Solid-State Battery Maker ProLogium to Go Public in SPAC Deal

ProLogium Technology Co. agreed to merge with a blank-check firm in a deal that the company says values it at about $3.8 billion, joining a growing number of next-generation battery makers going public via SPACs.

ProLogium’s transaction with Translational Development Acquisition Corp., a Nasdaq-listed special purpose acquisition company, follows a path taken by industry rivals including QuantumScape Corp. and Solid Power Inc. By bypassing the traditional initial public offering process, ProLogium aims to tap the financial markets more quickly.

Vincent Yang

Photographer: Sam Yeh/AFP/Getty Images

“The company has reached an inflection point in its mass production,” said Vincent Yang, ProLogium founder and chief executive ...