ProLogium Technology, a leading global manufacturer of solid-state battery technology, is moving closer to its public listing through a merger with special purpose acquisition company AEON Acquisition Corp. (NYSE: TDAC). The companies announced on Friday that they have filed an initial Form F-4 registration statement with the U.S. Securities and Exchange Commission (SEC). This filing includes a preliminary proxy statement/prospectus pertaining to their proposed business combination.

The F-4 filing is a significant regulatory milestone in the SPAC merger process. It provides comprehensive details about both ProLogium and TDAC, the terms of the merger, and the post-merger combined entity. The SEC will now review the filing, and subsequent amendments may be required before final approval.

This development suggests that the companies are on track to complete their merger, which was initially announced in May 2023. ProLogium aims to leverage the public markets to fund its expansion plans, particularly in solid-state battery production, a technology seen as critical for the future of electric vehicles and energy storage. The market will now watch for further updates from the SEC regarding the F-4, as well as the eventual shareholder vote, to gauge the timeline for the merger's completion.