Illumination Acquisition Corp I closes IPO of 23M units at $10.00, raising $230M

Illumination Acquisition Corp. I

IPO of 23,000,000 units (incl. full over-allotment) at $10.00/unit, gross proceeds $230,000,000.
Simultaneous private placement of 625,000 units at $10.00/unit to sponsor and underwriter, proceeds $6,250,000.
Net proceeds of $230M deposited in trust account; company has 24 months to complete initial business combination.
Transaction costs total $13.3M; audited balance sheet as of March 2, 2026 filed as Exhibit 99.1.

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