Illumination Acquisition Corp. I reported results for the three months ended May 31, 2026, recording consolidated net income of $1.92M and diluted earnings per share of $0.1. The company had no operating revenues for the period, as it remains a blank‑check acquisition vehicle with proceeds held in a trust.
Financial Highlights
- Revenue: Not reported for the period in Part I, Item 1 (no operating revenues; company is a blank‑check SPAC).
- Net income: $1.92M for the three months ended May 31, 2026, primarily driven by $2.04M of interest income on trust assets.
- Diluted EPS: $0.10 for the three months ended May 31, 2026.
Business Highlights
- Business model: Cayman Islands‑incorporated blank‑check company formed to identify and complete a Business Combination.
- Capital deployment: IPO proceeds placed in a Trust Account to be used to finance an acquisition and support post‑combination operations.
- Operational activity: No operating revenues; activities during the period were limited to formation, IPO preparation, target identification, and due diligence.
- Income sources: Generated non‑operating interest income from the Trust Account and modest referral fee income; operating revenues are expected only after a Business Combination.
- Costs and support: Ongoing public‑company administrative costs plus a services agreement of $20K per month for office and administrative support.
Original SEC Filing:
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