SEC Declares Registration Statement Effective for Pasqal’s Business Combination with Bleichroeder Acquisition Corp. II

French neutral-atom quantum computing developer Pasqal Holding SAS has announced that its joint Form F-4 Registration Statement with Special Purpose Acquisition Company (SPAC) Bleichroeder Acquisition Corp. II (NASDAQ: BBCQ) was declared effective by the U.S. Securities and Exchange Commission (SEC) on August 5, 2026. Bleichroeder has scheduled an extraordinary general meeting for August 25, 2026, where shareholders will vote to approve the transaction. Upon closing, the combined enterprise will operate as Pasqal Holding SA and trade on the Nasdaq stock exchange under the ticker symbol PSQL.

Founded in 2019 by Nobel laureate Alain Aspect and leading quantum physicists, Pasqal builds neutral-atom quantum processors operating in standard data center environments. With over $300 million in private funding raised to date, the company has deployed system architectures exceeding 1,000 physical qubits while targeting a roadmap of over 10,000 physical qubits and 200 fault-tolerant logical qubits.

                   [ Pasqal NASDAQ Public Listing Roadmap ]
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     ▼                                                                   ▼
  Transaction Milestones                                Commercial & HPC Operational Base
  • SEC Form F-4 Declared Effective (Aug 5, 2026).     • CINECA Leonardo Supercomputer Integration (140 Qubits).
  • Shareholder Vote Date Set for August 25, 2026.     • LANL Materials Simulation Quantum Advantage Milestone.
  • Ticker Symbol PSQL Reserved for NASDAQ Debut.      • Partnerships: Aramco, Crédit Agricole, MegazoneCloud.

The regulatory clearance follows several commercial and technical milestones for Pasqal:

• Materials Science Quantum Advantage: Collaborated with Los Alamos National Laboratory (LANL) to demonstrate quantum advantage in materials simulation workloads.
• European HPC Integration: Launched Italy’s first neutral-atom QPU at CINECA, integrating a 140-qubit Pasqal system directly with the Leonardo supercomputer.
• Commercial Enterprise Expansion: Formed strategic deployment partnerships with South Korea’s MegazoneCloud, expanded capital market algorithm development with Crédit Agricole CIB, continued industrial modeling with Saudi Aramco, and partnered with True Nexus on 3D protein gelation modeling for sustainable food design.

Review the official SEC registration announcement on the Pasqal Newsroom here, inspect official SEC filings on the SEC EDGAR System here, and examine our previous coverage of Pasqal’s CINECA HPC Integration here, Los Alamos Materials Science Benchmark here, Form F-4 SEC Registration Filing here, and $2B SPAC Business Combination Announcement here.

August 7, 2026