Pasqal to go Public via SPAC Merger
Analysis based on 9 articles · First reported Mar 04, 2026 · Last updated Mar 07, 2026
The SPAC merger of Pasqal and Bleichroeder Acquisition Corporation II is expected to bring a significant quantum computing company to the public market, potentially boosting investor confidence in the emerging quantum technology sector. The substantial capital infusion will accelerate Pasqal's growth and commercialization, signaling positive developments for the industry.
Pasqal, a France-based neutral-atom quantum computing company, has announced a definitive business combination agreement with Bleichroeder Acquisition Corporation II, a SPAC. This merger will take Pasqal public, valuing it at $2 billion pre-money, and is expected to close in the second half of 2026, with the combined entity listing on Nasdaq. The deal includes $200 million in committed convertible financing from investors like Inflection Point and Bpifrance Large Venture, and is projected to provide over $600 million in gross proceeds. This capital will be used to accelerate the commercialization of Pasqal's technology, expand its international footprint, and advance fault-tolerant quantum computing systems. Pasqal, co-founded by Nobel laureate Alain Aspect, has deployed seven quantum computers globally and works with customers such as Sumitomo Corporation, LG Electronics, CMA CGM, and Thales Group, and partners like IBM and Nvidia.
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