SPDR Dow Jones Industrial Average ETF

SPDR S&P 500 ETF Trust

Invesco QQQ Trust Series 1

Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center and AI (DCAI), Intel Foundry Services (IFS), and All Other. The CCG segment consists of platforms designed for notebooks, 2-in-1 systems, desktops, tablets, phones, wireless and wired connectivity products, and mobile communication components. The DCAI segment delivers solutions to cloud service providers and enterprise customers, along with silicon devices for communications service providers and high-performance computing customers. The IFS segment refers to full stack solutions created from the foundry industry ecosystem. The All Other segment represents results from other non-reportable segments and corporate-related charges. The company was founded by Robert Norton Noyce and Gordon Earle Moore on July 18, 1968, and is headquartered in Santa Clara, CA.

Intel Corp.

Intel Corp

Intels quarterly report triggered a sharp selloff as weaker-than-expected fourth-quarter guidance, ongoing PC weakness and supply constraints overshadowed stronger data-center and AI growth. Traders are divided between calling the drop an overreaction to the outlook and arguing that it exposes continuing execution and earnings risks.

Sandisk Corp. engages in the development, manufacture, and provision of storage devices and solutions based on NAND flash technology. Its products include solid state drives, memory cards, and USB flash drives. The company was founded on February 5, 2024 and is headquartered in Milpitas, CA.

Sandisk Corp

SanDisks strong quarterly results and upbeat outlook, driven by AI data-center storage demand, along with its announced 8-for-1 stock split, dominate discussion. Traders are split between viewing the report as a bullish sign for memory demand and questioning the weak, volatile share-price reaction amid broader tech-sector selling and possible profit-taking.

Amazon.com, Inc. is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment offers retail sale of consumer products, including from sellers, advertising, and subscriptions services through North America-focused online and physical stores. The International segment focuses on retail sale of consumer products, including sellers, advertising, and subscription services through internationally focused online stores. The AWS segment is composed of global sales of computers, storage, databases, and other services for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

Amazon.com Inc.

Amazon.com Inc

Amazons quarterly results and outlook sparked a sharp selloff, as slight revenue and earnings misses, heavy AI infrastructure spending, and weaker free cash flow fueled concerns about returns on investment. Traders debated whether those worries outweighed strong AWS growth, with some viewing the drop as excessive and others warning that spending pressure and softer retail trends could persist.

Reddit, Inc. operates an entertainment, social networking, and news website where registered community members can submit content. The firm provides online news services where users can select and rank web content. It also offers a personalized filter on the day's story, using previous votes to determine what new things the user might like to read. The company was founded by Steven Ladd Huffman and Alexis Ohanian on June 23, 2005 and is headquartered in San Francisco, CA.

Reddit Inc. - Ordinary Shares - Class A

Reddit Inc

Reddit shares are under pressure after strong quarterly results were overshadowed by weaker-than-expected fourth-quarter revenue guidance and declining U.S. daily active users, alongside concerns about Google search referrals and a planned login requirement. Traders are split between viewing the selloff as an overreaction to solid revenue and profit growth and worrying that slower user growth and AI-driven changes to search could weigh on future traffic and advertising.

Invesco QQQ Trust Series 1 - Invesco QQQ Trust Series 1

QQQs pullback is tied to Alphabets earnings-driven selloff and broader weakness in megacap tech, with traders watching Amazons results and questioning whether heavy AI spending will deliver adequate returns. Bearish posts warn the tech and AI trade may be weakening, while dip buyers see the selling as an overreaction and argue the weakness could be temporary.

Iovance Biotherapeutics, Inc. engages in the development and commercialization of cell therapies using autologous tumor-infiltrating lymphocytes (TIL) for the treatment of cancer. Its products include Amtagvi (lifileucel), and Proleukin (aldesleukin). The firm also develops investigational TIL therapies for other solid tumor cancers. The company was founded by Robert T. Brooke on September 17, 2007 and is headquartered in San Carlos, CA.

Iovance Biotherapeutics Inc

Iovances updated lung-cancer trial results drove a sharp selloff: the overall response rate was largely unchanged, while a biomarker-selected subgroup showed stronger results, leaving investors weighing the narrower opportunity and uncertain path to approval. Traders also criticized managements high expectations and poorly received conference call, while some viewed the reaction as an overreaction to promising subgroup data.

Rivian Automotive, Inc. engages in the design, development, and manufacture of category-defining electric vehicles and accessories. It operates through following segments: Automotive, Software and Services. The company was founded by Robert J. Scaringe in June 2009 and is headquartered in Irvine, CA.

Rivian Automotive Inc - Ordinary Shares - Class A

Rivian Automotive Inc

Rivians quarterly results beat expectations and management raised its delivery outlook, but the stocks muted reaction has fueled debate over persistent losses and cash burn. More recently, traders have focused on reports that Volkswagen may use Xpeng software in some vehicles, raising concerns about Rivians software partnership; Walmart-branded van sightings remain unconfirmed speculation.

Strategy, Inc. engages in the development of fixed-income instruments that provide investors varying degrees of economic exposure to bitcoin. It executes bitcoin acquisition, capital management, and capital markets strategies. The company was founded by Michael J. Saylor and Sanjeev K. Bansal on November 17, 1989, and is headquartered in Tysons Corner, VA.

Strategy Inc. - Ordinary Shares - Class A

Strategy

Strategys Q3 earnings are the main focus, with traders debating the revenue miss and whether reported profitlargely tied to Bitcoin gainssignals strength; concerns about cash use, preferred dividends and dilution are weighing on sentiment. The discussion is also closely tied to Bitcoins decline, with bears warning of further pressure and bulls buying the dip or arguing MSTR largely trades with BTC.

XRP is a decentralized digital asset and the native token of the XRP Ledger, a Layer 1 blockchain designed for high-performance global payments. Its primary value proposition is offering a fast, cost-effective alternative to traditional banking systems by enabling near-instant cross-border settlements that finalize in three to five seconds. By serving as a neutral bridge asset between different fiat currencies, it helps financial institutions lower liquidity costs and eliminates the need for pre-funded accounts.  The network is unique because it utilizes a federated consensus protocol instead of energy-intensive mining or staking. This system achieves deterministic finality through a Unique Node List of trusted validators who must reach an eighty percent agreement threshold to permanently record transactions. This infrastructure supports a sustained throughput of 1,500 transactions per second and includes a built-in decentralized exchange that allows for the automated trading of any tokenized asset without intermediaries.  The project traces its origins back to 2004 with Ryan Fugger before being co-founded in its modern form by Jed McCaleb and Chris Larsen. The company, now known as Ripple, works with major financial institutions as partners and investors to build global payment solutions. To protect the network from spam, a small amount of XRP is burned during every transaction, and the token is further utilized by institutions as collateral to access traditional markets and manage digital asset infrastructure.  Institutional adoption of the asset reached a major milestone in November 2025 when the SEC approved the first wave of spot XRP ETFs. These products, offered by major issuers including Bitwise, Grayscale, 21Shares, Canary Capital, and Franklin Templeton, are now listed on prominent exchanges like the NYSE Arca, Nasdaq, and Cboe BZX. While Ripple remains a key contributor to the ecosystem, the underlying XRP Ledger continues to operate as an open-source and decentralized network.

