Pasqal Shares Nearly Double in Nasdaq Debut

Pasqal (NASDAQ: PSQL) has moved its €50 million Q-PLANET initiative into execution phase, leading a 28-partner consortium to build a European supply chain for neutral-atom quantum tech. The 3-year project, co-funded by the EU and national agencies, aims to industrialize chip-scale components for quantum computing, sensing, and communications. Pasqal will validate microfabricated vapor cells and laser sources for its quantum processors.

Pasqal Holding SA (PSQL) furnished an SEC Form 6-K — earnings release. Exhibit 99.1 Pasqal Reports First Half 2026 Financial Results Strong Operational Execution and Progress Across Customer Deployments, Commercial Partnerships and Product Development Revenue Increased 14% Year-Over-Year, Including 34% Growth in QPU-Related Services Revenue PARIS an

Pasqal's stock surged 54.7% to $15.14 at its Nasdaq debut, following a $2 billion merger. The company raised $360 million in cash and plans to scale up manufacturing and develop fault-tolerant systems. Other quantum computing stocks declined 2.7% to 6.0%. Pasqal reported €23.7 million in total revenue for 2025, with €16.5 million from commercial sales.

Pasqal began trading on Nasdaq under ticker PSQL, raising $360M via a SPAC merger. The company has a valuation of about 100 times its 2025 revenue of €16.5M. Pasqal has deployed quantum hardware with customers like Saudi Aramco and Crédit Agricole CIB. The funds will support manufacturing, R&D, and expansion. France retains veto power over significant non-French/EU stakes.

Bleichroeder Acquisition Corp. II (BBCQ) filed an SEC Form 8-K — Completion of Acquisition or Disposition of Assets. Exhibit 99.1 Pasqal and Bleichroeder Acquisition Corp. II Complete Business Combination Pasqal Holding SA expects its ordinary shares to begin trading on Nasdaq under the ticker symbol “PSQL” on August 28th Transaction establishes a strong capital foundation for Pasqal as a publi

HDFC Bank shares fell 1.3% after FIIs sold 2.43% stake in Q3, reducing their holding to 39.39%. DIIs increased stake to 43.44%. Anup Bagchi's CEO appointment was noted, with mixed analyst reactions. The bank reported 18.8% deposit and 16.3% gross advance growth. The stock trades at a 25% discount to ICICI and is down 31% from its 2025 high.