TDAC to merge with battery maker ProLogium at ~$3.8B enterprise value

Translational Development Acquisition Corp.

Deal implies ~$3.8B valuation for ProLogium on a net cash-free basis.
Combined company to be named ProLogium Technology and list on Nasdaq as PRLG.
Closing requires TDAC extension, shareholder approval, and at least $250M available cash from trust.
Founder eligible for IP compensation of up to 2.5% of fully diluted shares; lock-up periods of 6-18 months.
ProLogium shareholders representing majority sign voting and lock-up agreements supporting the deal.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Translational Development Acquisition Corp. entered into Business Combination Agreement with Prologium Holding Inc., PLG Merger Sub 1, and PLG Merger Sub 2 valued at approximately $3.8 billion valuation (effective 2026-05-27).

Action: entry
Agreement: merger
Counterparty: Prologium Holding Inc., PLG Merger Sub 1, and PLG Merger Sub 2
Value: approximately $3.8 billion valuation
Effective: 2026-05-27

Exact text from the filing

On May 27, 2026, Translational Development Acquisition Corp., a Cayman Islands exempted company with limited liability (“TDAC”), entered into an Agreement and Plan of Merger (as it may be amended, restated or otherwise modified from time to time, the “Business Combination Agreement”) with Prologium Holding Inc., a Cayman Islands exempted company with limited liability (“ProLogium” or the “Company”), PLG Merger Sub 1, a Cayman Islands exempted company with limited liability and a wholly-owned direct subsidiary of the Company (“Merger Sub 1”), and PLG Merger Sub 2, a Cayman Islands exempted company with limited liability and a wholly-owned direct subsidiary of the Company (“Merger Sub 2” and, together with Merger Sub 1, the “Acquisition Entities”).

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Translational Development Acquisition Corp. filing history →

Source: SEC EDGAR

accession 0001104659-26-066599

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