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Centurion Acquisition Corp. (NASDAQ:ALFU), a $381 million market cap public investment vehicle trading near its 52-week high at $10.69, announced on Monday the appointment of Thomas Vu to its board of directors. According to InvestingPro analysis, the company maintains strong financial health with a current ratio of 5.29, indicating robust liquidity management. Vu will serve as a Class II director with his term set to expire at the company’s third annual meeting of shareholders. According to the company’s announcement, Vu qualifies as an "independent director" under Nasdaq’s listing rules.
Vu brings a wealth of experience to Centurion’s board, having been involved with prominent gaming companies. Since May 2025, he has been on the board of Jagex Limited and since June 2023, Behavior Interactive. With the company trading at a P/E ratio of 28.2, InvestingPro subscribers can access additional valuable metrics and insights about Centurion’s valuation and growth potential. Previously, Vu spent a decade at Riot Games, where he held multiple roles, including product director and executive producer of the acclaimed game League of Legends and the Netflix (NASDAQ:NFLX) animated series Arcane. His career in the video game industry began at Electronic Arts Inc . (NASDAQ:EA), where he contributed to several successful titles.
In connection with his appointment, Vu entered into an indemnity agreement with Centurion, providing him with contractual indemnification rights. He also joined the letter agreement with the company’s sponsor, Centurion Sponsor LP, and other officers and directors, as well as a registration rights agreement in relation to Centurion’s public offering.
Furthermore, Vu will receive 30,000 founder shares from Centurion Sponsor LP as part of his board compensation. The company’s stock has shown relatively low volatility, with InvestingPro data indicating a 6.58% total return over the past year. The company disclosed that there are no other arrangements or understandings between Vu and any other persons, nor are there any family relationships between Vu and any other directors or executive officers of the company. Additionally, Vu does not have any material interest in any transaction that would require disclosure under SEC regulations.
This board appointment follows the company’s procedures and governance guidelines, and the information is based on a press release statement from Centurion Acquisition Corp.
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