCEPTION) THROUGH SEPTEMBER 30, 2024

Cash Flows from Operating Activities:
Net income	$4,613,927
Adjustments to reconcile net income to net cash used in operating activities:
Payment of formation costs through promissory note	8,667
Payment of operating costs through promissory note	327,200
Interest earned on marketable securities held in Trust Account	(4,926,838)
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	(200,416)
Accounts payable and accrued expenses	99,618
Advances from related parties	24,084
Due to Sponsor	5,000
Net cash used in operating activities	(48,758)
Cash Flows from Investing Activities:
Investment of cash in Trust Account	(287,500,000)
Net cash used in investing activities	(287,500,000)
Cash Flows from Financing Activities:
Proceeds from sale of Units, net of underwriting discounts paid	282,500,000
Proceeds from sale of Private Placements Warrants	7,000,000
Repayment of promissory note - related party	(1,109,683)
Payment of offering costs	(59,638)
Net cash provided by financing activities	288,330,679
Net Change in Cash	781,921
Cash – Beginning of period	—
Cash – End of period	$781,921
Non-Cash investing and financing activities:
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
Offering costs charged to shareholders’ deficit	$23,015
Deferred underwriting fee payable	$13,687,500

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.