SPAC: Translational Development Acquisition Corp. (TDAC)
Company
SPAC: Translational Development Acquisition Corp. (TDAC)
Dec 23, 2024
SPAC
Unit Split
SPAC/IPOIPODec 2024Unit Split · Feb 2025SPAC/IPOIPODec 2024Unit Split · Feb 2025- LOILOILOILOI
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SPAC/IPO · Dec 2024 · Unit Split · Feb 2025
A unit bundles the listed securities. Its components may become separately tradable after a period specified in the prospectus, even before a business combination. Units still outstanding at the business combination are generally separated into their components. Check the relevant SEC filings for the timing and procedure.
Only whole warrants can be exercised; fractional warrants per unit require multiple units to make a whole warrant. Warrants commonly allow holders to buy shares after a business combination at a set exercise price, often USD 11.50. They often last up to five years but may be redeemed earlier. Exercise date, price and term can differ; consult the relevant SEC filings.
The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business, industry, sector, or geographical location, and intends to focus on industries that complement its management team’s background, and intends to capitalize on the ability of its management team to identify and acquire a business.
The Company’s management team is led by Michael B. Hoffman, its Chief Executive Officer and Chairman of the Board of Directors of the Company (the “Board”) and Avanindra C. Das, Chief Financial Officer. In addition, the Board includes E. Premkumar Reddy, Curtis T. Keith, Matthew A. Kestenbaum and Christopher Jarratt.
BTIG, LLC is acting as sole book-running manager for the offering.
Chart/Sentiment
Financials
Translational Development Acquisition Corp. (TDAC)
| Period end | Trust Assets |
|---|---|
2026-06-3010-Q | 157.3 m USD |
2025-12-3110-Q | 181.7 m USD |
2024-12-3110-K | 174.4 m USD |
Source: SEC Company Facts · USD. Some values may be calculated; please verify them against the official SEC filings.