TDAC Retains $156.8 Million in Trust After Shareholder Vote

The vote, conducted on June 17, 2026, saw public shareholders redeem approximately 2.6 million shares, leaving 14.6 million shares active. This result ensures that $156.8 million remains in the company’s trust account, providing a stable financial runway as the firm prepares to finalize its business combination with ProLogium, a global leader in next-generation lithium ceramic battery technology.

Michael Hoffman, Chairman and CEO of TDAC, attributed the high retention rate to market enthusiasm for the merger. ProLogium is currently scaling its manufacturing capabilities with a gigascale plant in Taiwan and a second facility under construction in France, supported by a potential €1.375 billion subsidy package from the French government. These technologies are designed for high-growth sectors, including AI data centers, electric vehicles, and aerospace, where demand for fast-charging and high-density energy storage continues to accelerate.