---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-073672"
form_type: "8-K"
ticker: "BBCQ"
cik: "0002088295"
company_name: "Bleichroeder Acquisition Corp. II"
filed_at: "2026-06-30T20:05:41+00:00"
generated_at: "2026-06-30T20:07:25.551070+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pasqal reports €16.5M 2025 revenue, €66M booked business, 10 QPUs deployed at analyst day

## Summary
- Pasqal reported €16.5M in 2025 commercial revenue and €66M+ in booked & awarded business as of March 2026.
- Pasqal has 7 installed QPUs and 3 in production, with 100-200+ qubits per system, operating without cryogenics.
- Technology roadmap targets 10,000+ physical qubits and 200+ logical qubits with 99.9999% fidelity by 2029.
- Key customers include Aramco, Credit Agricole, and LG Electronics; partnerships with IBM and Nvidia.
- Pasqal has raised $550M+ to date, including $250M committed convertible financing for the business combination.

## SEC filing metadata
- accession: 0001213900-26-073672
- form_type: 8-K
- ticker: BBCQ
- cik: 0002088295
- company_name: Bleichroeder Acquisition Corp. II
- filed_at: 2026-06-30T20:05:41+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2088295/000121390026073672/0001213900-26-073672-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2088295/000121390026073672/ea0296421-8k425_bleichro2.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-073672
- JSON: https://secwatch.observer/filing/0001213900-26-073672.json
- Plain text: https://secwatch.observer/filing/0001213900-26-073672.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.