Battery maker ProLogium to list on Nasdaq in $3.8 billion SPAC deal

Image for article Battery maker ProLogium to list on Nasdaq in $3.8 billion SPAC deal
News Source : Yahoo Entertainment

News Summary

  • Taiwanese battery maker ProLogium Technology will go public in New York through a ‌merger with blank-check vehicle Translational Development Acquisition Corp.
  • 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.
  • Founded in 2006, ‌ProLogium makes lithium ceramic batteries for electric vehicles, and has shipped over 2.4 million battery cells to customers since 2013.
May 27 (Reuters) Taiwanese battery maker ProLogium Technology will go public in New York through a merger with blankcheck vehicle Translational Development Acquisition Corp in a $3.

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