French quantum computing firm Pasqal merges with SPAC, lists publicly

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French quantum computing firm Pasqal has merged with special purpose acquisition company Bleichroeder Acquisition Corp. II, becoming a publicly traded entity and securing approximately $360 million in cash. This transaction is expected to support further investment and development in the quantum computing sector.

Key facts

• Pasqal, a French firm, specializes in quantum computing and develops quantum processors.
• The company has completed a merger with Bleichroeder Acquisition Corp. II, a special purpose acquisition company.
• The merger has provided Pasqal with approximately $360 million in cash.
• Pasqal will now be a publicly traded entity.
• The public listing is anticipated to boost investment and advancement in quantum computing.