Pasqal Shares Nearly Double in Nasdaq Debut
Pasqal's shares rose 95.2% to $19.11 in its Nasdaq debut after merging with Bleichroeder Acquisition Corp. II, raising $360 million. The quantum computing company plans to expand production and commercial operations. Pasqal reported €16.5 million in 2025 revenue but remains unprofitable.
How this was made

The 30-second read
Why it matters
The debut price surge reflects strong demand for quantum‑computing assets and provides capital for expansion.
Market read
First‑day surge and sizable cash raise make this a high‑impact event for quantum‑tech investors.
What to watch
Potential execution risk in scaling production and competition from other quantum vendors.
Background
Pasqal completed a merger with Bleichroeder Acquisition Corp. II, raising $360 million and debuting on Nasdaq.
Ticker impact
Pasqal shares jumped 95.2% to $19.11 on its Nasdaq debut after completing a $360 million SPAC merger.
Expect continued volatility; short‑term upside if demand for quantum hardware stays robust.
Large first‑day price move combined with a sizable cash infusion from the SPAC suggests material market interest.
Market effects
Highlights growing investor appetite for quantum‑computing hardware and may lift peer quantum firms.
Adds a high‑profile French tech listing to US markets, supporting cross‑border tech exposure.
Signals broader market interest in frontier technologies and could spur similar SPAC listings.
Counterpoint
The rapid price rise may be speculative; valuation could be overstretched without proven revenue growth.
Key entities
- CompanyPasqal
French quantum‑computing hardware developer now listed on Nasdaq.
- SPACBleichroeder Acquisition Corp. II
Special purpose acquisition company that merged with Pasqal.



