ILLU · Illumination Acquisition Corp I Class A Ordinary Shares

Summary

Illumination Acquisition Corp I consummated its IPO of 23,000,000 units at $10.00 per unit, generating $230,000,000 in gross proceeds, including full exercise of the 3,000,000 unit over-allotment option. Simultaneously, it closed a private placement of 625,000 units for $6,250,000, with $230,000,000 placed in trust.

Key takeaways

• IPO closed March 2, 2026: 23,000,000 Units at $10.00 each for $230,000,000 gross proceeds
• Included 3,000,000 Units from full underwriter over-allotment
• Private Placement: 625,000 Units at $10.00 each for $6,250,000 to Sponsor (395,000) and BTIG (230,000)
• Each Unit: 1 Class A ordinary share + 1/3 redeemable warrant (exercisable at $11.50/share)
• Trust Account: $230,000,000 at $10.00 per public Unit
• Units trading on Nasdaq as ILLUU