ProLogium secures $50M investment ahead of SPAC merger
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ProLogium and Translational Development Acquisition Corp. Announce $50 Million Committed Primary Capital Investment to Support Proposed Business Combination
July 28, 2026 9:00 AM EDTInvestment consists of $50 million of committed capital from existing investors of ProLogium at the previously announced pre-money valuation of ProLogium of approximately $3.8 billion Proceeds form part of the previously announced target financing to support ProLogiums proposed business combination with TDACProLogium expects to use proceeds to support the continued scale-up of its next-generation lithium ceramic battery production and advance construction of its planned gigafactory in Dunkirk, France, supported by its subsidy package of up to 1.375 billion from the Government of the French Republic
TAIPEI, Taiwan and NEW YORK, July... More