Ripple

Ripples Swell announcements, including final U.S. trust-bank approval and institutional partnerships involving RLUSD, have drawn attention, but XRP has remained weak despite the positive Ripple headlines. Traders are divided over whether the developments will create demand for XRP itself or primarily benefit Ripple and its stablecoin.

Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America. The Europe segment consists of European countries, as well as India, the Middle East, and Africa. The Greater China segment comprises China, Hong Kong, and Taiwan. The Rest of Asia Pacific segment includes Australia and Asian countries. Its products and services include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, AppleCare, iCloud, digital content stores, streaming, and licensing services. The company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak in April 1976 and is headquartered in Cupertino, CA.

Apple Inc

Apples relative strength amid pressure on AI-heavy megacaps is driving talk of a safe-haven rotation into the stock, while traders debate whether its stretched valuation is justified ahead of earnings. The community is split between buyers treating AAPL as a hedge and bears expecting a pullback; complaints about the foldable iPhone Duos screen durability and reactions to new Mac launches add to the discussion.

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Reliance Industries Ltd.

Zomato Ltd.

Tata Consultancy Services

Tata Motors Ltd.

HDFC Bank Ltd.

ITC Ltd.

Adani Enterprises Ltd

Axis Bank Ltd

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Tesla Inc

Microsoft Corporation

NVIDIA Corp

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Pasqal Announces Third Quarter 2026 Business Update and Participation in Upcoming Investor Conferences

PARIS, Oct.  28, 2026 (GLOBE NEWSWIRE) -- Pasqal (Nasdaq: PSQL), a global leader in neutral-atom quantum computing, today announced the date for the release of key financial metrics for the third quarter 2026, covering the three months ended September 30, 2026, and its participation in upcoming investor conferences.
  
Third Quarter 2026 Business Update Call
  
Pasqal will report its third quarter 2026 business update before the open of U.S. financial markets on Friday, November 6, 2026. Pasqal will host a conference call with the financial community that day at 8:00 a.m. Eastern Time to discuss the results. A live webcast and archived replay of the call will be available on Pasqal’s investor relations website. To access the conference call by phone, please dial 1-877-497-9071 (U.S. and Canada) or 1-201-689-8727 (international).
  
Upcoming Investor Conferences
  
Pasqal management will participate in the following upcoming investor conferences:
  
Tuesday, November 10, 2026 – Bank of America’s A Transforming World Conference in London. Chief Financial Officer Stéphane Rougeot will participate in a panel discussion at 10:15 a.m. Eastern Time and will be available that day for one-on-one investor meetings.
Wednesday, November 11, 2026 – Cantor Fitzgerald Crypto, FinTech, AI & Energy Infrastructure Conference in Miami, FL. Chief Executive Officer Dr. Wasiq Bokhari will participate in a panel discussion at 4:10 p.m. Eastern Time and will be available that day for one-on-one investor meetings.
Wednesday, November 18, 2026 – BNP Paribas Quantum Compute Day to be held virtually. Chief Executive Officer Dr. Wasiq Bokhari will present at 12:00 p.m. Eastern Time and will be available that day for one-on-one investor meetings.

  
Investors interested in scheduling meetings with Pasqal should contact their respective conference representatives.
  
Contacts
  
Investors
  
investors@pasqal.com
  
Media
  
pr@pasqal.com
  
About Pasqal
  
Pasqal (Nasdaq: PSQL) 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.
  
Headquartered in France with operations globally, Pasqal’s quantum computing systems are used by customers across energy, financial services and advanced materials to address complex challenges. Pasqal’s customers include Saudi Aramco, Crédit Agricole CIB, LG Electronics and supported by partnerships with NVIDIA and IBM (Pasqal is part of the IBM Quantum Network).

Pasqal’s Neutral-Atom Processor Uncovers Quantum Magnet Behavior That Theory Did Not Predict

With the Flatiron Institute and leading European research institutions, Pasqal used its 256-qubit processor to observe an unexpected slowdown in a 2D quantum magnet, in a regime that current theory and classical simulations cannot yet reliably predict.
Key Takeaways
  
Pasqal’s quantum processor has moved from reproducing known physics to revealing behavior that theory did not predict, a key step toward quantum computers becoming tools that generate new scientific insight.
On Pasqal’s 256-qubit neutral-atom processor, a 2D quantum magnet took far longer to settle after being disturbed than theory predicts.
The behavior emerges in a regime that current theory and state-of-the-art classical simulation cannot yet reliably predict, the kind of problem where quantum processors are expected to add value.
The team modeled the device’s noise and cross-checked against exact calculations to assess the results. The preprint, with the Flatiron Institute and four European institutions, builds on an earlier work in which the same processor reproduced the behavior of a real magnetic crystal.
  
PARIS, Oct.  27, 2026 (GLOBE NEWSWIRE) -- Pasqal (Nasdaq: PSQL), a global leader in neutral-atom quantum computing, today announced that its 256-qubit quantum processor has revealed an unexpected behavior in a two-dimensional quantum magnet: under certain conditions, the system takes far longer to settle after being disturbed than theory predicts. The results, released as a preprint with the Flatiron Institute, the University of Augsburg, Forschungszentrum Jülich, the University of Regensburg and the Institut d’Optique–CNRS, were obtained in a regime where three state-of-the-art classical simulation methods no longer agree with one another.
  
A regime theory cannot yet predict
The researchers abruptly pushed the magnet out of equilibrium, a sudden change physicists call a quench and expected it to settle quickly into a new stable state, as most systems do. Under one set of conditions, it didn’t. The result marks a shift in how quantum processors can be used in research: not only to reproduce what scientists already know, but to reveal behavior they did not anticipate.
  
The system in question is a quantum magnet: a grid of interacting atomic spins described by one of the reference models of magnetism. Models like this are deliberately simplified, but they capture behavior physicists’ study across many magnetic materials, including how magnetic information spreads through a system. In two dimensions, that turns out to be remarkably hard to predict, and hardest of all once the system has been pushed out of equilibrium, where current theory offers no reliable answer.
  
That is precisely the regime Pasqal set out to explore, in two stages. Earlier this year, in a study released as a preprint, conducted with MagLab, Los Alamos National Laboratory and the University of Tennessee, Pasqal’s 256-qubit processor reproduced the behavior of a real magnetic crystal and matched laboratory measurements with a high level of quantitative agreement, an important benchmark for using the machine as a scientific instrument.
  
In the new study, carried out with the Flatiron Institute, and the University of Augsburg, Forschungszentrum Jülich, the University of Regensburg, the Institut d’Optique–CNRS, the team used the same platform to go further: not to reproduce known physics, but to explore beyond it.
  
