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SPAC · Deal announced · TDAC

Translational Development Acquisition Corp.

Business combination with ProLogium Holding Inc.

Translational Development Acquisition Corp. (TDAC) is a blank-check company (SPAC) that raised $150M in its initial public offering on Dec 23, 2024, listing on Nasdaq Global Market. It agreed to combine with ProLogium Holding Inc., announced on May 27, 2026, at a stated value of $3.8B. The deal has not closed yet. Novated led the IPO, with Stone Capital Partners and TDAC Partners. Venable advised the SPAC and Loeb & Loeb advised the underwriters on the IPO.

ProLogium Holding Inc., founded in 2006, develops and manufactures next-generation lithium ceramic batteries and holds over 1,100 granted and pending patents. In 2013 it introduced a battery architecture with a 100% ceramic separator and describes itself as having commercialized solid-state batteries.

Status
Deal announced
Ticker
TDAC
IPO date
Dec 23, 2024
IPO size
$150M
IPO exchange
Nasdaq Global Market
Target
ProLogium Holding Inc.
Target sector
Industrial
Announced
May 27, 2026
Stated deal value
$3.8B
Combined company
ProLogium Holding Inc.
IPO underwriters
Novated, Stone Capital Partners and TDAC Partners
SPAC counsel (IPO)
Venable and Maples and Calder
Underwriters' counsel (IPO)
Loeb & Loeb

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