-+ 0.00%
-+ 0.00%
-+ 0.00%

ProLogium to list on Nasdaq via merger with TDAC in deal valuing battery maker at $3.8 billion

PUBT·05/27/2026 11:02:46
Listen to the news
ProLogium to list on Nasdaq via merger with TDAC in deal valuing battery maker at $3.8 billion
  • ProLogium agreed to merge with Translational Development Acquisition Corp., taking the solid-state battery developer public on Nasdaq as ProLogium Technology.
  • Combined company expected to trade under ticker PRLG; closing targeted for the second half of 2026.
  • Deal values ProLogium at about USD 3.8 billion pre-money, net cash-free; funding to include TDAC trust cash and a targeted equity PIPE.
  • Proceeds earmarked for scaling fourth-generation solid-state battery output, including a planned gigafactory in Dunkirk backed by up to EUR 1.4 billion subsidies.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Translational Development Acquisition Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605270700PRIMZONEFULLFEED9727254) on May 27, 2026, and is solely responsible for the information contained therein.