Three ways to settle, one unexplained
Watching a 16×16 grid of atoms relax after a sudden change, the team found the system could settle in three different ways depending on the strength of the applied field. Two were expected. The third was not: an abrupt slowdown, in which the system takes far longer to settle than theory predicts. The team says plainly that it cannot yet explain it.
  
That unexplained behavior appears exactly where classical computation runs out of road. Three different state-of-the-art methods were run alongside the experiment; all three track the processor at first, then peel away from the measurement, and from each other, as the complexity building inside the system outgrows what they can represent. Beyond that point, none of them can reliably describe what happens next, while the quantum processor’s results stay consistent as the system grows.
  
Before drawing any conclusions, the team confirmed the behavior was genuine physics and not an artifact of an imperfect machine, modeling the device's noise and cross-checking against exact calculations where those remain reliable.
  
A second finding broadens the platform’s reach. Under a strong enough field, the magnet begins to behave like a fundamentally different kind of magnet, known as an XY-like magnet. Such systems are also studied for spin transport, the way magnetic information travels through a material, opening a wider range of physical systems to study on the same processor.
  
“This is what makes quantum computing so exciting: we are not simply reproducing what we already know, but uncovering behavior we did not expect,” said Loïc Henriet, CTO at Pasqal. “There is still much we don’t understand about quantum materials, and quantum processors can help us explore these new frontiers.”
  
“I am really excited to see quantum computing companies and experts in classical simulation working together to understand and observe new physics. Comparing results from the quantum devices and different classical simulations and understanding where we can trust them and where we can’t is extremely important. This is much more beneficial than just trying to prove quantum advantage as it leads to interesting physics results like we have here that will stand the test of time,” said Joseph Tindall, Associate Research Scientist at the Flatiron Institute’s Center for Computational Quantum Physics.
  
The findings do not constitute a demonstrated computational quantum advantage. Instead, they provide evidence of the potential for quantum processors to serve as complementary scientific tools in regimes where existing theoretical and computational methods face significant challenges.
  
The results are available in a preprint published on arXiv, titled “Exploring the Relaxation Landscape of a 2D Quantum Magnet on a 256-Qubit Processor”. A companion blog post “Unexpected relaxation in a 2D quantum magnet on a 256-qubit processor,” provides a more detailed look at the scientific findings for technical readers.
  
About Flatiron Institute
The Flatiron Institute is an internal division of the Simons Foundation dedicated to advancing fundamental science through computational discovery. Researchers at its Center for Computational Quantum Physics division are dedicated to developing the advanced methods necessary to address and understand the quantum many-body problem.
  
About Pasqal
Pasqal (Nasdaq: PSQL) 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.
  
Headquartered in France with operations globally, Pasqal’s quantum computing systems are used by customers across energy, financial services and advanced materials to address complex challenges. Pasqal’s customers include Saudi Aramco, Crédit Agricole CIB, LG Electronics and supported by partnerships with NVIDIA and IBM (Pasqal is part of the IBM Quantum Network).
  
Forward-Looking Statements 
Certain statements herein may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “might”, “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “could,” “plan,” “predict,” “project”, “forecast,” “potential,” “seem,” “seek,” “target,” “possible,” “future,” “outlook” or similar terminology or expressions that predict or indicate future events or trends. These forward-looking statements include, but are not limited to, statements regarding future events, including Pasqal’s ability to accelerate global deployment of its quantum computing platform.
  
These statements are based on current expectations and are not predictions of actual performance. They are provided for illustrative purposes only and must not be relied on as a guarantee, prediction or definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and are beyond the control of Pasqal. These statements are subject to known and unknown risks and uncertainties and assumptions regarding Pasqal’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to: general economic, political, social and business conditions; uncertainty or changes with respect to laws and regulations; risks related to Pasqal’s indebtedness; the risk from Pasqal pursuing an emerging technology, facing significant technical challenges and the potential that it may not achieve commercialization or market acceptance; Pasqal’s reliance on strategic partners and other third parties; Pasqal’s ability to maintain, protect and defend its intellectual property rights; and other risks that will be detailed from time to time in filings with the U.S. Securities and Exchange Commission (the “SEC”). The foregoing list of risk factors is not exhaustive. There may be additional risks that Pasqal does not know or currently believes are immaterial that could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements provide Pasqal’s expectations, plans and forecasts of future events and views as of the date of this communication. While Pasqal may elect to update these forward-looking statements in the future, Pasqal specifically disclaims any obligation to do so. 
  
Contacts
  
Investors
investors@pasqal.com
  
Media
pr@pasqal.com

Pasqal Achieves ISO/IEC 27001:2022 Certification for Its Information Security Management System Spanning R&D to Customer Support

As enterprises and governments scale their use of quantum computing, Pasqal's information security management system is independently certified against the internationally recognized standard
PARIS, Oct.  15, 2026 (GLOBE NEWSWIRE) -- Pasqal (Nasdaq: PSQL), a global leader in neutral-atom quantum computing, today announced that its Information Security Management System (ISMS) has achieved ISO/IEC 27001:2022 certification, the internationally recognized standard for information security, cybersecurity and privacy protection. The certification provides customers, particularly in regulated industries, with independent assurance that Pasqal systematically identifies, assesses, and manages information security risks across its certified activities, as they transition quantum computing from pilots to production.
  
As quantum computing expands into increasingly sensitive and business-critical applications, from financial risk modeling to energy systems and advanced materials research, organizations expect their technology partners to demonstrate effective risk management and compliance, with internationally recognized security standards.
  
"In quantum computing, trust is not a feature you add once the technology works. It has to be built in from the first qubit," said Wasiq Bokhari, CEO of Pasqal. "Our customers are preparing to run some of their most sensitive workloads on quantum computers. That is why we have built information security into the way we design, develop, produce and support our solutions, and this certification recognizes that work.”
  
Certified by SGS under COFRAC accreditation after an independent audit, Pasqal's Information Security Management System (ISMS) covers activities related to the design, development, industrialization, deployment, maintenance and support of quantum computing solutions and associated services across its sites in France, Canada and Saudi Arabia. This scope includes hardware R&D, QPU production, software development, product management, sales, procurement, operations and corporate functions, including legal and intellectual property.
  
Contacts
  
Investors
investors@pasqal.com 
  
Media
pr@pasqal.com
  
About Pasqal
Pasqal (Nasdaq: PSQL) 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. 
  
Headquartered in France with operations globally, Pasqal’s quantum computing systems are used by customers across energy, financial services and advanced materials to address complex challenges. Pasqal’s customers include Saudi Aramco, Crédit Agricole CIB, LG Electronics and supported by partnerships with NVIDIA and IBM (Pasqal is part of the IBM Quantum Network). 
  
