Solid-state battery pioneer ProLogium to go public in $3.8 billion deal

Solid-state battery pioneer ProLogium to go public in $3.8 billion deal

ProLogium, the first company to commercialize solid-state batteries, is preparing to go public in a deal that values the business at about $3.8 billion. The move could give the longtime battery developer additional funding to expand production of a technology that could one day help make electric vehicles, backup systems, and other power-hungry tools safer and more efficient. What happened? According to a report from Electrek, ProLogium said it …

ProLogium Set for Nasdaq Debut in $3.8 Billion SPAC Deal

Taiwan-based solid-state battery developer ProLogium has announced plans to become a publicly traded company through a merger with special purpose acquisition company (SPAC) Translational Development Acquisition Corp. (TDAC).The deal is expected to provide fresh capital for the company’s ambitious growth plans, including the construction of its large-scale battery manufacturing facility in Dunkirk, France.Once the transaction closes, the combine…