| Cash Flow | 2026-05-31 | 2026-02-28 |
|---|---|---|
| Net income | 1,925,144 | -87,593 |
| Payment of formation, general and administrative costs through advances from related party | 0 | 12,445 |
| Payment of formation, general and administrative costs through promissory note - related party | 0 | 31,754 |
| Interest earned on marketable securities held in trust account | 2,037,464 | - |
| Referral fee | -23,000 | - |
| Prepaid expenses | 61,040 | - |
| Prepaid insurance | 109,375 | - |
| Accrued expenses | 76,771 | 1,733 |
| Net cash used in operating activities | -228,964 | -41,661 |
| Investment of cash in trust account | 230,000,000 | - |
| Net cash used in investing activities | -230,000,000 | - |
| Proceeds from sale of units, net of underwriting discounts paid | 225,400,000 | - |
| Advances from related party | - | 3,776,471 |
| Proceeds from sale of private placement units | 6,250,000 | - |
| Proceeds from promissory note - related party | 0 | 117,000 |
| Repayment of promissory note - related party | 173,808 | - |
| Payment of offering costs | 387,172 | 110,563 |
| Net cash provided by financing activities | 227,312,549 | 3,782,908 |
| Net change in cash equivalents | -2,916,415 | 3,741,247 |
| Cash equivalents end of period | 824,832 | 3,741,247 |
Illumination Acquisition Corp. I (ILLUU)
Illumination Acquisition Corp. I (ILLUU)