Illumination Acquisition Corp. I (ILLUU)
Illumination Acquisition Corp. I (ILLUU)
| Balance Sheets | 2026-05-31 | 2026-02-28 | ||
|---|---|---|---|---|
| Deferred offering costs | 0 | 249,594 | ||
| Cash equivalents | 824,832 | 3,741,247 | ||
| Referral fee | 23,000 | - | ||
| Prepaid expenses | 61,040 | - | ||
| Prepaid insurance | 62,500 | - | ||
| Total current assets | 971,372 | 3,741,247 | ||
| Prepaid insurance long-term | 46,875 | - | ||
| Marketable securities held in trust account | 232,037,464 | - | ||
| Total assets | 233,055,711 | 3,990,841 | ||
| Accrued expenses | 85,751 | 8,980 | ||
| Accrued offering costs | 75,000 | 101,422 | ||
| Advances from related party | - | 3,776,471 | ||
| Total current liabilities | 160,751 | - | ||
| Promissory note related party | - | 173,808 | ||
| Deferred underwriting fee | 8,050,000 | - | ||
| Total liabilities | 8,210,751 | 4,060,681 | ||
| Class a ordinary shares subject to possible redemption, 0.0001 par value 23,000,000 shares at redemption value of 10.09 per share as of may 31, 2026 and none as of november 30, 2025 | 232,037,464 | - | ||
| Ordinary shares, value-Common Class A | 63 | - | ||
| Ordinary shares, value-Common Class B | 767 | 767 | ||
| Additional paid-in capital | - | 24,233 | ||
| Accumulated deficit | -7,193,334 | -94,840 | ||
| Total shareholders deficit | -7,192,504 | -69,840 | ||
| Total liabilities, class a ordinary shares subject to possible redemption, and shareholders deficit | 233,055,711 | 3,990,841 | ||