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Pasqal Holding completes merger with Bleichroeder SPAC

PUBLIC · PSQLAug 31, 2026•5 days ago

Acquiring Company

Pasqal

Acquired Company

Bleichroeder Acquisition Corp. II

Paris

United StatesFinancial Services

Description

Pasqal Holding has completed its merger with Bleichroeder Acquisition Corp. II, following shareholder approval. The business combination allows Pasqal to access approximately $360 million in cash to enhance its quantum computing capabilities. This merger marks Pasqal's entry into Nasdaq and strengthens its capital base for global expansion.

Company Information

Company

Pasqal

Location

Paris, Ile-de-France, France

About

What makes Pasqal, which was founded in early 2019, stand out in an increasingly crowded field of quantum computing startups is that the company is betting on neutral atoms quantum computing. As Pasqal co-founder and CEO Georges-Olivier Reymond told me, the company has already demonstrated that it can control more than 300 atoms at a time. And while there are startups that focus on building quantum control hardware, none of them are optimized for neutral atoms, he noted, so the company decided to build its own system. The company is currently working with the likes of Crédit Agricole CIB, BASF, BMW, Siemens, Airbus, Johnson & Johnson and Thales to help them understand where its technology can solve their business needs.

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Integration timeline

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Tech stack consolidation

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Frequently asked

Who acquired Bleichroeder Acquisition Corp. II?

Bleichroeder Acquisition Corp. II was acquired by Pasqal, based in Paris. The deal was reported on August 31, 2026. What makes Pasqal, which was founded in early 2019, stand out in an increasingly crowded field of quantum computing startups is that the company is betting on neutral atoms quantum computing. Pasqal is publicly traded (PSQL).

When did Pasqal acquire Bleichroeder Acquisition Corp. II?

Pasqal's acquisition of Bleichroeder Acquisition Corp. II was reported on August 31, 2026. Pasqal Holding has completed its merger with Bleichroeder Acquisition Corp. II, following shareholder approval. The business combination allows Pasqal to access approximately $360 million in cash to enhance its quantum computing capabilities. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Bleichroeder Acquisition Corp. II do?

Bleichroeder Acquisition Corp. II is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands. It is publicly traded (BBCQ), operating in Financial Services, and is based in United States.

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