Forward-Looking Statements
Certain statements herein may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “might”, “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “could,” “plan,” “predict,” “project”, “forecast,” “potential,” “seem,” “seek,” “target,” “possible,” “future,” “outlook” or similar terminology or expressions that predict or indicate future events or trends. These forward-looking statements include, but are not limited to, statements regarding future events, including Pasqal’s ability to accelerate global deployment of its quantum computing platform.
  
These statements are based on current expectations and are not predictions of actual performance. They are provided for illustrative purposes only and must not be relied on as a guarantee, prediction or definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and are beyond the control of Pasqal. These statements are subject to known and unknown risks and uncertainties and assumptions regarding Pasqal’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to: general economic, political, social and business conditions; uncertainty or changes with respect to laws and regulations; risks related to Pasqal’s indebtedness; the risk from Pasqal pursuing an emerging technology, facing significant technical challenges and the potential that it may not achieve commercialization or market acceptance; Pasqal’s reliance on strategic partners and other third parties; Pasqal’s ability to maintain, protect and defend its intellectual property rights; and other risks that will be detailed from time to time in filings with the U.S. Securities and Exchange Commission (the “SEC”). The foregoing list of risk factors is not exhaustive. There may be additional risks that Pasqal does not know or currently believes are immaterial that could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements provide Pasqal’s expectations, plans and forecasts of future events and views as of the date of this communication. While Pasqal may elect to update these forward-looking statements in the future, Pasqal specifically disclaims any obligation to do so.

Pasqal Reaffirms its Commitment to the EU’s Quantum Ambitions as It Leads Q-PLANET for Neutral-Atom Technologies

Three months after its official kick-off in Brussels, the Q-PLANET Pilot Line is moving from vision to execution, with Pasqal steering 28 partners from 11 European countries to build a resilient European supply chain for neutral-atom quantum technologies
PARIS, Oct.  06, 2026 (GLOBE NEWSWIRE) -- Pasqal (NASDAQ: PSQL), a global leader in neutral-atom quantum computing, is coordinating the implementation of Q-PLANET (Quantum Pilot Line for production of Advanced chips for Neutral atom European Technologies), co-funded by the EU Chips Joint Undertaking (Chips JU) and National/Regional authorities. Backed by €50 million over three years, the consortium brings together 28 partners from 11 European countries to develop industrial-grade chip components for neutral-atom quantum computing, sensing, and communication.
  
A Concrete Commitment to Europe’s Quantum Industrial Ambitions and Strategic Autonomy
  
Pasqal’s leadership of Q-PLANET reflects the company’s concrete commitment to the European Union’s industrial quantum ambitions, in line with the upcoming EU Quantum Act. Through Q-PLANET, Pasqal is delivering one of the flagship initiatives of the European Quantum Strategy, aimed at supporting the large-scale industrialization of quantum technologies across the European Union.
  
Through this pan-European collaborative effort, Q-PLANET will help establish the foundations for a resilient, state-of-the-art European quantum supply chain, strengthening the broader resilience and strategic autonomy of the European Union, while reinforcing its global competitiveness in quantum technologies.
  
Over the next three years, the consortium will develop critical industrial-grade chip-based components for neutral-atom quantum technologies, including lasers at four key wavelengths (461 nm, 698 nm, 795 nm and 1013 nm), atom chips for quantum sensing and computing, and microfabricated vapor cells for atomic clocks and field sensors. Q-PLANET will also establish a pathway from laboratory research to industrial fabrication through the development of standardized Process Design Kits (PDKs) and Assembly Design Kits (ADKs), alongside energy-efficiency monitoring assessment across the production cycle of quantum technologies. Within this effort, Pasqal will notably lead the development activities dedicated to chip-based laser sources at 1013nm, one of the project’s core technology streams. Pasqal will also act as an end-user of the microfabricated vapor cells and laser sources, providing top-level specifications for their development, testing and validation.
  
Strengthening Europe’s Neutral-atom Ecosystem & Building a European Quantum Market around User Needs
  
Under Pasqal’s leadership, Q-PLANET will strengthen the European industrial and scientific neutral-atom ecosystem by bringing together leading research and technology organizations, industry partners and academic research groups. With 28 partners from 11 European countries, the consortium will foster synergies and partnerships across academia and industry, helping connect scientific research, industrial capabilities and the development of real-world quantum applications.
  
Q-PLANET will also contribute to the development of a European quantum market by addressing the needs of European users. Through advancements in quantum computing, quantum sensing and quantum communications, the pilot line will help lay the foundations for future quantum use case applications in sectors where societal, economic and scientific interests are particularly strong, including drug discovery and materials discovery. By connecting advances in quantum hardware and manufacturing with concrete application requirements, Q-PLANET will help bring European quantum technologies closer to practical deployment and adoption.
  
“Three months after our kick-off in Brussels, Q-PLANET has moved from ambition to execution. Together with our 28 partners, we are building a European supply chain for neutral-atom technologies, while bringing quantum industrialization closer to concrete user needs,” said Loïc Henriet, CTO of Pasqal. “Q-PLANET reflects Pasqal’s commitment to Europe’s quantum ambitions, bridging large-scale industrialization rooted in resilient capabilities with real-world application to build a globally competitive and resilient European quantum industry.”
  
Contact:
Investors 
investors@pasqal.com
  
Media
pr@pasqal.com
  
About Pasqal
Pasqal (Nasdaq: PSQL) 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.
  
Headquartered in France with operations globally, Pasqal’s quantum computing systems are used by customers across energy, financial services and advanced materials to address complex challenges. Pasqal’s customers include Saudi Aramco, Crédit Agricole CIB, LG Electronics and supported by partnerships with NVIDIA and IBM (Pasqal is part of the IBM Quantum Network).
  
In Europe, under the EuroHPC Joint Undertaking procurement process, Pasqal has delivered three quantum processing units to European High-Performance Computing Centers in France (TGCC), Germany (Forschungszentrum Jülich) and Italy (CINECA). Pasqal is the elected European Convenor of CEN/CENELEC JTC22 European standardization WG3 on quantum computing and simulation, representing 34 European countries. It is also a member of the French governmental delegation to the ISO/IEC JTC3 international standardization committee on quantum technologies.
  
Funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or Chips Joint Undertaking. Neither the European Union nor the granting authority can be held responsible for them. The project is supported by Chips JU and its members including top-up funding by France 2030, European Regional Development Fund (ERDF), Ministry of Science, Research and Arts Baden-Württemberg, Business Finland and The Austrian Research Promotion Agency (FFG).
  
Read more about Q-PLANET: www.q-planet.eu

Pasqal Appoints Roger L. Chuchen as Head of Investor Relations

Experienced technology and capital markets executive joins Pasqal to lead investor engagement and strengthen the company's public-market presence following its Nasdaq listing
PARIS and NEW YORK, Oct.  02, 2026 (GLOBE NEWSWIRE) -- Pasqal (NASDAQ: PSQL), a global leader in neutral-atom quantum computing, today announced the appointment of Roger L. Chuchen as Head of Investor Relations, as the company expands its commercial operations and global customer base following its Nasdaq listing in August 2026.
  
