Translational Development Acquisition Corp.
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SEC XBRL · annual| FY25 | FY24 | FY23 | |
|---|---|---|---|
| Revenue | — | — | — |
| Operating income | −$944,538 | −$196,358 | −$485,550 |
| Net income | $6.4M | −$71,012 | −$485,550 |
| Total assets | $181.7M | $175.0M | $2,021 |
| Total liabilities | $6.6M | $6.2M | $509,679 |
| Equity | −$6.5M | −$5.6M | −$507,658 |
| EPS (diluted) | — | — | — |
| Shares out. | — | 0 | 0 |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- —
- Net margin
- —
- Return on equity
- −97.3%
- Return on assets
- 3.5%
- Return on capital (ROCE)
- −0.5%
- Liabilities / assets
- 3.6%
- Debt / equity
- —
- Book value / share
- —
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -1.21distress
- Accruals / assets
- 3.8%clean
- Piotroski F-Score
- 2/6weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 2 severe● 1 warning● 2 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Negative operating cash flow
- Conservative leverage (liabilities < 50% of assets)
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Goldman Sachs Group IncPassive (13G)May 13, 2026
- Wolverine Asset Management LlcPassive (13G)Oct 10, 2025
- Bank Of Montreal /Can/Passive (13G)Jul 31, 2025
- Aqr Capital Management LlcPassive (13G)May 14, 2025
- Healthcare Of Ontario Pension Plan Trust FundPassive (13G)May 14, 2025
- Magnetar Financial LlcPassive (13G)Jan 29, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 203 | 1.0 | +5.2% |
| Apr 30, 2026 | 193 | 1.0 | -60.8% |
| Apr 15, 2026 | 492 | 1.0 | -23.6% |
| Mar 31, 2026 | 644 | 1.0 | +329.3% |
| Mar 13, 2026 | 150 | 1.0 | -91.1% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Entered a material agreement · Regulation FD disclosureMay 27, 2026
- New financial obligation · Other material eventAug 14, 2025
- Other material eventFeb 14, 2025
- Other material eventDec 31, 2024
- Entered a material agreement · Unregistered equity sale · Director / officer change · Amended charter or bylaws · Other material eventDec 27, 2024
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 4OWNERSHIP DOCUMENTMay 29, 2026
- DEFA14AMay 28, 2026
- DEF 14AMay 27, 2026
- 425May 27, 2026
- 8-KFORM 8-KMay 27, 2026
- 10-QMay 15, 2026
- SCHEDULE 13GMay 13, 2026
- 10-K/AMay 11, 2026
- 10-K/AFORM 10-K/AMay 6, 2026
- PRE 14AMay 1, 2026
- 10-KMar 30, 2026
- 10-QNov 14, 2025
- SCHEDULE 13G/AOct 10, 2025
- 8-KFORM 8-KAug 14, 2025
- 10-QAug 14, 2025
Event-driven situations (1)
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