ProLogium to list on Nasdaq via merger with Translational Development Acquisition Corp.
- Pre‑money valuation expected at approximately $3.8 billion.
- Transaction is structured as a business combination with TDAC and is expected to close in the second half of 2026, subject to approvals.
- Deal will fund scaling of ProLogium’s 4th‑generation superfluidized inorganic solid‑state batteries and construction of a Dunkirk gigafactory supported by an approved subsidy package of up to ~€1.4 billion from the French government.
- ProLogium has shipped over 2.4 million battery cells since 2013 (including more than 800,000 third‑generation cells from its Taiwan gigafactory) and holds 1,100+ global patents; TÜV Rheinland recorded 360 Wh/kg for its latest cell and UL Solutions ARC reported no thermal runaway under HWS testing.
Deal overview
ProLogium and Nasdaq‑listed SPAC Translational Development Acquisition Corp. (TDAC) agreed a definitive business combination that will list the combined company on Nasdaq under the ticker PRLG. The transaction values ProLogium at roughly $3.8 billion on a pre‑money, net cash‑free basis and is expected to close in the second half of 2026, subject to shareholder and regulatory approvals and customary conditions.
Manufacturing and funding
The companies said proceeds from TDAC’s trust and a targeted common equity PIPE will fund scale‑up of ProLogium’s 4th‑generation superfluidized inorganic solid‑state batteries and construction of a new gigafactory in Dunkirk, France. The Dunkirk project is supported by an approved subsidy package of up to about €1.4 billion from the French government.
Technology validation
ProLogium promotes a 4th‑generation lithium ceramic (LCB) platform with a non‑flammable electrolyte and all‑ceramic separator. Independent testing cited in the announcement includes a TÜV Rheinland energy density record of 360 Wh/kg for the latest cell and UL Solutions ARC verification that the all‑inorganic superfluidized cell showed no thermal runaway under the Heat‑Wait‑Seek test.
Commercial footprint and strategy
Since 2013 ProLogium has shipped over 2.4 million cells, including more than 800,000 third‑generation cells from its Taiwan gigafactory, and holds over 1,100 patents. The company plans to expand beyond EVs into AI data centers, aerospace, robotics and defense. Financial and legal advisors for the transaction were named in the announcement.
Source: ProLogium