In this role, Roger will establish and lead Pasqal's investor relations function, working closely with the company's executive leadership team and Board of Directors to communicate Pasqal's investment thesis, deepen engagement with institutional investors and analysts, and strengthen relationships with shareholders and the broader financial community. He will also oversee investor communications, market intelligence and disclosure-related activities, while helping articulate Pasqal's long-term strategy and differentiated position in the rapidly evolving quantum computing market.
  
"Roger joins Pasqal at an important time in our evolution as a public company," said Stéphane Rougeot, Chief Financial Officer of Pasqal. "As we scale our commercial operations, advance our technology roadmap and broaden our engagement with the global investment community, his extensive capital markets experience and deep understanding of the technology sector will be highly valuable. His ability to translate complex technologies and business strategies into clear investment narratives will further strengthen our dialogue with investors and analysts."
  
Roger brings more than 25 years of experience across technology, investment management, equity research and corporate investor relations. Most recently, he served as Vice President of Investor Relations at AudioCodes, where he led the company’s investor engagement strategy and communications with the financial community. Earlier in his career, he held senior buy-side and sell-side positions at Citigroup Smith Barney (now Citi Research), Morgan Stanley Investment Management and J. Goldman & Co., L.P.
  
"Pasqal has established itself as a leading player in quantum computing, with a differentiated technology approach, growing commercial momentum and a clear long-term vision," Roger said. "Becoming a public company creates an important opportunity to engage with a broader global investor base and increase understanding of the progress Pasqal is making across its technology, commercial and strategic priorities. I look forward to building the company's investor relations function, strengthening engagement with investors and analysts, and supporting Pasqal's continued growth."
  
Contact:
Investors 
investors@pasqal.com
  
Media
pr@pasqal.com 
  
About Pasqal
  
Pasqal (Nasdaq: PSQL) 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.
  
Headquartered in France with operations globally, Pasqal’s quantum computing systems are used by customers across energy, financial services and advanced materials to address complex challenges. Pasqal’s customers include Saudi Aramco, Crédit Agricole CIB, LG Electronics and supported by partnerships with NVIDIA and IBM (Pasqal is part of the IBM Quantum Network).
  
Forward-Looking Statements
  
Certain statements herein may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “might,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “could,” “plan,” “predict,” “project,” “forecast,” “potential,” “seem,” “seek,” “target,” “possible,” “future,” “outlook” or similar terminology or expressions that predict or indicate future events or trends. These forward-looking statements include, but are not limited to, statements regarding future events, including Pasqal’s evolution of the areas of its collaboration with the French public authorities and participation in the civil public support programs currently being defined.
  
These statements are based on current expectations and are not predictions of actual performance. They are provided for illustrative purposes only and must not be relied on as a guarantee, prediction or definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and are beyond the control of Pasqal. These statements are subject to known and unknown risks and uncertainties and assumptions regarding Pasqal’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to: general economic, political, social and business conditions; uncertainty or changes with respect to laws and regulations, including participation in government programs; risks related to Pasqal’s indebtedness; the risk from Pasqal pursuing an emerging technology, facing significant technical challenges and the potential that it may not achieve commercialization or market acceptance; Pasqal’s reliance on strategic partners and other third parties; Pasqal’s ability to maintain, protect and defend its intellectual property rights; and other risks that will be detailed from time to time in filings with the U.S. Securities and Exchange Commission (the “SEC”). The foregoing list of risk factors is not exhaustive. There may be additional risks that Pasqal does not know or currently believes are immaterial that could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements provide Pasqal’s expectations, plans and forecasts of future events and views as of the date of this communication. While Pasqal may elect to update these forward-looking statements in the future, Pasqal specifically disclaims any obligation to do so.

Pasqal Announces an Evolution of Its Collaboration Framework  with the French Public Authorities

PARIS, Sept.  28, 2026 (GLOBE NEWSWIRE) -- Pasqal (NASDAQ: PSQL) is announcing an evolution of the areas of its collaboration with the French public authorities to now focus on commercial applications, in line with the company’s growth strategy and innovation priorities. 
  
This evolution includes the termination of Pasqal’s participation in the defense program LSQUARE (otherwise known as PROQCIMA), to which Pasqal participated in its first phase and successfully completed all the technological objectives. Pasqal thanks the French Direction générale de l’armement (DGA) of the Ministry of the Armed Forces for having supported it during the first phase of the defense program LSQUARE.
  
Pasqal is now invited to participate in the civil public support programs currently being defined. As a first step in this civil collaboration, the company has been requested by the French Secrétariat général pour l’investissement (SGPI) and the French Direction générale des entreprises (DGE) to submit a specific research and development program for fault-tolerant quantum computing (FTQC) based on neutral atoms, and consistent with Pasqal’s advanced technology level and commercial maturity.
  
This focus on commercial-led development will provide further support to Pasqal to accelerate the implementation of its FTQC roadmap beyond the scope of the PROQCIMA program.
  
In just seven years, Pasqal has established itself as one of the global leaders in quantum computing, thus demonstrating the ability of French deeptech, with the support of public authorities, to bring forth world-class industrial champions. Pasqal operates the second largest fleet of complex quantum computers in the world, with world-leading companies among its customers.
  
Dr. Wasiq Bokhari, Chief Executive Officer of Pasqal, said: “We are excited about the evolution of our collaboration with the French public authorities. The visit by Nicolas Dufourcq, Chief Executive Officer of the French Public Investment Bank (Bpifrance), to Pasqal’s headquarters today is a testimony to our close relationship and Pasqal’s strategic importance to France as a sovereign technology asset.”
  
Contact :  
Investors 
investors@pasqal.com  
  
Media
pr@pasqal.com 
  
About Pasqal
  
Pasqal (Nasdaq: PSQL) 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.
  
Headquartered in France with operations globally, Pasqal’s quantum computing systems are used by customers across energy, financial services and advanced materials to address complex challenges. Pasqal’s customers include Saudi Aramco, Crédit Agricole CIB, LG Electronics and supported by partnerships with NVIDIA and IBM (Pasqal is part of the IBM Quantum Network).
  
Forward-Looking Statements
  
Certain statements herein may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “might,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “could,” “plan,” “predict,” “project,” “forecast,” “potential,” “seem,” “seek,” “target,” “possible,” “future,” “outlook” or similar terminology or expressions that predict or indicate future events or trends. These forward-looking statements include, but are not limited to, statements regarding future events, including Pasqal’s evolution of the areas of its collaboration with the French public authorities and participation in the civil public support programs currently being defined.
  
