Pasqal Completes Business Combination with Bleichroeder Acquisition Corp. II, Begins Trading on Nasdaq

Pasqal Completes Business Combination with Bleichroeder Acquisition Corp. II, Begins Trading on Nasdaq Neutral-atom quantum computing provider Pasqal has completed its previously announced business combination with special purpose acquisition company Bleichroeder Acquisition Corp. II (NASDAQ: BBCQ). The combined entity now operates as Pasqal Holding SA. Its ordinary shares and warrants begin trading today, August 28, 2026, on The Nasdaq Stock Market under the ticker symbols “PSQL” and “PSQLW”, respectively. [ Pasqal Holding SA Nasdaq Business Combination Overview ]Public Capital & ValuationHardware Fleet & DeploymentsStrategic Capital Deployment• Nasdaq Tickers: PSQL / PSQLW• 7 Deployed QPUs Globally• QPU Manufacturing & Fleet Expansion• ~$360M Cash Available at Closing• 3 Additional QPUs in Production• Fault-Tolerant Roadmap Advancement• Bleichroeder Approval: Aug 25, 2026• 25+ Industry Applications Active• HPC & Cloud Platform Integration $360 Million Capital Foundation for Global Scaling Following the approval of the transaction by Bleichroeder shareholders on August 25, 2026, the deal establishes approximately $360 million in cash available at closing. Under CEO Wasiq Bokhari, Pasqal plans to allocate the capital across key commercial and technical priorities: QPU Manufacturing & Deployment: Scaling the production and international delivery of its neutral-atom quantum processing units (QPUs) for on-premises data center installations and cloud accessibility. Hardware & Roadmap Acceleration: Advancing its single-platform neutral-atom architecture from analog quantum processing toward fault-tolerant quantum computing (FTQC). HPC & Enterprise Integration: Deepening software and hardware integration with classical high-performance computing (HPC) environments, alongside expanded cloud access options. Commercial Footprint and Global Enterprise Adoption Co-founded in 2019 by 2022 Nobel Prize-winning physicist Alain Aspect, Pasqal currently operates seven deployed QPUs with three additional systems in production. Its quantum processors run in standard data center environments and serve over 25 commercial and research applications across energy, finance, and materials science. Pasqal’s customer and partner ecosystem includes Saudi Aramco, Crédit Agricole CIB, LG Electronics, NVIDIA, and the IBM Quantum Network. Advisors for the transaction included Lazard Frères SAS and Orrick, Herrington & Sutcliffe LLP for Pasqal, with Cantor Fitzgerald & Co., Reed Smith LLP, and Cohen & Company Capital Markets serving Bleichroeder. Review official announcement details via Pasqal here, inspect SEC filing disclosures via SEC.gov here, and examine our previous coverage of Pasqal and Bleichroeder Acquisition Corp. II File Form F-4 SEC Registration for $2 Billion Public Nasdaq Merger here and Pasqal to Go Public via $2 Billion Business Combination with Bleichroeder Acquisition Corp. II here. August 28, 2026 Mohamed Abdel-Kareem2026-08-28T07:31:32-07:00 Leave A Comment Cancel replyComment Type in the text displayed above Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.