AdvertisementAdvertisementBusinessFILE PHOTO: FPC Lithium Ceramic Battery is on display at Taiwanese EV battery maker ProLogium's showroom in Taoyuan, Taiwan January 23, 2024. REUTERS/Ann Wang/File PhotoFILE PHOTO: The Nasdaq logo is displayed on a screen at the Nasdaq Market site in New York City, U.S., April 17, 2026. REUTERS/Brendan McDermid/File Photo27 May 2026 08:04PM (Updated: 27 May 2026 08:08PM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST May 27 : Taiwanese battery maker ProLogium Technology will go public in New York through a merger with blank-check vehicle Translational Development Acquisition Corp in a $3.8 billion deal, the companies announced on Wednesday.Here are some details of the deal:• The deal will provide ProLogium with funds to scale the production of its fourth-generation solid-state batteries and the construction of its new gigafactory in Dunkirk, France.• It will also allow ProLogium to expand into growth markets such as data centers, aerospace, robotics and defense.Show MoreShow Less• Construction at ProLogium's Dunkirk facility is expected to begin later in 2026, followed by formal mass production and deliveries in the second quarter of 2029.• Founded in 2006, ProLogium makes lithium ceramic batteries for electric vehicles, and has shipped over 2.4 million battery cells to customers since 2013.• A SPAC is a shell company that raises money through an IPO to merge with a private business, allowing it to go public without a traditional IPO.• The deal is expected to close in the second half of 2026. The combined company will be listed on the Nasdaq under the ticker symbol "PRLG".• Cohen & Company Markets advised ProLogium on the deal, while BTIG advised TDAC. Crédit Agricole Corporate and Investment Bank acted as the placement agent to ProLogium.Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST