WASHINGTON, DC (June 17, 2026) – Venable LLP is pleased to have represented Translational Development Acquisition Corp. (TDAC), a New York-based special-purpose acquisition company, on the business combination agreement entered into with ProLogium Holding Inc., a leading next-generation Taiwan-based developer and manufacturer of solid-state batteries with a proven history of commercialization.
The transaction values ProLogium at approximately $3.8 billion on a pre-money, cash-free, debt-free basis and is expected to fund the scaling of the production of Prologium’s fourth-generation batteries and the construction of Prologium’s new gigafactory in Dunkirk, France, an effort supported by an approved subsidy package of up to $1.4 billion from the Government of the French Republic. Upon closing, the combined company will be renamed ProLogium Technology and is expected to be listed on the Nasdaq under the ticker symbol “PRLG.”
“Advising TDAC on this transaction highlights Venable’s strength in guiding clients through complex public company and cross-border transactions,” said Bill Haddad, Venable’s Head of Capital Markets and a Partner in the Corporate Group. “We are proud to have supported TDAC in executing this strategic objective and reaching this important stage in its business combination process.”
Venable’s team was led by Bill Haddad, Arif Soto, and Pat Dunbar, with support from Mike Bloom and Chris Davidson.
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