Illumination Acquisition Corp I (NASDAQ:ILLUU) Raised to “Hold” at Wall Street Zen

Illumination Acquisition Corp I (NASDAQ:ILLUU) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a research note issued on Saturday.

Illumination Acquisition Corp I Trading Down 0.2%

NASDAQ ILLUU opened at $9.90 on Friday. Illumination Acquisition Corp I has a one year low of $9.90 and a one year high of $9.99.

Illumination Acquisition Corp I Company Profile

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.