Illumination Acquisition Corp I-A 2026年季度报告

FORM 10-Q (MARK ONE)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the quarter ended February 28, 2026 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the transition period fromto Commission file number: 001-43169 ILLUMINATION ACQUISITION CORP I(Exact Name of Registrant as Specified in Its Charter) Securities registered pursuant to Section12(b) of the Act: Check whether the issuer (1) filed all reports required to be filed by Section13 or 15(d) of the Exchange Act during the past 12 months(or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements forthe past 90 days. Yes☐No☒ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See definitions of “large accelerated filer”, “accelerated filer”, “smaller reportingcompany”, and “emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☒ Accelerated filer☐Smaller reporting company☒Emerging growth company☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☒No☐ As of April 14, 2026, there were 31,291,667 ordinary shares, par value $0.0001 per share, issued and outstanding. ILLUMINATION ACQUISITION CORP I FORM 10-Q FOR THE QUARTER ENDED FEBRUARY 28, 2026 TABLE OF CONTENTS PagePart I. Financial Information1Item 1. Condensed Interim Financial Statements1Condensed Balance Sheets as of February 28, 2026 (unaudited) and November 30, 20251Condensed Statement of Operations for the Three Months Ended February 28, 2026 (Unaudited)2Condensed Statement of Changes in Shareholder’s Equity (Deficit) for the Three Months Ended February 28, 2026 (Unaudited)3Condensed Statement of Cash Flows for the Three Months Ended February 28, 2026 (Unaudited)4Notes to Condensed Financial Statements (unaudited)5Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations15Item 3. Quantitative and Qualitative Disclosures About Market Risk16Item 4. Controls and Procedures17Part II. Other Information18Item 2. Unregistered Sales of Equity Securities and Use of Proceeds18Item 5. Other Information18Item 6. Exhibits19Part III. Signatures20i PART I - FINANCIAL INFORMATION (1)Includes 1,000,000 ClassB ordinary shares subject to forfeiture if the over-allotment option is not exercised in full or in part by theunderwriters. On March 2, 2026, the underwriters exercised their over-allotment option in full as part of the closing of the Initial PublicOffering. As a result, the 1,000,000 Founder Shares are no longer subject to forfeiture (Note 7). The accompanying notes are an integral part of these unaudited condensed financial statements. ILLUMINATION ACQUISITION CORP ICONDENSED STATEMENT OF OPERATIONSFOR THE THREE MONTHS ENDED FEBRUARY 28, 2026(UNAUDITED) (1)Excludes 1,000,000 ClassB ordinary shares that are subject to forfeiture if the over-allotment option is not exercised in full or in part by theunderwriters. On March 2, 2026, the underwriters exercised their over-allotment option in full as part of the closing of the Initial PublicOffering. As a result, the 1,000,000 Founder Shares are no longer subject to forfeiture (Note 7). The accompanying notes are an integral part of these unaudited condensed financial statements. ILLUMINATION ACQUISITION CORP ICONDENSED STATEMENT OF CHANGES IN SHAREHOLDER’S EQUITY (DEFICIT)(UNAUDITED) FOR THE THREE MONTHS ENDED FEBRUARY 28, 2026 (1)Includes 1,000,000 ClassB ordinary shares that are subject to forfeiture if the over-allotment option is not exercised in full or in part by theunderwriters. On March 2, 2026, the underwriters exercised their over-allotment option in full as part of the closing of the Initial PublicOffering. As a result, the 1,000,000 Founder Shares are no longer subject to forfeiture (Note 7). The accompanying notes are an integral part of these unaudited condensed financial statements. ILLUMINATION ACQUISITION CORP ICONDENSED STATEMENT OF CASH FLOWSFOR THE THREE MONTHS ENDED FEBRUARY 28, 2026(UNAUDITED) Cash Flows from Operating Activities:Net loss$(87,593)Adjustments to reconcile net loss to net cash used in operating activities:Pay