{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-132921","form_type":"8-K","ticker":"TDAC","cik":"0001926599","company_name":"Translational Development Acquisition Corp.","filed_at":"2024-12-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.361750+00:00","generated_at":"2026-05-28T22:03:51.757673+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"SPAC Translational Development closes $172.5M IPO; auditor flags going concern","bullets":["IPO of 17,250,000 units at $10.00/unit (including over-allotment), gross proceeds $172.5M.","Private placement of 7,075,000 warrants at $1.00 each to sponsor and underwriter, gross $7.075M.","Net proceeds $174,225,000 deposited into trust account; trust balance $174,225,000 as of Dec 24, 2024.","Auditor's going concern opinion: company lacks capital to sustain operations for one year from Dec 24, 2024.","Cash on hand $949,060; working capital $508,361; shareholders' deficit ($5,529,139)."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-132921","json":"https://secwatch.observer/filing/0001104659-24-132921.json","markdown":"https://secwatch.observer/filing/0001104659-24-132921.md","text":"https://secwatch.observer/filing/0001104659-24-132921.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1926599/000110465924132921/0001104659-24-132921-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1926599/000110465924132921/tm2432245d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T22:03:51.757673+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}