M&A
confidence high
sentiment positive
materiality 0.75
Shareholders approve Pasqal business combination; ~26M shares redeemed
Bleichroeder Acquisition Corp. II
- Shareholders approved business combination with Pasqal at Aug 25 EGM; vote 21,467,865 for, 2,616,196 against.
- Public holders redeemed 26,039,602 Class A shares (~90.6% of 28.75M outstanding) at per-share redemption price.
- Nine directors elected to New Pasqal Board incl. Alain Aspect, Michel Combes, Jean Raby, and Andrew Gundlach.
- All incentive plans (RSU, BSPCE, stock options), warrant delegation, share issuance, and governing documents approved.
- Reincorporation merger and French merger proposals also passed; Adjournment proposal not presented due to sufficient votes.