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Pasqal and Bleichroeder Acquisition Corp. II Complete Business Combination

  • Pasqal Holding SA completed its business combination with Bleichroeder Acquisition Corp. II on August 25, 2026, becoming a public company.
  • Pasqal ordinary shares & warrants will begin trading on Nasdaq on August 28, 2026, under the ticker symbols "PSQL" & "PSQLW".
  • The transaction provides approximately $360 million in cash at closing to accelerate global quantum-system deployment & commercial adoption.
  • Capital will be deployed to expand manufacturing of quantum processing units ("QPUs"), advance the roadmap toward fault-tolerant quantum computing, & scale cloud platform access.
  • Pasqal currently operates seven deployed QPUs with three more in production, supporting over 25 commercial & research applications across energy, financial services, & materials science.
  • The company's neutral-atom technology offers a scalable, energy-efficient hardware platform designed to deliver analog quantum computing today & evolve toward fault tolerance.
  • Pasqal is co-founded by Nobel Prize-winning physicist Alain Aspect & maintains a global presence in North America, Europe, the Middle East, & Asia.
  • Strategic partnerships include NVIDIA & IBM, with Pasqal listed as part of the IBM Quantum Network.