ProLogium to De-SPAC With Translational Development Acquisition Corp. (TDAC) in ~$3.8B Nasdaq Deal

ProLogium, a next-generation solid-state battery developer, entered into a definitive business combination agreement with SPAC Translational Development Acquisition Corp. (TDAC) to take the company public on Nasdaq. The transaction values ProLogium at about $3.8 billion and is intended to fund expansion of 4th-generation battery production and construction of its gigafactory in Dunkirk, France (with a French government subsidy package).