French quantum scale-up Pasqal hits Nasdaq with €309 million in cash at closing
Paris-based quantum computing scale-up Pasqal is set to begin trading on Nasdaq today after completing its business combination with Bleichroeder Acquisition Corp. II – marking the DeepTech company’s transition from a venture-backed scale-up to a publicly listed business. The transaction leaves the company with approximately €309 million ($360 million) in cash at closing, which they […] The post…
Pasqal, a French quantum computing scale-up, will commence trading on Nasdaq today following its business combination with Bleichroeder Acquisition Corp. II. This transition marks the venture-backed company's shift to a publicly listed business, providing the DeepTech firm with approximately €309 million ($360 million) in cash at closing.
This capital is earmarked for accelerating the deployment of its quantum computing technology, expanding manufacturing capacity, and advancing towards fault-tolerant quantum computing. The listing comes after Bleichroeder shareholders approved the transaction on August 25, 2026. Pasqal's CEO, Wasiq Bokhari, emphasized that today signifies an acceleration point rather than a finish line.
The company's technology leverages arrays of neutral atoms manipulated with lasers to conduct quantum calculations, with Pasqal pursuing a platform capable of supporting analog quantum computing today while developing towards fault-tolerant systems. Pasqal will utilize its new capital for manufacturing and deploying more quantum processing units (QPUs), expanding its production capabilities in Palaiseau, integrating its technology with classical high-performance computing infrastructure, and growing its commercial operations internationally.
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