Pasqal makes Nasdaq debut after business combination

Neutral-atom quantum-computing company Pasqal began trading on Nasdaq as PSQL after completing its combination with Bleichroeder Acquisition Corp. II. Pasqal reported approximately US$360 million of cash available at closing for hardware deployment, cloud and software expansion and progress towards fault-tolerant quantum computing. reports say a sharp first-day share rise.

Impact: Public capital gives a European quantum company more scale, but neutral-atom systems and the wider sector still face error correction, commercial adoption and revenue-quality risks.

Pasqal | a report