ILLR is trading at $5.94 (+95%) in pre-market sessions following the announcement of a $411.3 million deal to acquire economic exposure to SpaceX through a special-purpose subsidiary.
- The transaction, detailed in a June 25 press release and Form 8-K filing, adds a significant SpaceX-linked treasury asset to the company's balance sheet.
- The move has driven intense speculative interest and dramatically altered the company's profile following a period of extreme volatility and a recent reverse stock split.