Quantum scale-up Pasqal plans $2B SPAC listing, promises to ‘remain French’

Pasqal is set to merge with Bleichroeder Acquisition Corp II for a $2 billion SPAC listing on Nasdaq. The deal comes with a $200 million funding round, positioning Pasqal as a major player in quantum computing.

This move highlights the growing investor interest in quantum tech. With annual revenues in the tens of millions, Pasqal aims to compete with U.S. counterparts while maintaining its French roots and commitment to local job creation.