Form 4: Centurion Acquisition Corp. Insider Share Conversion

Centurion Sponsor LP converted 7,067,500 Class B Ordinary Shares into Class A Ordinary Shares on June 8, 2026.

Summary

• Centurion Sponsor LP, a 10% owner and director of Centurion Acquisition Corp., executed a conversion of 7,067,500 Class B Ordinary Shares into Class A Ordinary Shares.
• The conversion occurred on June 8, 2026, on a one-for-one basis as permitted by the company's governing documents.
• No additional consideration was paid for this conversion.
• David Gomberg, as manager of the general partner, maintains voting and investment discretion over these securities.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative event regarding internal share class conversion with no immediate impact on company operations.

Positives

• The conversion reflects internal alignment and long-term commitment from the sponsor group.
• The transaction was executed according to pre-existing, transparent provisions in the company's Articles of Association.

Negatives

• None identified; this is a standard administrative conversion of share classes.

Risks

• The conversion increases the number of outstanding Class A Ordinary Shares, which may impact future earnings per share calculations.
• The reporting persons maintain significant control as 10% owners and directors, which may influence corporate decision-making.

Future Outlook

The filing does not provide forward-looking financial guidance, focusing strictly on the disclosure of beneficial ownership changes.

Management Comments

• The conversion was performed pursuant to the Issuer's Amended and Restated Memorandum and Articles of Association.

Industry Context

StockSavvy.ai notes that this is a routine administrative filing common among Special Purpose Acquisition Companies (SPACs) where sponsors convert founder shares into public-facing equity as part of standard capital structure management.

Comparison to Industry Standards

• The conversion mechanism is standard for SPAC structures where Class B 'founder' shares are convertible to Class A shares upon specific triggers or at the holder's discretion.
• The disclosure follows standard SEC Section 16(a) reporting requirements for beneficial owners.

Related Party Transactions

• Centurion Sponsor LP is the record holder, with Centurion Sponsor GP LLC as the general partner and David Gomberg as the manager.

Stakeholder Impact

• Shareholders should note the change in share class composition, though the total economic interest of the sponsor remains unchanged.

Next Steps

• Continued monitoring of insider trading activity and potential future sales of the newly converted Class A shares.

Key Dates

Keywords

Centurion Acquisition Corp, ALF, Form 4, Share Conversion, Insider Ownership, Class A Ordinary Shares, Sponsor