These statements are based on current expectations and are not predictions of actual performance. They are provided for illustrative purposes only and must not be relied on as a guarantee, prediction or definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and are beyond the control of Pasqal. These statements are subject to known and unknown risks and uncertainties and assumptions regarding Pasqal’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to: general economic, political, social and business conditions; uncertainty or changes with respect to laws and regulations, including participation in government programs; risks related to Pasqal’s indebtedness; the risk from Pasqal pursuing an emerging technology, facing significant technical challenges and the potential that it may not achieve commercialization or market acceptance; Pasqal’s reliance on strategic partners and other third parties; Pasqal’s ability to maintain, protect and defend its intellectual property rights; and other risks that will be detailed from time to time in filings with the U.S. Securities and Exchange Commission (the “SEC”). The foregoing list of risk factors is not exhaustive. There may be additional risks that Pasqal does not know or currently believes are immaterial that could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements provide Pasqal’s expectations, plans and forecasts of future events and views as of the date of this communication. While Pasqal may elect to update these forward-looking statements in the future, Pasqal specifically disclaims any obligation to do so.

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 and NEW YORK, Sept.  24, 2026 (GLOBE NEWSWIRE) -- Pasqal Holding SA (Nasdaq: PSQL), a global leader in neutral-atom quantum computing, today announced its financial results for the first half of 2026, covering the six months ended June 30, 2026.
    
First Half 2026 Financial Highlights
    
Revenue of €4.9 million, an increase of 14% year-over-year.
QPU-related services revenue of €3.9 million, an increase of 34% year-over-year.
Booked and awarded business1 of €70.4 million as of June 30, 2026.
Operating loss of €59.2 million, which included €37.5 million in share based payments and one-time charges, as compared with €19.8 million in the first half of 2025, which included €1.0 million in share based payments.
Shared based payment charges amounted to €27.3 million in the first half of 2026, compared to €1.0 million in the first half of 2025. One-time transaction-related expenses incurred in connection with the completion of the business combination and the related listing process amounted to €10.2 million in the first half of 2026.
Cash and cash equivalents of €110.8 million as of June 30, 2026. Strong balance sheet to fund growth with cash and cash equivalents of approximately €312.9 million as of August 27, 2026, following the successful business combination with Bleichroeder Acquisition Corp. II and related financing transactions as described below.
    
(1) Booked and awarded business include grants, tax credit and multi-year customer contracts.
    
“During the first half of 2026, we continued to deepen our engagement with our customers of choice across financial services, energy and advanced materials to solve high-value business problems and integrate quantum computing into real-world workflows. As demonstrated by our expanding relationships with organizations including NVIDIA, Google, Saudi Aramco and Crédit Agricole, the ability to deliver quantum advantage on meaningful applications today is driving commercial momentum, strengthening our backlog and validating quantum computing as a practical tool for creating measurable value for enterprise customers,” said Dr. Wasiq Bokhari, Chief Executive Officer of Pasqal.
    
“At the same time, we continue to execute against our roadmap. Recent milestones, including the demonstration of more than 1,000 physical qubits, industry-leading progress in logical qubits, and the successful application of our systems to solve complex differential equations and simulate materials beyond the practical reach of classical computing, reinforce our confidence in the strength and differentiation of Pasqal’s neutral-atom approach and position the Company to capitalize on the growing demand for practical quantum computing solutions,” continued Dr. Bokhari.
    
"Importantly, Pasqal’s capital-efficient business model enables us to pursue these technology and commercial objectives without the significant infrastructure investments required by many alternative quantum architectures. By leveraging a highly scalable neutral-atom platform that can be deployed in conventional data center environments, we are able to bring quantum solutions to customers more quickly, lower total cost of ownership, and accelerate the transition from research programs to production applications. This capital efficiency benefits both Pasqal and our customers, allowing us to focus resources on delivering practical solutions to real-world business challenges today while advancing toward fault-tolerant quantum computing.”
    
“As we enter the second half of the year as a publicly traded company, we believe Pasqal is uniquely positioned at the intersection of scientific innovation and commercial adoption. With a growing portfolio of customer engagements, a differentiated technology platform, a disciplined approach to capital allocation, and a strong balance sheet to support future growth, we remain focused on delivering practical quantum solutions that create value today while building the foundation for the next generation of quantum computing.”
    
First Half 2026 Business and Technological Highlights
    
Introduced New Integration with NVIDIA CUDA-Q: Integrated NVIDIA CUDA-Q with Pasqal’s platform to advance hybrid quantum-classical computing and simplify deployment of quantum workloads within existing HPC infrastructure.
Experimental Validation of Quantum Simulation: Pasqal and its academic partners used up to 256 atoms on Pasqal's Orion Beta QPUs to simulate the magnetic material TmMgGaO₄ and compared the results against laboratory measurements on crystals of that material. The work was among the studies cited by Nature on March 30, 2026, in its coverage of quantum simulations being verified against experimental data for the first time.
Scaling of the Qubit Register: Pasqal prepared defect-free registers of 1,024 atoms, doubling its previous result of 506 atoms, and extended atom lifetimes approximately 40-fold through a redesigned cryogenic platform.
Research Milestone in Logical Qubit Computing: Pasqal executed a full machine-learning application for solving differential equations using logical qubits, with the logical implementation outperforming its physical-qubit counterparts, in what the Company believes to be the first such comparison on a full application rather than on isolated sub-routines.
Selected as XPRIZE Quantum Applications Finalist: Pasqal is one of five teams advancing in the XPRIZE Quantum Applications competition, a three-year global initiative sponsored by Google Quantum AI and the Geneva Science and Diplomacy Anticipator (GESDA) to accelerate the development of quantum computing solutions for real-world challenges. Final results are expected to be announced in 2027.
Partnered with True Nexus to Apply Quantum Computing to Next‑Generation Food Protein Design: The partnership aims to create advanced computational models for protein functionality, expanding Pasqal’s presence in industrial applications and demonstrating the potential of neutral-atom quantum systems in life sciences and sustainable food innovation.
Launched Saudi Arabia’s First Quantum Computer and the Middle East’s First Commercial Quantum Computing as a Service Platform: The deployment provides cloud-based access to a 200-qubit neutral-atom system and marks a significant milestone in the commercialization of quantum computing for industrial applications.
Advanced Strategic Partnership with Crédit Agricole CIB to Deploy Quantum Computing Applied to Finance: The strategic partnership is expected to accelerate the transition from quantum research to operational deployment in capital markets activities.
Deployed Italy’s First Neutral Atom Quantum Computer: Delivered a 140-qubit system designed for integration with the Leonardo supercomputer, expanding Pasqal’s installed base of production quantum systems across strategic research and commercial computing centers.
Strengthened Leadership Team: Appointed Stéphane Rougeot as Chief Financial Officer to lead Pasqal’s global finance organization.

