ProLogium Appoints Antony Sheriff, CEO of Rimac Group, to Board of Directors

Mercedes-Benz and ProLogium have signed a joint testing agreement for ProLogium's Gen4 solid-state battery cells, building on a decade-long partnership. The agreement grants Mercedes-Benz priority access to test the technology, which offers high energy density, safety, and performance. ProLogium plans to go public on NASDAQ in 4Q2026 under the ticker PRLG.

ProLogium Technology has started mass production of its lithium-ceramic battery cells in Taiwan, achieving 381 watt-hours per kilogram. The company is building a €5.2 billion gigafactory in Dunkirk, France, with production expected to begin in 2028. ProLogium aims to list shares on Nasdaq under ticker PRLG via a SPAC merger valued at $3.8 billion. The company has partnerships with Mercedes-Benz and Rimac, and its technology promises higher energy density and improved safety for electric vehicles

ProLogium and Nasdaq-listed SPAC TDAC said they secured commitments for a $50 million primary capital investment from existing ProLogium shareholders at a pre-money valuation of about $3.8 billion to support their proposed business combination. Proceeds are earmarked for scaling next-generation lithium ceramic batteries and building a Dunkirk, France gigafactory, alongside a French subsidy package up to €1.375 billion.

Argentina hosts its first Chinese auto show as Chinese brands gain market share, accounting for 10% of August sales. BYD 002594.SZ is now the ninth best-selling brand. Over 20 Chinese brands, including Geely 0175.HK and Chery 9973.HK, were displayed. Toyota 7203.T plans a $1.34B EV plant. Tesla may enter Argentina. Car sales fell 13% YoY due to market adjustment and high interest rates.

Stocks rose Friday after a softer-than-expected jobs report, with the Nasdaq up 0.45% for the week, led by AI-related stocks. Micron reported strong earnings and guidance, while Nvidia authorized a $150B buyback. The Dow and S&P 500 fell 1.26% and 0.3% respectively.

AT&T (NYSE:T) will pay a $0.2775 quarterly dividend on November 2, 2026, yielding 4.53%. Its dividend has remained flat since a 2022 cut. In 2025, dividends consumed 49% of free cash flow, down from 59% in 2021. Wireless and fiber services now drive revenue growth, while legacy services decline. AT&T's dividend is supported by stronger cash flow from connectivity services. Management expects free cash flow to grow, with dividends and buybacks totaling $18 billion in 2026.