Here are the 10-Q quarterly reports from Illumination Acquisition Corp I (ILLU) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ILLU and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ILLU filings page.
Illumination Acquisition Corp. I (ILLU) reported net income of $2,005,956 for the three months ended August 31, 2026. This comprised $2,091,821 in trust-account interest, $69,000 in referral fee income and $5,145 in bank interest, less $160,010 in formation, general and administrative costs. At quarter-end, cash equivalents were $819,260, working capital surplus was $740,381, and the trust account held $234,129,285 in money market funds invested primarily in U.S. Treasury securities.
The blank-check company completed its IPO on March 2, 2026, selling 23,000,000 units at $10.00 each for gross proceeds of $230,000,000; $230,000,000 was placed in the trust account. It is seeking a business combination, and its 24-month completion window ends March 2, 2028, unless shareholders approve an extension. Public shareholders may redeem shares in connection with a combination.
Management determined that liquidity is insufficient to sustain operations for a reasonable period, considered to be at least one year from issuance of the statements, raising substantial doubt about the company’s ability to continue as a going concern. If it does not complete a business combination within the completion window, it will cease operations except to liquidate. Management plans to complete a combination before then, but says there is no assurance its plans will succeed.
Illumination Acquisition Corp I, a Cayman Islands blank check company, reported net income of $1,925,144 for the quarter ended May 31, 2026, driven mainly by $2,037,464 of interest on investments in its trust account and $69,000 of referral fee income, partially offset by formation and administrative costs.
On March 2, 2026, it completed an IPO of 23,000,000 units at $10.00 each and a concurrent private placement of 625,000 units at $10.00, raising gross proceeds of $230,000,000 and $6,250,000, respectively. As of May 31, 2026, $232,037,464 was held in a trust account, while cash and cash equivalents outside the trust totaled $824,832, resulting in working capital of $810,621.
The company must complete an initial business combination within 24 months of the IPO closing or redeem its public shares. At May 31, 2026, 23,000,000 Class A ordinary shares were classified as subject to possible redemption at a recorded redemption value of $10.09 per share. The company states it does not expect to need additional funding for ongoing operating costs as it evaluates potential merger targets.