{"id":72576,"date":"2026-05-27T08:22:54","date_gmt":"2026-05-27T12:22:54","guid":{"rendered":"https:\/\/tvdelmarva.com\/wp\/taiwan-battery-company-going-public-through-3-8b-deal\/"},"modified":"2026-05-27T08:22:54","modified_gmt":"2026-05-27T12:22:54","slug":"taiwan-battery-company-going-public-through-3-8b-deal","status":"publish","type":"post","link":"https:\/\/tvdelmarva.com\/wp\/taiwan-battery-company-going-public-through-3-8b-deal\/","title":{"rendered":"Taiwan Battery Company Going Public Through $3.8B Deal"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n

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.<\/p>

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.<\/p>

The merger will also enable ProLogium to enter expanding markets including data centers, aerospace, robotics and defense sectors.<\/p>

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.<\/p>

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.<\/p>

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.<\/p>

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”.<\/p>

Cohen & Company Markets served as ProLogium’s advisor for the transaction, while BTIG provided advisory services to TDAC. Cr\u00e9dit Agricole Corporate and Investment Bank worked as the placement agent for ProLogium.<\/p>","protected":false},"excerpt":{"rendered":"

Taiwanese battery manufacturer ProLogium Technology plans to become a publicly traded company through a merger with a special purpose acquisition company worth $3.8 billion. The deal will help fund production of advanced solid-state batteries and construction of a new manufacturing facility in France.<\/p>\n","protected":false},"author":4,"featured_media":72575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[834],"tags":[],"class_list":["post-72576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1779884574019.jpg?fit=450%2C300&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pbtNqq-iSA","jetpack-related-posts":[{"id":38076,"url":"https:\/\/tvdelmarva.com\/wp\/tesla-lg-energy-partner-on-4-3b-michigan-battery-plant\/","url_meta":{"origin":72576,"position":0},"title":"Tesla, LG Energy Partner on $4.3B Michigan Battery Plant","author":"Admin","date":"March 17, 2026","format":false,"excerpt":"The federal government has announced that Tesla and South Korean company LG Energy Solution will build a massive $4.3 billion battery manufacturing facility in Michigan. 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