SCHEDULE 13G/A: Goldman Sachs Discloses 3.0% Passive Stake in Centurion Acquisition Corp.
Beneficial Ownership Amendment
The Goldman Sachs Group, Inc. and its subsidiary Goldman Sachs & Co. LLC have filed an amended Schedule 13G, reporting a passive beneficial ownership of 3.0% in Centurion Acquisition Corp.'s Class A ordinary shares as of December 31, 2024.
Summary
- The Goldman Sachs Group, Inc. and its subsidiary, Goldman Sachs & Co. LLC, have filed an Amendment No. 1 to Schedule 13G.
- The filing reports beneficial ownership of 872,726 Class A ordinary shares, par value $0.0001 per share, in Centurion Acquisition Corp.
- This represents 3.0% of the Class A ordinary shares outstanding.
- The shares are held with shared voting power and shared dispositive power by both reporting entities.
- The filing indicates that the securities were acquired and are held in the ordinary course of business, without the purpose or effect of changing or influencing control of the issuer.
- The Goldman Sachs Group, Inc. is identified as a parent holding company and corporation, while Goldman Sachs & Co. LLC is a broker or dealer, investment adviser, and other organization.
Sentiment
Score: 5
Explanation: The document is a factual regulatory filing (Schedule 13G Amendment) disclosing beneficial ownership. It contains no forward-looking statements, financial performance data, or strategic updates that would indicate a positive or negative sentiment regarding the issuer's operations or outlook. The sentiment is neutral as it is purely informational.
Future Outlook
NA
Industry Context
This filing is a routine disclosure by a major financial institution, Goldman Sachs, regarding its passive investment holdings in a Special Purpose Acquisition Company (SPAC), Centurion Acquisition Corp. Such disclosures are standard practice for institutional investors to maintain transparency regarding their equity stakes, particularly when they cross certain ownership thresholds or make annual updates.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Attorney-in-fact for The Goldman Sachs Group, Inc. | Abhishek V, Kateryna Osmachko, Ameen Soetan, Kshama Mishra, Papa Lette, Sunaina Kapoor, and Andrzej Szyszka (from Feb 9, 2024 POA) | Papa Lette, Akash Keshari, Regina Chan, Andrzej Szyszka, Ameen Soetan, Rahail Patel, Santosh Vinayagamoorthy, Sadhiya Raffique, Matthew Pomfret, Abhishek Vishwanathan, Mariana Audeves, Veronica Mupazviriwo, Elizabeth Novak and Sam Prashanth | 2024-07-29 | Superseded previous Power of Attorney, updating the list of authorized individuals to execute SEC filings on behalf of The Goldman Sachs Group, Inc. |
| Attorney-in-fact for GOLDMAN SACHS & CO. LLC | Abhishek V, Kateryna Osmachko, Ameen Soetan, Kshama Mishra, Papa Lette, Sunaina Kapoor, and Andrzej Szyszka (from Dec 1, 2023 POA) | Papa Lette, Akash Keshari, Regina Chan, Andrzej Szyszka, Ameen Soetan, Rahail Patel, Santosh Vinayagamoorthy, Sadhiya Raffique, Matthew Pomfret, Abhishek Vishwanathan, Mariana Audeves Martinez, Veronica Mupazviriwo, Elizabeth Novak and Sam Prashanth | 2024-10-01 | Superseded previous Power of Attorney, updating the list of authorized individuals to execute SEC filings on behalf of Goldman Sachs & Co. LLC. |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Update | The Goldman Sachs Group, Inc. issued a new Power of Attorney, superseding the one dated February 9, 2024, to update the list of individuals authorized to execute SEC filings. | 2024-07-29 | Enhances internal governance by formalizing and updating the delegation of authority for SEC filing execution within The Goldman Sachs Group, Inc. |
| Power of Attorney Update | Goldman Sachs & Co. LLC issued a new Power of Attorney, superseding the one dated December 1, 2023, to update the list of individuals authorized to execute SEC filings. | 2024-10-01 | Enhances internal governance by formalizing and updating the delegation of authority for SEC filing execution within Goldman Sachs & Co. LLC. |
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's passive stake in Centurion Acquisition Corp.
Key Dates
| Date | Description |
|---|---|
| 2023-12-01 | Previous Power of Attorney granted by GOLDMAN SACHS & CO. LLC was superseded. |
| 2024-02-09 | Previous Power of Attorney granted by THE GOLDMAN SACHS GROUP, INC. was superseded. |
| 2024-07-29 | Date of signing for the Power of Attorney for The Goldman Sachs Group, Inc., effective until July 29, 2025. |
| 2024-10-01 | Date of signing for the Power of Attorney for Goldman Sachs & Co. LLC, effective until October 1, 2025. |
| 2024-12-31 | Date of event which requires filing of this statement (reporting period end). |
| 2025-01-28 | Date of certification and joint filing agreement for the Schedule 13G Amendment. |
Keywords
Centurion Acquisition Corp., Goldman Sachs Group Inc., Goldman Sachs & Co. LLC, Schedule 13G, Beneficial Ownership, Class A ordinary shares, SEC filing, Passive Investment, Institutional Investor
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