- SPAC value
- $2B
- New capital
- €340M
Pasqal is a French quantum-computing company building neutral-atom processors, one of five hardware bets France backs under its €500 million PROQCIMA programme. In June 2026 it agreed to go public via a $2 billion SPAC combination with Bleichroeder Acquisition Corp. II, raising €340 million with a Nasdaq listing expected in H2 2026. It also published full-stack integration work letting researchers request quantum time through the Slurm HPC scheduler, already running on Italy's Leonardo supercomputer. The SEC declared its Form F-4 effective on 5 August 2026, putting the transaction to a Bleichroeder shareholder vote on 25 August ahead of a listing under the ticker PSQL.