Illumination Acquisition Corp I’s (NASDAQ:ILLUU) Quiet Period To Expire on April 8th

Illumination Acquisition Corp I’s (NASDAQ:ILLUU) quiet period will end on Wednesday, April 8th. Illumination Acquisition Corp I had issued 20,000,000 shares in its public offering on February 27th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Ratings Changes

Separately, Wall Street Zen raised Illumination Acquisition Corp I to a “hold” rating in a report on Saturday, March 14th.

Illumination Acquisition Corp I Price Performance

Shares of NASDAQ:ILLUU opened at $9.96 on Friday. Illumination Acquisition Corp I has a 12 month low of $9.90 and a 12 month high of $9.99.

About Illumination Acquisition Corp I

Illumination Acquisition Corp I (NASDAQ: ILLUU) is a publicly listed special purpose acquisition company (SPAC) formed to effect a business combination with one or more operating businesses. As a blank‑check vehicle, its primary purpose is to raise capital in the public markets and use those proceeds, together with any additional financing, to acquire or merge with a private company that will thereby become publicly traded through the combination.

The company raises funds through an initial public offering and typically places IPO proceeds into a trust account pending completion of a qualifying business combination.