Illumination Acquisition Corp I’s Lock-Up Period Set To Expire on August 26th (NASDAQ:ILLU)

Illumination Acquisition Corp I’s (NASDAQ:ILLU) lock-up period will end 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 Illumination Acquisition Corp I’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Analyst Ratings Changes

Separately, Weiss Ratings began coverage on Illumination Acquisition Corp I in a report on Friday, July 17th. They issued a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Illumination Acquisition Corp I currently has a consensus rating of “Sell”.

Illumination Acquisition Corp I Price Performance

Shares of NASDAQ ILLU opened at $9.97 on Friday. Illumination Acquisition Corp I has a 12 month low of $9.82 and a 12 month high of $11.00. The company’s fifty day moving average is $9.93.

Illumination Acquisition Corp I Company Profile

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.