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.

Hyperliquid Strategies tripled its share buyback program to $100 million, with shares trading below net asset value. The company holds $HYPE tokens and its stock, $PURR, trades at a 0.89x multiple to NAV. The buyback aims to retire 3.8% of shares, offering per-share accretion. The decision reflects a balance between buybacks and $HYPE accumulation, with potential impacts on staking yields and NAV.

Strawberry Fields REIT CEO highlighted growth strategy, 100% rent collection, and operator financial health. The company focuses on skilled nursing facilities, benefiting from aging demographics and regulatory barriers. It closed a $200M credit line, has low leverage, and trades at a discount to peers due to limited liquidity. The company generates $74M in AFFO, with a 10.5x AFFO valuation.

SK Group Chairman Chey Tae-won's visits to a New York steakhouse have drawn attention to SK hynix's (000660.KS) plans for a NAND flash plant in New York state via its subsidiary Solidigm. SK hynix has halted Solidigm's IPO plans due to market conditions but remains committed to investment. The plant aims to diversify production and meet local manufacturing demands.