other material
confidence high
sentiment neutral
materiality 0.75
Illumination Acquisition Corp I prices $200M IPO at $10/unit, targeting nuclear, AI, tech
Illumination Acquisition Corp. I
- IPO of 20M units at $10.00 each raises $200M; units begin trading Feb 27 under 'ILLUU'.
- Each unit = 1 Class A share + 1/3 warrant at $11.50; separate trading later for ILLU and ILLUW.
- Underwriters have 45-day option to purchase up to 3M additional units to cover over-allotments.
- Company to pursue business combination in nuclear, AI/HPC, technology, industrial growth, financial services.
- Board appoints four independent directors, including committee chairs, effective with IPO closing.