Pasqal Completes De-SPAC Merger, Begins Trading on Nasdaq
Pasqal Holding (NASDAQ: PSQL) has completed its de-SPAC merger with Bleichroeder Acquisition Corp. II and began trading on the Nasdaq stock market under tickers PSQL and PSQLW starting August 28, 2026. The deal was approved by shareholders on August 25, providing Pasqal approximately $360 million in cash to accelerate quantum computing deployments and innovation. Pasqal is a leader in neutral-atom quantum processing units (QPUs), with seven QPUs currently deployed and three more under production. Its technology supports over 25 commercial applications across industries such as energy, finance, and materials science. The company plans to use the funds from the merger to expand manufacturing, advance fault-tolerant computing research, enhance cloud access, integrate classical high-performance systems, and grow its global operations. On Monday's premarket session, PSQL shares were down 14.86% at $16.27 as investors assess price discovery following the de-SPAC completion.
