Financial Performance - For the three months ended September 30, 2024, the company reported a net income of $4,049,229, primarily from interest income on marketable securities of $4,223,192[93]. - From January 18, 2024, through September 30, 2024, the company achieved a net income of $4,613,927, with interest income of $4,927,031[94]. Initial Public Offering - The company completed its Initial Public Offering on June 12, 2024, raising gross proceeds of $287,500,000 from the sale of 28,750,000 Units[95]. - The company incurred $19,500,452 in costs related to the Initial Public Offering, including $5,000,000 in cash underwriting fees[97]. Marketable Securities and Trust Account - As of September 30, 2024, the company held marketable securities in the Trust Account totaling $292,426,838, including $4,927,031 of interest income[100]. - The company intends to use funds held in the Trust Account primarily to complete its Business Combination and for working capital of the target business[100]. Cash and Financing - Cash used in operating activities from January 18, 2024, through September 30, 2024, was $48,758, with net income affected by formation and operating costs[99]. - The company has cash of $781,921 available for identifying and evaluating target businesses[101]. - The company may need additional financing to complete its Business Combination or to address potential redemptions of Public Shares[103]. Debt and Liabilities - The company has no long-term debt or off-balance sheet arrangements as of September 30, 2024[104].
Centurion Acquisition Corp.(ALFUU) - 2024 Q3 - Quarterly Report