Bleichroeder Acquisition Corp. II consummated its business combination with Pasqal Holding SAS on August 27, 2026, resulting in the surviving entity being renamed Pasqal Holding SA. The transaction established a capital foundation of approximately $360 million in cash to accelerate global quantum-system deployment and commercial adoption. Bleichroeder’s securities were delisted from Nasdaq, while New Pasqal shares and warrants are expected to begin trading on August 28, 2026, under the ticker symbols “PSQL” and “PSQLW.” All directors and officers of the former SPAC resigned upon closing. Pasqal Holding SA is a global leader in neutral-atom quantum computing that builds and operates quantum computers for industry, science, and governments.

Bleichroeder Acquisition Corp. II shareholders approved the business combination with Pasqal Holding SAS at an extraordinary general meeting on August 25, 2026. The transaction was supported by 21,467,865 votes in favor against 2,616,196 opposed. Public shareholders elected to redeem 26,039,602 Class A ordinary shares. The company operates as a blank check company focused on completing a merger with a quantum computing firm.

The SEC declared effective the Form F-4 registration statement for the proposed business combination between SPAC Bleichroeder Acquisition Corp. II and Pasqal Holding SAS on August 5, 2026. This regulatory approval is a critical milestone enabling the merger to proceed toward completion. Bleichroeder has scheduled an extraordinary general meeting for August 25, 2026, to seek shareholder approval for the transaction. Upon closing, the combined entity will operate as Pasqal Holding SA and trade on Nasdaq under the ticker PSQL. The deal remains subject to customary closing conditions and final shareholder vote. Pasqal is a global leader in neutral-atom quantum computing technology.