Illumination Acquisition Q2 FY26 net income rises to $1.93 million
ILLU•Six-month results and liquidity
Net income totaled $1.84 million for the six months ended May 31, 2026.
Cash and cash equivalents were $824,832 as of May 31, 2026, with a working capital surplus of $810,621.
Trust Account and deferred fees
The Trust Account held $230 million following the March 2 IPO; deferred underwriting fees of $8.05 million remain payable on a business combination.
Quarterly net income rises on Trust Account interest
Illumination Acquisition posted net income of $1.93 million for the three months ended May 31, 2026.
Profit was driven by $2.04 million of interest earned in the Trust Account, partly offset by $181,320 of formation, general and administrative costs.
