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[8-K] Translational Development Acquisition Corp. Warrants Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Translational Development Acquisition Corp. disclosed that its sponsor agreed to loan the Company up to $2,000,000 for working capital. The loan is evidenced by a promissory note that is non-interest bearing and is repayable on the earlier of (i) the date by which the Company must complete a qualifying business combination under its Amended and Restated Memorandum of Association and (ii) the effective date of a business combination (the Maturity Date). The note’s issuance was made pursuant to an exemption under Section 4(a)(2) of the Securities Act of 1933. The filing includes Exhibits, including the promissory note (Exhibit 10.1) signed by Michael B. Hoffman as CEO.

Positive
  • Sponsor committed up to $2,000,000 to provide working capital
  • Loan terms are clearly disclosed and the promissory note is filed as Exhibit 10.1
  • Issuance relied on Section 4(a)(2) exemption, showing a private placement process
Negative
  • None.

Insights

TL;DR: Sponsor committed up to $2.0M in non-interest loans to cover working capital; standard SPAC bridge financing.

The sponsor's loan of up to $2,000,000 provides the SPAC with near-term working capital to support operations ahead of a business combination. The note is non-interest bearing and repaid at the earlier of the Company's required completion date for a business combination or the effective date of such combination, which aligns repayment with customary SPAC lifecycle events. The issuance was exempt under Section 4(a)(2), indicating a private placement to an accredited party rather than a registered offering. This arrangement reduces immediate liquidity pressure but does not change disclosed timelines or transaction structure in the filing.

TL;DR: Governance disclosure confirms sponsor support and exemption basis; standard documentation attached as an exhibit.

The Form 8-K documents the sponsor’s contractual support via a promissory note and attaches the related exhibit (10.1), satisfying disclosure norms for related-party financing. The note’s terms—non-interest bearing and tied to the Company’s business combination timetable—are clearly stated and the filing cites the Section 4(a)(2) exemption. The board-level or independent director approvals, if any, are not included in the provided text, so governance approvals cannot be assessed from this content alone.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 OR Section 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): August 8, 2025

 

TRANSLATIONAL DEVELOPMENT ACQUISITION CORP.

(Exact name of registrant as specified in its charter)

 

Cayman Islands   001-42451   N/A
(State or other jurisdiction of
incorporation or organization)
  (Commission File Number)   (IRS Employer
Identification No.)

 

52 E. 83rd Street,

New York, New York

  10028
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code (917) 979-3072

 

Not Applicable

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading
Symbol(s)
  Name of each exchange
on which registered
Units, each consisting of one Class A ordinary share, $0.0001 par value, and one-half of one redeemable warrant   TDACU   The Nasdaq Stock Market LLC
Class A ordinary shares, $0.0001 par value per share   TDAC   The Nasdaq Stock Market LLC
Redeemable warrants included as part of the units, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50   TDACW   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company x

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

 

The information relating to the Note included in Item 8.01 is incorporated by reference in this item to the extent required herein.

 

Item 8.01. Other Events.

 

On August 8, 2025, TDAC Partners LLC (“Sponsor”) agreed to loan to Translational Development Acquisition Corp. (the “Company”) up to an aggregate of $2,000,000 for working capital purposes. The loan is evidenced by a promissory note (the “Note”) which is non-interest bearing and repayable on the earlier of (i) the date by which the Company has to complete a merger, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses or entities to the Company’s Amended and Restated Memorandum of Association (as it may be amended from time to time) (a “Business Combination”), and (ii) the effective date of a Business Combination (such earlier date of (i) and (ii), the “Maturity Date”).

 

If the Company does not consummate a Business Combination, the Note will not be repaid and all amounts owed under the Note will be forgiven except to the extent that the Company has funds available to it outside of its trust account established in connection with the initial public offering (the “Trust Account”). The issuance of the Note was exempt pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended.

 

The foregoing summary of the Note is qualified in its entirety by reference to the text of the Note, which is filed as an exhibit hereto and incorporated by reference herein.

 

 

 

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.
   
  The following exhibits are being filed herewith:
   
10.1 Promissory Note, dated August 8, 2025.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: August 14, 2025

 

TRANSLATIONAL DEVELOPMENT ACQUISITION CORP.  
   
By: /s/ Michael B. Hoffman  
Name: Michael B. Hoffman  
Title: Chief Executive Officer  

 

 

 

FAQ

What amount did the sponsor agree to loan Translational Development Acquisition Corp. (TDACW)?

The sponsor agreed to loan up to $2,000,000 for working capital purposes.

What are the key repayment terms of the promissory note disclosed in the TDACW 8-K?

The note is non-interest bearing and repayable on the earlier of (i) the date the Company must complete a qualifying business combination under its Amended and Restated Memorandum of Association and (ii) the effective date of a business combination.

Was the promissory note issuance registered with the SEC?

No. The filing states the issuance of the note was exempt pursuant to Section 4(a)(2) of the Securities Act of 1933.

Which exhibit includes the promissory note in the filing?

The promissory note is included as Exhibit 10.1 to the Form 8-K.

Who signed the 8-K for Translational Development Acquisition Corp.?

The filing shows Michael B. Hoffman signing as Chief Executive Officer.
Translational Development Acquisition Corp

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