Bleichroeder completes business combination with Pasqal; shares to trade as PSQL

Bleichroeder Acquisition Corp. II

Business combination closed Aug 27, 2026; surviving company renamed Pasqal Holding SA.
Ordinary shares and warrants to trade on Nasdaq as PSQL and PSQLW starting Aug 28, 2026.
Approximately $360M cash available at closing to fund quantum computing expansion.
Bleichroeder shareholders approved deal on Aug 25, 2026; BBCQ units/shares/warrants delisted.
Pasqal has 7 QPUs deployed, 3 more in production; supports 25+ commercial/research apps.

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