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Bleichroeder completes business combination with Pasqal; shares to trade as PSQL
Business combination closed Aug 27, 2026; surviving company renamed Pasqal Holding SA.
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Shareholders approve Pasqal business combination; ~26M shares redeemed
Shareholders approved business combination with Pasqal at Aug 25 EGM; vote 21,467,865 for, 2,616,196 against.
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SPAC amends CEO advisory agreement with MJP affiliate, sets closing fee up to $1.85M
Monthly fee of $18,000; $1,850,000 closing fee at business combination, or $600,000 if liquidated.
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Bleichroeder sets Aug 25 shareholder vote on Pasqal business combination
Shareholder vote on proposed business combination with Pasqal set for August 25, 2026.
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SEC declares effective Pasqal-Bleichroeder F-4; shareholder meeting set for Aug 25, 2026
SEC declared effective the joint F-4 registration statement on August 5, 2026 for the Pasqal-Bleichroeder business combination.
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Bleichroeder and Pasqal amend merger agreement to revise equity incentive plan terms
Amendment No. 3 revises the LTIP to allow awards up to 10% of outstanding shares post-closing.
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Pasqal reports €16.5M 2025 revenue, €66M booked business, 10 QPUs deployed at analyst day
Pasqal reported €16.5M in 2025 commercial revenue and €66M+ in booked & awarded business as of March 2026.
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Bleichroeder and Pasqal amend merger terms: board set at 9 directors, LTIP capped at 10%
Surviving corp's board set at 9 directors; 5 must be French/European non-US residents.
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Bleichroeder and Pasqal amend merger deal, boost PIPE to $250M, file F-4
Amendment assigns merger sub to New Merger Sub; updates transaction structure and definitions.
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Bleichroeder Acquisition Corp. II appoints Marcello Padula as CEO; Andrew Gundlach becomes Executive Chairman
Andrew Gundlach resigned as President and CEO, appointed Executive Chairman effective April 29, 2026.
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Bleichroeder Acquisition Corp. II to combine with Pasqal at $2.0B pre-money valuation
Deal values Pasqal at $2.0B pre-money; Pasqal shareholders to receive New Pasqal shares.
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Bleichroeder Acquisition Corp. II appoints Philippe Nyssen and Clemence Rasigni as directors
Appointments effective February 10, 2026; both qualify as independent directors.
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Bleichroeder Acquisition Corp. II announces separate trading of shares and warrants from January 28, 2026
Effective Jan 28, 2026, unit holders may separately trade Class A ordinary shares (BBCQ) and warrants (BBCQW).
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Bleichroeder Acquisition Corp. II closes IPO of 28.75M units at $10.00, raising $287.5M
Sold 28,750,000 units at $10.00/unit, including full exercise of over-allotment (3.75M units), gross proceeds $287.5M.
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Bleichroeder Acquisition Corp. II closes $287.5M IPO; 28.75M units at $10.00
Gross proceeds of $287.5M from IPO (28.75M units including full over-allotment) and private placement; $287.5M deposited in trust.