{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-023839","form_type":"8-K","ticker":"BBCQ","cik":"0002088295","company_name":"Bleichroeder Acquisition Corp. II","filed_at":"2026-03-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.232868+00:00","generated_at":"2026-05-15T20:03:51.874787+00:00","sec_items":["1.01","3.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Bleichroeder Acquisition Corp. II to combine with Pasqal at $2.0B pre-money valuation","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-023839","json":"https://secwatch.observer/filing/0001213900-26-023839.json","markdown":"https://secwatch.observer/filing/0001213900-26-023839.md","text":"https://secwatch.observer/filing/0001213900-26-023839.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2088295/000121390026023839/0001213900-26-023839-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2088295/000121390026023839/ea0279218-8k425_bleich2.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T20:03:51.874787+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8f41984af7ac95df714823b67e7fce3515d1d0d4","claim":"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).","evidence_excerpt":"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 ”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/2088295/000121390026023839/0001213900-26-023839-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Pasqal Holding SAS"},{"label":"Value","value":"Pasqal at $2.0 billion pre-money"},{"label":"Effective","value":"2026-02-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}