Illumination Acquisition Corp. I

Previous wording

For the three months ended May 31, 2026, we had a net income $1,925,144, which consisted of interest earned on marketable securities held in Trust Account of $2,037,464, referral fee income of $69,000, offset by formation, general and administrative costs of $181,320.

Current wording

For the three months ended August 31, 2026, we had a net income of $2,005,956, which consisted of interest earned on marketable securities held in Trust Account of $2,091,821, referral fee income of $69,000, interest income on bank of $5,145, offset by formation, general and administrative costs of $160,010.

Previous wording

For the six months ended May 31, 2026, we had a net income $1,837,551, which consisted of interest earned on marketable securities held in Trust Account of $2,037,464, referral fee income of $69,000, offset by formation, general and administrative costs of $268,913.

Current wording

For the nine months ended August 31, 2026, we had a net income of $3,843,507, which consisted of interest earned on marketable securities held in Trust Account of $4,129,285, referral fee income of $138,000, interest income on bank of $10,277, offset by formation, general and administrative costs of $434,055.

Previous wording

Until the consummation of the Initial Public Offering, our only source of liquidity was an initial purchase of shares of Class B ordinary shares, par value $0.0001 per share, by the Sponsor and loans from the Sponsor which were fully repaid subsequent to the closing of the Initial Public Offering. As of May 31, 2026, we had $824,832 in cash and cash equivalents and working capital surplus of $810,621.

Current wording

Until the consummation of the Initial Public Offering, our only source of liquidity was an initial purchase of shares of Class B ordinary shares, par value $0.0001 per share, by the Sponsor and loans from the Sponsor which were fully repaid subsequent to the closing of the Initial Public Offering. As of August 31, 2026, we had $819,260 in cash and cash equivalents and working capital surplus of $740,381.

Previous wording

For the six months ended May 31, 2026, net cash used in operating activities was $270,625. Net income of $1,837,551 was affected by interest earned on marketable securities held in Trust Account of $2,037,464, payment of operating expenses through advances from related party of $12,445, payment of operating expenses through promissory note – related party of $31,754 and changes in operating assets and liabilities of $114,911.

Current wording

For the nine months ended August 31, 2026, net cash used in operating activities was $276,197. Net income of $3,843,507 was affected by interest earned on marketable securities held in Trust Account of $4,129,285, payment of operating expenses through advances from related party of $12,445, payment of operating expenses through promissory note – related party of $31,754 and changes in operating assets and liabilities of $34,618.

Previous wording

As of May 31, 2026, we had cash of $824,832. We intend to use the funds held outside the Trust Account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, and structure, negotiate and complete a Business Combination.

Current wording

As of August 31, 2026, we had cash of $819,260. We intend to use the funds held outside the Trust Account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, and structure, negotiate and complete a Business Combination.

Previous wording

Commencing on February 26, 2026, the Company entered into an agreement with the Sponsor to pay an aggregate of $20,000 per month for office space, utilities, and secretarial and administrative support. Upon completion of the initial Business Combination or the liquidation, the Company will cease paying the $20,000 per month fee. For the three and six months ended May 31, 2026, the Company incurred fees of $60,000 for these services.

Current wording

Commencing on February 26, 2026, the Company entered into an agreement with the Sponsor to pay an aggregate of $20,000 per month for office space, utilities, and secretarial and administrative support. Upon completion of the initial Business Combination or the liquidation, the Company will cease paying the $20,000 per month fee. For the three and nine months ended August 31, 2026, the Company incurred fees of $60,000 and $120,000, respectively, for these services.