TDAC secures $50M PIPE commitment from Naetas Holding for ProLogium business combination

Translational Development Acquisition Corp.

Naetas Holding agrees to buy 5M TDAC Class A shares at $10.00 each for $50M total, plus 5M warrants at $11.50 exercise.
Subscription closing expected one business day before the business combination closing; proceeds fund the merger.
Warrants have terms identical to TDAC public warrants: $11.50 exercise, $18.00 redemption trigger, $0.01 redemption price.
Business combination with ProLogium (solid-state battery) is subject to shareholder approval and other conditions; PIPE is contingent on deal closing.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.