Orrick Advises Pasqal on Completed Business Combination

Français: Orrick conseille Pasqal dans le cadre de son rapprochement avec Bleichroeder Acquisition Corp. II et de sa cotation sur le Nasdaq

Orrick advised Pasqal Holding SA, a France-headquartered company and a global leader in neutral-atom quantum computing, on the successful completion of its previously announced business combination with Bleichroeder Acquisition Corp. II (NASDAQ: BBCQ), a special purpose acquisition company.

Pasqal Holding SA's ordinary shares and warrants are expected to begin trading on The Nasdaq Stock Market on August 28 under the ticker symbols "PSQL" and "PSQLW", respectively. The transaction establishes a strong capital foundation for Pasqal as a public company, with approximately $360 million of cash available at closing.

THE CLIENT

Pasqal helps organizations tackle problems that are difficult or impossible to solve with conventional computing methods alone. Founded in 2019 on Nobel Prize-winning research, Pasqal builds and operates neutral=-atom quantum computers, delivered with a full software stack, for industry, science, and governments. Pasqal's production-ready systems are available both on-premises and through the cloud, enabling organizations to harness quantum computing without requiring in-house quantum expertise. A single hardware platform supports analog workloads today and is designed to evolve toward fault-tolerant quantum computing in the future.

THE IMPACT

Pasqal intends to deploy the additional capital across the priorities that define its next stage of growth: expanding the manufacturing and deployment of its quantum processing units, advancing its technology roadmap toward fault-tolerant quantum computing, broadening access to its cloud and software platform, deepening integration with classical high-performance computing infrastructure and scaling its commercial operations globally.

THE TEAM

The Orrick team was led by Olivier Jouffroy, Yves Lepage, Albert Vanderlaan, and Marsha Mogilevich and included Travis Cherry, Parth Deshmukh, Ray Liang, Anna Zimmerman, David Schwartz, Brian Blood, Dean Corrado, Bruno Romagnoli, Antoine Ciolfi, Mayeul Lelievre, Violette Jacquot, Emeline Paillie Tuttle, Kiyane Sabeur, Dorian Blandin, Peter Elias, Steve Malvey, Cécile Mariotti, Jessie Gaston, Maïten Le Brishoual, Hichem Hadj Abdelkader, Jason Flaherty, Taylor Ball, Alice Hsu, Julia Apostle, Jennifer Criss, Daniel Kearney, Kristen Mationg, Craig Falls, Patrick Hubert, Kristin Petersen, Harry Clark, Matthew Coleman and Carly Owens.

LEARN MORE

• Pasqal's Announcement
• Pasqal's €340M Financing in Anticipation of Public Listing
• Read More Orrick Client Results