TDAC Shareholder Vote Results Show Strong Support

Written by Emily J. Thompson, Senior Investment Analyst

Source: Newsfilter

Updated: Jun 22 2026

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Source: Newsfilter

Shareholder Vote Results: In the shareholder vote held on June 17, 85% of TDAC shareholders opted not to redeem their shares, demonstrating strong support for the merger agreement with Prologium, thereby solidifying the company's trust fund of $156.8 million.
Redemption Statistics: The final tally revealed that public shareholders redeemed 2,598,697 shares of Class A common stock, while holders of 14,651,303 redeemable shares chose to retain their investments, indicating robust market confidence in future growth.
Prologium's Market Position: As a global leader in next-generation lithium ceramic battery technology, Prologium is entering rapidly growing markets including electric vehicles, aerospace, and robotics, which is expected to propel TDAC's long-term growth potential.
French Government Support: Prologium's gigawatt plant under construction in France has secured a potential subsidy package of up to €1.375 billion, which will further enhance its competitiveness in the global market and provide strong backing for TDAC's merger transaction.

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About TDAC

Translational Development Acquisition Corp. is a blank check company. The Company is formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company has not selected any specific business combination target, and has not engaged in any substantive discussions, directly or indirectly, with any business combination target. The Company has neither engaged in any operations nor generated any revenues.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

ProLogium Files F-4 to Advance Merger with TDAC

2 hours agoPRnewswire

Merger Progress: Translational Development Acquisition Company (TDAC) announced that ProLogium has filed an F-4 with the SEC, advancing the de-SPAC transaction and expected to provide investors with a fuller view of the company's history and merger details, thereby enhancing market confidence.
Management Outlook: TDAC Chairman and CEO Michael Hoffman stated that the F-4 filing will offer significant background information to investors, helping them better understand the potential value of the merger transaction, which could further encourage investor participation and support.
SEC Review: The filing is subject to SEC review and may be revised, and the transparency of this process will help reduce investor uncertainty and ensure the smooth execution of the merger transaction.
Risk Factors Alert: The announcement highlights several risk factors, including potential legal proceedings and shareholder approvals that could affect the final completion of the merger, necessitating investor vigilance regarding these uncertainties.