Pasqal Holding SA expects its ordinary shares to begin trading on Nasdaq under the ticker symbol "PSQL" on August 28th

Transaction establishes a strong capital foundation for Pasqal as a public company, with approximately $360 million of cash available at closing to accelerate global quantum-system deployment, commercial adoption and Pasqal’s path toward fault-tolerant quantum computing

Public listing creates a long-term capital platform for one of the world’s leading neutral-atom quantum computing companies

PARIS and NEW YORK, Aug. 27, 2026 (GLOBE NEWSWIRE) -- Pasqal Holding SA ("Pasqal"), a global leader in neutral-atom quantum computing, and Bleichroeder Acquisition Corp. II (NASDAQ:BBCQ), a special purpose acquisition company ("Bleichroeder"), today announced the successful completion of their previously announced business combination.

Bleichroeder shareholders approved the business combination and related proposals on August 25, 2026. Following the completion of a series of mergers between Bleichroeder and Pasqal Holding SAS, the surviving company became Pasqal Holding SA and will continue to operate under the Pasqal name. Pasqal Holding SA’s ordinary shares and warrants are expected to begin trading on The Nasdaq Stock Market on August 28, 2026 under the ticker symbols "PSQL" and "PSQLW", respectively. Bleichroeder’s Class A ordinary shares, warrants and units will cease trading.

The transaction establishes a strong capital foundation for Pasqal as a public company, with approximately $360 million of cash available at closing to accelerate global deployment of its quantum computing platform, support continued innovation and further expand commercial adoption worldwide.

Pasqal intends to deploy the additional capital across the priorities that define its next stage of growth: expanding the manufacturing and deployment of its quantum processing units ("QPUs"), advancing its technology roadmap toward fault-tolerant quantum computing, broadening access to its cloud and software platform, deepening integration with classical high-performance computing infrastructure and scaling its commercial operations globally.