    
Recent Developments
    
Memo of Understanding (“MOU”) with Eleven Ventures: Announced a MOU with Eleven Ventures, a Kingdom of Saudi Arabia investment platform and venture capital firm, to establish a joint venture to deploy and commercialize Pasqal’s quantum computing systems across the Kingdom of Saudi Arabia.
Collaboration with King Abdulaziz City for Science & Technology (“KACST”): Entered into research collaboration agreement with KACST to advance research and development in quantum technologies in the Kingdom of Saudi Arabia.
Advance Next-Generation Technologies for Critical Mineral Production: Partnered with USA Rare Earth and Riven Systems to advance next-generation technologies for critical mineral production.
Photon Integrated Circuit (“PIC”) Packaging Center of Competency: Launched, through its Canadian subsidiary Aeponyx Enterprises Inc. (“Aeponyx”), a Center of Competency in Photonic Integrated Circuit ("PIC") Packaging at the C2MI in Bromont, Quebec, intended to establish a domestic Canadian supply chain supporting the photonic layer of Pasqal's hardware roadmap.
PIC Trapped Atoms Further Enhancing Technological Roadmap: Pasqal trapped individual atoms using laser light generated by a PIC, holding four rubidium atoms in four optical traps from a single photonic chip with lifetimes of approximately 27.5 seconds, matching the Company's bulk-optics systems. The platform was co-developed with Aeponyx, acquired less than 18 months earlier, and reduces the optical footprint by up to a factor of 50, addressing a principal constraint on manufacturing neutral-atom processors at industrial scale. 

    
Earnings Conference Call
    
Pasqal will host a conference call to discuss the Company’s first half 2026 financial results on Thursday, September 24, 2026, at 8:00 a.m. Eastern Time. Those wishing to participate via telephone may dial 1-877-497-9071 (U.S. and Canada) or 1-201-689-8727 (international). A live audio webcast of the conference call can be accessed through Pasqal’s Investor Relations website at https://investors.pasqal.com, and a webcast replay will be accessible following the scheduled call.
    
About Pasqal
    
Pasqal (Nasdaq: PSQL) 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.
    
Headquartered in France with operations globally, Pasqal’s quantum computing systems are used by customers across energy, financial services and advanced materials to address complex challenges. Pasqal’s customers include Saudi Aramco, Crédit Agricole CIB, LG Electronics and supported by partnerships with NVIDIA and IBM (Pasqal is part of the IBM Quantum Network).
    
Forward-Looking Statements
    
Certain statements herein may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “might”, “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “could,” “plan,” “predict,” “project”, “forecast,” “potential,” “seem,” “seek,” “target,” “possible,” “future,” “outlook” or similar terminology or expressions that predict or indicate future events or trends. These forward-looking statements include, but are not limited to, statements regarding future events, including Pasqal’s expected use of cash available at closing of the business combination and Pasqal’s ability to accelerate global deployment of its quantum computing platform.
    
These statements are based on current expectations and are not predictions of actual performance. They are provided for illustrative purposes only and must not be relied on as a guarantee, prediction or definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and are beyond the control of Pasqal. These statements are subject to known and unknown risks and uncertainties and assumptions regarding Pasqal’s business and the business combination, and actual results may differ materially. These risks and uncertainties include, but are not limited to: general economic, political, social and business conditions; uncertainty or changes with respect to laws and regulations; risks related to Pasqal’s indebtedness; the risk from Pasqal pursuing an emerging technology, facing significant technical challenges and the potential that it may not achieve commercialization or market acceptance; Pasqal’s reliance on strategic partners and other third parties; Pasqal’s ability to maintain, protect and defend its intellectual property rights; and other risks that will be detailed from time to time in filings with the U.S. Securities and Exchange Commission. The foregoing list of risk factors is not exhaustive. There may be additional risks that Pasqal does not know or currently believes are immaterial that could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements provide Pasqal’s expectations, plans and forecasts of future events and views as of the date of this communication. While Pasqal may elect to update these forward-looking statements in the future, Pasqal specifically disclaims any obligation to do so.
    
Contact: 
    
Investors
investors@pasqal.com 
    
Media
pr@pasqal.com
    
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED)
  
In € thousandJune 30, 2026
December 31, 2025
   
Goodwill19,64319,676
Other intangible assets18,85817,451
Property, plant and equipment, net30,34628,119
Right-of-use assets8,3468,978
Deposits8,8028,421
Government grant receivables8,6671,198
Total non-current assets94,66283,844
   
Inventories, net11,79611,309
Trade receivables6,1095,608
Government grant receivables3,0098,181
Tax receivables5,3153,111
Other current assets3,1102,010
Cash and cash equivalents110,83573,762
Total current assets140,175103,980
   
Total Assets234,837187,824
   
In € thousandJune 30, 2026
December 31, 2025
   
Share capital868715
Share premium211,13170,158
Accumulated deficit(124,889)(32,533)
Other reserves95,19649,601
Loss for the period(53,236)(92,355)
Total equity129,070(4,415)
   
Borrowings7,7967,640
Lease liabilities9,3599,627
Employee benefit liabilities15,16111,051
Deferred tax liabilities379366
Deferred income from government grants10,0239,484
Total non-current liabilities42,71938,168
   
Borrowings2,854105,164
Lease liabilities520524
Provisions357356
Trade and other payables13,9119,556
Contract liabilities28,23722,977
Deferred income from government grants6,9317,409
Other current liabilities10,2378,084
Total current liabilities63,048154,070
   
Total shareholder's equity and liabilities234,837187,824
  

    
CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (UNAUDITED)
  
 Six-month period ended
In € thousandJune 30, 2026June 30, 2025
Revenue4,8724,286
Government grant income2,9503,544
Other operating income1821,275
Purchases of material(2,569)(2,692)
Changes in inventory1,3721,825
Employee salaries and benefit expenses(41,594)(15,353)
Professional services and other services(19,553)(8,261)
Depreciation and amortization(4,302)(4,396)
Other operating expenses(518)-
Operating loss(59,161)(19,773)
Change in fair value of financial liabilities at FVTPL7,048(3,033)
Finance income1,4141,101
Interest expense(1,996)(1,838)
Other financial expense(521)(2,608)
Loss before tax(53,216)(26,150)
Income (expense) tax benefit(20)31
Loss for the period(53,236)(26,118)
   
Other comprehensive lossJune 30, 2026June 30, 2025
   
Items that may be reclassified to profit or loss in subsequent periods(311)10
Foreign currency translation adjustments(311)10
   
Items that will not be reclassified to profit or loss / income in subsequent periods(11)14
Remeasurement of defined benefit plans(14)19
Income tax impact4(5)
Other comprehensive (loss) / income for the period, net of tax(322)24
Total comprehensive loss for the period(53,558)(26,094)
   
Loss per share  
Basic losses per share(6.6)(3.8)
Diluted losses per share(7.3)(3.8)
  

    
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
  
 Six-month period ended
in € thousandJune 30, 2026June 30, 2025
   
CASH FLOW USED IN OPERATING ACTIVITIES  
Cash used in operations(25,194)(19,956)
Net cash flows used in operating activities(25,194)(19,956)
   
CASH FLOW USED IN INVESTING ACTIVITIES  
Acquisition of property, plant and equipment(2,042)(4,908)
Acquisition of intangible assets(2,423)(147)
Proceeds from sale of intangible asset-112
Receipt of government grants3751,359
Change in deposits(380)596
Purchases of subsidiary(500)(157)
Net cash flows used in investing activities(4,970)(3,145)
   
