Solid-state battery maker ProLogium is going public via a SPAC merger with Translational Development Acquisition Corp.
The combined company, ProLogium Technology, will trade on Nasdaq under the ticker PRLG.
The transaction values ProLogium at approximately $3.8 billion on a pre-money, net cash-free basis.
Founded in 2006, ProLogium produces lithium ceramic batteries and holds over 1,100 global patents.
The company has shipped over 2.4 million battery cells since 2013.
Its fourth-generation battery technology features a triple safety mechanism.
Proceeds will fund production scaling and construction of a gigafactory in Dunkirk, France.
The French government has approved up to €1.4 billion in subsidies.
The merger is expected to close in the second half of 2026.
