TDAC announced that 85% of shareholders did not redeem, leaving $156.8 million in its trust following the extension vote.
Key Highlights:
- 14,651,303 Class A shares remained post-redemption, representing 85% retention and $156.8mm in trust.
- 2,598,697 Class A shares were redeemed in connection with the June 17, 2026 extension vote.
- 95% of votes cast were in favor of the extension, enabling continued pursuit of the ProLogium merger.
- TDAC reaffirmed the proposed business combination with ProLogium, a leader in lithium ceramic battery technology targeting multiple growth markets.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.