05:35 AM EDT, 06/11/2024 (MT Newswires) -- Centurion Acquisition Corp. (ALF) said on Monday that it priced its initial public offering of 25 million units at $10 per unit.

Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable to buy one Class A ordinary share at a price of $11.50 per share.

The units will be listed on the Nasdaq Global Market and will trade under the ticker symbol "ALFUU" from Tuesday. The offering is expected to close on Wednesday.

Once the securities comprising the units start trading separately, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols "ALF" and "ALFUW," respectively.

The company also granted the underwriters a 45-day option to buy up to an additional about 3.8 million units at the IPO price to cover possible over-allotments.