BBCQ
$10.06
Recent News
Quantum scale-up Pasqal plans $2B SPAC listing, promises to ‘remain French’
A SPAC deal that is set to take French quantum company Pasqal public on the Nasdaq values the company at $2 billion pre-money.
Quantum startup Pasqal to go public via SPAC at $2B valuation
Image courtesy of Pasqal Paris-based Pasqal is set to go public, joining a growing cohort of quantum startups to list via a SPAC. The company will combine with Bleichroeder Acquisition Corp. II, a vehicle set up by Michel Combes and Andrew Gundlach, at a $2 billion pre-money valuation. The deal includes $200 million in convertible financing and $289 million in cash, assuming no investor redemptions. The combined company is expected to have a pro forma market capitalization of about $2.6 billion,
Pasqal plans public debut with Bleichroeder in $2bn SPAC deal
Co-founded by Nobel laureate Alain Aspect, Pasqal builds neutral atom quantum computers for industry, research, and government use.