A Taiwanese company that manufactures batteries announced Wednesday it will become publicly traded through a $3.8 billion merger with Translational Development Acquisition Corp, a special purpose acquisition company.
ProLogium Technology plans to use the funding from this transaction to increase manufacturing of its fourth-generation solid-state batteries and build a new gigafactory in Dunkirk, France.
The merger will also enable ProLogium to enter expanding markets including data centers, aerospace, robotics and defense sectors.
The company expects to break ground on its Dunkirk manufacturing plant in late 2026, with full-scale production and product deliveries starting in the second quarter of 2029.
ProLogium, established in 2006, specializes in lithium ceramic batteries designed for electric vehicles and has delivered more than 2.4 million battery cells to clients since 2013.
A special purpose acquisition company, or SPAC, operates as a shell corporation that gathers capital through an initial public offering to combine with a private company, enabling that business to go public without conducting a conventional IPO.
The transaction is anticipated to finalize in the second half of 2026. Once completed, the merged entity will trade on the Nasdaq exchange using the ticker symbol “PRLG”.
Cohen & Company Markets served as ProLogium’s advisor for the transaction, while BTIG provided advisory services to TDAC. Crédit Agricole Corporate and Investment Bank worked as the placement agent for ProLogium.
