Pasqal and Bleichroeder Acquisition Corp. II Complete Business Combination

Pasqal has completed its business combination with Bleichroeder Acquisition Corp. II, with shares slated to trade on Nasdaq as PSQL from August 28. Pasqal says about $360 million will be available at closing to expand quantum processor manufacturing and deployment, advance toward fault-tolerant computing, and broaden cloud and software access. The company reports seven quantum processors deployed, three more in production, and more than 25 commercial and research applications. Pasqal CEO Wasiq Bokhari called the listing an acceleration point rather than a finish line. Pasqal is a Parkway Venture Capital portfolio company.

Read the full article: Pasqal's announcement of the completed business combination