{
  "id": 3928160,
  "title": "French quantum scale-up Pasqal hits Nasdaq with €309 million in cash at closing",
  "url": "https://urgent.news/2026/08/28/french-quantum-scale-up-pasqal-hits-nasdaq-with-309-million-in-cash",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T08:43:22.000Z",
  "source": {
    "name": "EU-Startups",
    "slug": "eu-startups",
    "url": "https://www.eu-startups.com/2026/08/french-quantum-scale-up-pasqal-hits-nasdaq-with-e309-million-in-cash-at-closing/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}