Pre-IPO quantum computing company profile · Founded 2019 · Palaiseau, France
Company Facts
IPO Status
Shareholder vote Aug. 25, 2026
Once the listing closes, Pasqal will join the tracked pure-play quantum stocks on this site.
The Pasqal IPO is expected to complete in the second half of 2026 via a SPAC business combination with Bleichroeder Acquisition Corp. II, which trades on Nasdaq under the ticker BBCQ. The deal values Pasqal at $2.0 billion pre-money and includes $200 million in committed convertible financing; after closing, the combined company will operate under the Pasqal name and list on Nasdaq.
After closing, the combined company intends to list on Nasdaq under the symbols "PSQL" and "PSQLW." Until the merger closes, BBCQ is the publicly traded SPAC shell; the planned symbols remain subject to closing and Nasdaq approval.
Pasqal is France's flagship quantum computing company and Europe's leading neutral-atom player. It was co-founded in 2019 by physicist Alain Aspect — who won the 2022 Nobel Prize in Physics for his foundational experiments on quantum entanglement — alongside Georges-Olivier Reymond and researchers from the Institut d'Optique.
Its processors trap arrays of neutral atoms with optical tweezers and manipulate them with lasers. Neutral-atom systems scale to hundreds of physical qubits at room-temperature infrastructure (no dilution refrigerator) and excel at quantum simulation and optimization workloads. Pasqal has already delivered 100+ qubit systems to European HPC centers, including the Jülich Supercomputing Centre and GENCI/CEA in France.
In 2026 Pasqal announced it will go public via a business combination with Bleichroeder Acquisition Corp. II (Nasdaq: BBCQ) at a $2.0 billion pre-money valuation, expected to close in the second half of 2026 — which would make it one of the first neutral-atom companies on a US exchange.
| Round | Amount | Date | Key Investors | Valuation |
|---|---|---|---|---|
| SPAC combination (announced) | $200M committed | 2026 | Bleichroeder Acquisition Corp. II (Nasdaq: BBCQ) | ~$2B |
| Series B | €100M | Jan 2023 | Temasek (lead), European Innovation Council, Wa'ed Ventures, Bpifrance | — |
| Series A | €25M | Jun 2021 | Quantonation, Defense Innovation Fund, Runa Capital, Daphni | — |
Infleqtion (INFQ) is the closest public comparable — the only listed neutral-atom pure-play. Until the Pasqal listing closes, sector exposure is available through the tracked pure-plays or the QTUM ETF.
Related company roadmaps: Official IonQ quantum roadmap · Official Rigetti quantum roadmap
Can you buy Pasqal stock?
Not directly yet. Pasqal announced a SPAC business combination with Bleichroeder Acquisition Corp. II expected to close in H2 2026. Until it closes, the SPAC shell trades on Nasdaq as BBCQ; after closing, Pasqal expects ordinary shares to trade as PSQL and warrants as PSQLW.
When is the Pasqal IPO date?
The SEC declared the F-4 effective on August 5, 2026, and Bleichroeder scheduled its shareholder vote for August 25, 2026. Closing remains subject to shareholder approval and other conditions.
What is Pasqal's stock ticker symbol?
Pasqal intends to list its ordinary shares and warrants on Nasdaq under the symbols "PSQL" and "PSQLW" after the merger closes. Until then, Bleichroeder Acquisition Corp. II trades as BBCQ; the planned Pasqal symbols remain subject to closing and Nasdaq approval.
What is Pasqal's valuation?
The announced business combination values Pasqal at roughly $2.0 billion pre-money, with $200 million in committed convertible financing. Its last private round was a €100M Series B led by Temasek in January 2023.
What makes Pasqal different from IonQ or Rigetti?
Pasqal uses neutral atoms trapped by optical tweezers rather than trapped ions (IonQ) or superconducting circuits (Rigetti). Neutral-atom arrays scale to hundreds of qubits without cryogenics and are strongest at quantum simulation and optimization.
How can I invest in neutral-atom quantum computing today?
Infleqtion (INFQ) is the only neutral-atom pure-play currently listed on a US exchange, and the Pasqal deal can be traded via the BBCQ SPAC shell before closing. QuEra remains private.
More pre-IPO quantum companies
Static profile, updated manually · Last updated 2026-08-21 · Sources: Pasqal go-public announcement ↗ · Bleichroeder Acquisition Corp. II 8-K (SEC) ↗ · Pasqal 424B3 prospectus (SEC, Aug. 5, 2026) ↗ · Bleichroeder F-4 effectiveness 8-K (SEC, Aug. 6, 2026) ↗ · Bleichroeder definitive proxy (SEC, Aug. 6, 2026) ↗ · Pasqal F-4 proxy statement (SEC, Jul. 2026) ↗