Wall Street Zen upgraded shares of Illumination Acquisition Corp I (NASDAQ:ILLUU – Free Report) to a hold rating in a report released on Saturday.
Illumination Acquisition Corp I Stock Up 0.2%
NASDAQ:ILLUU opened at $9.92 on Friday. Illumination Acquisition Corp I has a 1-year low of $9.90 and a 1-year 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.
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