Welcome to our dedicated page for Illumination Acquisitio I news (Ticker: ILLUU), a resource for investors and traders seeking the latest updates and insights on Illumination Acquisitio I stock.
Illumination Acquisition Corp I reports company developments tied to its SPAC structure, including shareholder voting matters, governance updates and capital-structure disclosures. News about ILLUU centers on the unit security, related Class A ordinary shares and redeemable warrants, and the corporate actions that define the issuer before any completed business combination.
Recurring updates also cover security-structure matters and public-company governance for the Cayman Islands blank-check issuer listed on Nasdaq.
Illumination Acquisition Corp I (Nasdaq: ILLUU) closed its initial public offering of 23,000,000 units at $10.00 per unit, including full exercise of a 3,000,000 unit over‑allotment, raising gross proceeds of $230,000,000 on March 2, 2026.
Each unit comprises one Class A ordinary share and one‑third of a redeemable warrant; concurrent private placement of 625,000 units raised $6,250,000. The company placed $230,000,000 in trust and listed units on Nasdaq on February 27, 2026.
Illumination Acquisition Corp I (NASDAQ:ILLUU) priced a $200,000,000 IPO of 20,000,000 units at $10.00 per unit, expected to begin trading under ILLUU on February 27, 2026 and to close March 2, 2026, subject to customary conditions.
Each unit includes one Class A ordinary share and one-third of a redeemable warrant (whole warrants exercisable at $11.50). The underwriters received a 45-day option for 3,000,000 additional units.