Bleichroeder Acquisition Corp. II to combine with Pasqal at $2.0B pre-money valuation

Bleichroeder Acquisition Corp. II

Deal values Pasqal at $2.0B pre-money; Pasqal shareholders to receive New Pasqal shares.
$250M PIPE via Securities Purchase Agreement with accredited investors.
Closing expected in H2 2026, subject to shareholder and regulatory approvals.
Minimum $150M cash required at closing from trust, PIPE, and other financing.
New board includes Alain Aspect as non-executive chairman; CEO Wasiq Bokhari.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Bleichroeder Acquisition Corp. II entered into Agreement and Plan of Merger with Pasqal Holding SAS valued at Pasqal at $2.0 billion pre-money (effective 2026-02-28).

Action: entry
Agreement: merger
Counterparty: Pasqal Holding SAS
Value: Pasqal at $2.0 billion pre-money
Effective: 2026-02-28

Exact text from the filing

On February 28, 2026 (the “ Signing Date ”), Bleichroeder Acquisition Corp. II, a Cayman Islands exempted company (“ Bleichroeder ”), entered into an Agreement and Plan of Merger (as it may be amended, supplemented or otherwise modified from time to time in accordance with its terms, the “ Business Combination Agreement ”), by and among Bleichroeder, Bleichroeder Acquisition 2 France, a société par actions simplifiée formed under the laws of the Republic of France and wholly owned subsidiary of Bleichroeder (“ Parent Merger Sub ”), and Pasqal Holding SAS, a société par actions simplifiée formed under the laws of the Republic of France (“ Pasqal ”)

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Bleichroeder Acquisition Corp. II filing history →

Source: SEC EDGAR

accession 0001213900-26-023839

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