Illumination Acquisition Corp I’s (NASDAQ:ILLU – Get Free Report) lock-up period is set to expire on Wednesday, August 26th. Illumination Acquisition Corp I had issued 20,000,000 shares in its IPO on February 27th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.
Wall Street Analyst Weigh In
Separately, Weiss Ratings assumed coverage on Illumination Acquisition Corp I in a report on Friday, July 17th. They set a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.
View Our Latest Stock Analysis on ILLU
Illumination Acquisition Corp I Price Performance
About Illumination Acquisition Corp I
Illumination Acquisition Corp I is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
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