Battery maker ProLogium to list on Nasdaq in $3.8 billion SPAC deal

• ProLogium, founded in 2006, has shipped over 2.4 million lithium ceramic battery cells to customers since 2013 and will trade under ticker symbol 'PRLG'
• Proceeds will fund expansion into growth markets including data centers, aerospace, robotics, and defense beyond the company's core electric vehicle battery business
• The Dunkirk, France facility construction is expected to begin later in 2026, with formal mass production and deliveries starting in Q2 2029

Summary: ProLogium SPAC Merger

Key Transaction Details:

Taiwanese battery manufacturer ProLogium Technology will go public on Nasdaq through a merger with SPAC Translational Development Acquisition Corp (TDAC) in a $3.8 billion deal. The transaction is expected to close in the second half of 2026, with the combined company trading under ticker symbol "PRLG."

Company Background:

Founded in 2006, ProLogium specializes in lithium ceramic batteries for electric vehicles and has delivered over 2.4 million battery cells to customers since 2013.

Strategic Objectives:

Proceeds from the merger will fund:

• Scaling production of fourth-generation solid-state batteries
• Construction of a manufacturing facility in Dunkirk, France, with groundbreaking expected later in 2026
• Mass production and deliveries scheduled for Q2 2029
• Expansion into new growth markets including data centers, aerospace, robotics, and defense

Advisory Teams:

• Cohen & Company Markets advised ProLogium
• BTIG advised TDAC
• Crédit Agricole Corporate and Investment Bank served as placement agent

Market Context:

The deal represents another significant SPAC transaction in the battery technology sector, positioning ProLogium to capitalize on growing demand for solid-state battery technology. The Dunkirk facility signals strategic European expansion amid increasing EV adoption and energy storage needs. The extended timeline to 2029 for mass production reflects the complex nature of scaling advanced battery manufacturing.

This transaction highlights continued investor interest in next-generation battery technology companies as the global transition to electric mobility and renewable energy accelerates.