Bleichroeder Acquisition, Pasqal Sign $2.0 Billion Merger Backed by $200 Million Convertible Financing

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2026.03.05 11:13
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Bleichroeder Acquisition II and Pasqal have signed a Business Combination Agreement valuing Pasqal at $2.0 billion pre-money. The merger includes a Cayman-to-France reincorporation and is supported by a $200 million investment through convertible bonds. Key stakeholders have committed to vote for the transaction, which is expected to close in the second half of 2026, pending regulatory and shareholder approvals. The deal aims to take Pasqal public and combine operations, with additional agreements in place to secure financing and shareholder support.