---
title: "Bleichroeder Acquisition II, Pasqal Amend Merger to Revise Board Structure and LTIP Terms"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290834676.md"
description: "Bleichroeder Acquisition II and Pasqal amended their merger agreement to revise post-merger governance and compensation. The Surviving Corporation's board will have nine members, including five non-U.S. residents. Additionally, the amendment removes contemplated additional awards for the CEO and chair, maintaining the Long-Term Incentive Plan at 10% of shares outstanding."
datetime: "2026-06-25T12:43:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290834676.md)
  - [en](https://longbridge.com/en/news/290834676.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290834676.md)
---

# Bleichroeder Acquisition II, Pasqal Amend Merger to Revise Board Structure and LTIP Terms

Bleichroeder Acquisition II entered into Amendment No. 2 to its Agreement and Plan of Merger with Pasqal to refine post-merger governance and compensation. The amendment sets the Surviving Corporation’s initial board at nine members, including five non-U.S. residents, with six jointly designated by the parties and the remainder meeting Nasdaq independence standards. It also removes previously contemplated additional awards of up to 1% for Pasqal’s CEO and supervisory board chair, leaving the LTIP at 10% of shares outstanding post-closing.

**Agreement details:**

-   **Agreement type**: Amendment No. 2 to Agreement and Plan of Merger
-   **Counterparty**: Pasqal Holding and Bleichroeder Acquisition France Merger Sub 2
-   **Signed / Effective**: Jun 25 2026 / same
-   **Duration / Termination**: Until Closing
-   **Reason**: Align governance and equity incentives for post-merger entity

Original SEC Filing: Bleichroeder Acquisition Corp. II \[ BBCQ \] - 8-K - Jun. 25, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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