(Incorporated in the Cayman Islands) 

We are a newly organized blank check company, also known as a SPAC. We expect to focus on identifying a growth company in a vertical where our management team has domain expertise, including but not limited to the nuclear, artificial intelligence/high performance computing, technology, industrial growth and financial services industries.

We will look to acquire one or more businesses with an enterprise value of approximately $500 million to $1 billion. We believe that middle-market segment provides the greatest number of opportunities for investment and is where our management team believes they have the strongest network to identify opportunities.

John Lipman has served as our CEO and a director since November 2025. Mr. Lipman is the head of capital markets at Lucid Capital Markets, LLC. He has more than 20 years of investment banking experience advising growth companies in the healthcare, industrial and technology sectors. Mr. Lipman has completed over 250 equity, convertible and debt offerings and advisory assignments for growth companies. Before joining Lucid, Mr. Lipman was a partner and managing director of investment banking at Craig-Hallum, managing director at Hudson Securities, and managing director at Carter Securities, a firm he founded that specialized in raising equity, equity-linked and debt capital for growth companies. He also has several years of SPAC experience as either the COO or the co-CEO of SPACs under the Roth CH Acquisition name.

David I. Rosenberg, our chairman of the board, is a co-founder and the CEO of Lucid. From December 2011 until joining Lucid, Mr. Rosenberg was co-president and CEO of Ladenburg Thalmann & Co Inc. Mr. Rosenberg remained with Ladenburg through the successful sale of Ladenburg Thalmann Financial Services for $1.3 billion to Osaic Wealth (f/k/a Advisor Group) a portfolio company of Reverence Capital Partners, a leading financial services-focused private equity firm. Before joining Ladenburg Thalmann in 2006, Mr. Rosenberg was co-founder and CEO of BroadWall Capital, LLC, an independent provider of equity research, investment banking, institutional sales and trading and wealth management. He joined Ladenburg Thalmann after successfully selling assets of BroadWall Capital in 2006 to Ladenburg Thalmann & Co Inc. Mr. Rosenberg brings over 25 years of investment banking experience focused on growth companies. Since 2006, Mr. Rosenberg has managed over 750 public offerings, including but not limited to IPOs and follow-on offerings, raising in excess of $100 billion for small and mid-cap companies, as well as advising on many merger and acquisition transactions. Mr. Rosenberg also served as the chairman and co-CEO of Ignyte Acquisition Corp. from August 2020 until its merger with Peak Bio Co., Ltd., n/k/a Akari Therapeutics, Plc (Nasdaq: AKTX) in November 2022.

Steve Kaplan, our CFO, joined Lucid in May 2024 where he co-heads the Financial Institutions Group, a group focused on financial institutions and blank check companies.  From September 2004 through April 2024, Mr. Kaplan was a managing director and the head of capital markets at Ladenburg Thalmann & Co. Inc., a full-service investment bank and member of the NYSE since 1876 where he held a role similar to his role at Lucid.  Mr. Kaplan served as CFOr of Ignyte Acquisition Corp., a blank check company, from October 2020 until its merger with Peak Bio Co., Ltd., n/k/a Akari Therapeutics, Plc (Nasdaq: AKTX) in November 2022. Before 2004, Mr. Kaplan had substantial experience advising companies in the healthcare services industry. From 1999 to 2004, Mr. Kaplan was a co-founder and a partner of River Capital Partners, a healthcare services-focused M&A advisory firm. From 1996 to 1999, he was a vice president in the Healthcare Investment Banking Group of Prudential Securities. From 1993 to 1996, he was an associate at Jefferies & Company, primarily focused on healthcare M&A. He previously worked at auditing firms Pricewaterhouse and Deloitte & Touche. Over the course of his career, Mr. Kaplan has managed over 500 public offerings including but not limited to IPOs and follow-on offerings as well as advising on numerous merger and acquisition transactions.

(Note: Illumination Acquisition Corp. I filed its S-1 for its SPAC IPO on Dec. 23, 2025, and disclosed the terms: 20 million units at $10.00 each to raise $200 million. Each unit consists of one share of stock and one-third of one redeemable warrant.)

consists of one Class A ordinary share and one-third of one redeemable warrant.