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85% of TDAC shareholders keep shares, $156.8M trust remains after vote on SPAC extension and merger with ProLogium.

Company Fundamentals
22 Jun 2026
PRNewsWire
View Source
Bullish
pluang ai news

Translational Development Acquisition Company (TDAC) announced that 85% of its shareholders chose not to redeem their shares during a recent vote, leaving $156.8 million in the trust account. The vote also approved an extension of the SPAC's life, supporting TDAC's merger with ProLogium, a leader in lithium ceramic battery technology targeting markets like AI data centers, aerospace, and electric vehicles. This strong shareholder support reflects confidence in ProLogium's growth potential and advanced battery technology. The merger is expected to accelerate ProLogium's expansion with new manufacturing plants and government subsidies in Taiwan and France.

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