CASH FLOW FROM FINANCING ACTIVITIES  
Proceeds from borrowings8343,518
Repayment of borrowings and lease liabilities(1,123)(1,588)
Interest paid(188)(407)
Proceeds from capital increases68,480-
Net cash flows from financing activities67,25141,523
   
Net increase in cash and cash equivalents37,08718,422
   
Cash and cash equivalents at the beginning of the six-month period73,7627,163
Effects of exchange rate changes on cash and cash equivalents(14)(61)
Cash and cash equivalents at the end of the six-month period110,83525,524

Pasqal recognized with an EIC Fund Award at the 2026 TechEU Equity Summit in Luxembourg

The award recognizes organizations for their contributions to Europe’s innovation ecosystem and the future of European technology
PARIS, Sept.  23, 2026 (GLOBE NEWSWIRE) -- Pasqal (Nasdaq: PSQL), a global leader in neutral-atom quantum computing, today announced that it had received a European Innovation Council (EIC) Fund Award at the 2026 TechEU Equity Summit in Luxembourg. Organized by the European Investment Bank (EIB), the event explored market trends, investment needs and key challenges across deep tech, security and defense, cleantech, and life sciences.
  
The EIC Fund Awards recognize selected companies in the EIC Fund’s portfolio for their contributions to European deeptech. Pasqal was recognized as one of the first companies in the EIC Fund’s portfolio to complete a SPAC transaction and become a publicly listed company on Nasdaq on August 28. This achievement marks a significant milestone in the Fund’s history and highlights the importance of successful exits in strengthening Europe’s innovation ecosystem.
  
“As a French company active in a strategic technology sector, Pasqal received early support from European institutions, both for its research and its growth, particularly through the EIC Fund,” said Wasiq Bokhari, CEO of Pasqal. “That backing helped us grow from a research-driven start-up into a company now listed on Nasdaq. We are deeply grateful for the EIC Fund's confidence in our team, and very proud to receive this award. Our ambition now is to keep scaling from Europe, while extending our impact and partnerships worldwide.”
  
In addition to receiving the award, Wasiq Bokhari, CEO of Pasqal, moderated a panel discussion during the summit entitled “Exploring Exits Strategy and IPOs – Access to Capital Markets”. Featuring speakers from the EIB, Headline Fund, Atlantic Bridge, and Euronext, the session examined the role of IPOs, public market readiness, and capital market reform in helping scale-ups attract investment, grow, and remain headquartered in Europe.
  
TechEU Equity is a networking and thought-leadership event bringing together investors, fund managers, founders, and senior tech executives to discuss investment trends, scaling opportunities, and the future of European technology. It focuses on connecting private capital with high-growth companies across sectors such as AI, deeptech, fintech, and climate tech.
  
Contacts
  
Investors
investors@pasqal.com 
  
Media
pr@pasqal.com
  
About Pasqal
Pasqal (Nasdaq: PSQL) 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.
  
Headquartered in France with operations globally, Pasqal’s quantum computing systems are used by customers across energy, financial services and advanced materials to address complex challenges. Pasqal’s customers include Saudi Aramco, Crédit Agricole CIB, LG Electronics and supported by partnerships with NVIDIA and IBM (Pasqal is part of the IBM Quantum Network).
  
Forward-Looking Statements
Certain statements herein may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “might”, “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “could,” “plan,” “predict,” “project”, “forecast,” “potential,” “seem,” “seek,” “target,” “possible,” “future,” “outlook” or similar terminology or expressions that predict or indicate future events or trends. These forward-looking statements include, but are not limited to, statements regarding future events, including Pasqal’s ability to accelerate global deployment of its quantum computing platform.
  
These statements are based on current expectations and are not predictions of actual performance. They are provided for illustrative purposes only and must not be relied on as a guarantee, prediction or definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and are beyond the control of Pasqal. These statements are subject to known and unknown risks and uncertainties and assumptions regarding Pasqal’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to: general economic, political, social and business conditions; uncertainty or changes with respect to laws and regulations; risks related to Pasqal’s indebtedness; the risk from Pasqal pursuing an emerging technology, facing significant technical challenges and the potential that it may not achieve commercialization or market acceptance; Pasqal’s reliance on strategic partners and other third parties; Pasqal’s ability to maintain, protect and defend its intellectual property rights; and other risks that will be detailed from time to time in filings with the U.S. Securities and Exchange Commission (the “SEC”). The foregoing list of risk factors is not exhaustive. There may be additional risks that Pasqal does not know or currently believes are immaterial that could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements provide Pasqal’s expectations, plans and forecasts of future events and views as of the date of this communication. While Pasqal may elect to update these forward-looking statements in the future, Pasqal specifically disclaims any obligation to do so.

Pasqal to Ring Nasdaq Closing Bell on September 17th

Closing Bell ceremony celebrating Pasqal’s recent public listing and marking its next chapter as a publicly traded company
PARIS and NEW YORK, Sept.  17, 2026 (GLOBE NEWSWIRE) -- Pasqal (NASDAQ: PSQL), a global leader in neutral-atom quantum computing, today announced that it will ring the Nasdaq Closing Bell on September 17, 2026, marking the company’s recent public listing under the ticker symbol PSQL.
  
The ceremony marks an important milestone in Pasqal’s journey, from pioneering quantum computing research to developing and deploying quantum solutions that address real-world challenges today. Pasqal is working with businesses, research institutions and public authorities around the world to explore and deliver practical applications of quantum computing across industries.
  
As a public company, Pasqal intends to accelerate the global deployment of its quantum computing platform, support continued innovation, and expand the adoption of quantum computing in commercial and public-sector applications worldwide. The company's focus remains firmly on translating advances in quantum technology into solutions that can address complex problems beyond the reach of today's most powerful classical computers.
  
“Ringing the Nasdaq Closing Bell is a proud moment for us and for everyone, from our employees and founders to our investors, who has contributed to building the company we are today,” said Wasiq Bokhari, Chief Executive Officer of Pasqal. “Pasqal was founded on the belief that the neutral-atom approach to quantum computing could deliver high-value solutions to real-world, complex challenges. Today, we are seeing that belief translate into concrete opportunities for businesses, researchers, and public-sector organizations. This milestone reflects how far we have come, but more importantly, it opens a new chapter for what we’re building next. We look forward to continuing to advance our technology, expand our international presence, and work alongside our customers and partners to deliver the benefits of quantum computing today.”
  
The Nasdaq Closing Bell ceremony will take place on September 17, 2026 at 4 p.m. ET at the Nasdaq MarketSite in Times Square, New York City. The ceremony will be livestreamed on Nasdaq’s official channels and can be viewed at: Bell Ringing Ceremony.
  
Contacts
  
Investors
investors@pasqal.com
  
Media
pr@pasqal.com
  
About Pasqal
Pasqal (Nasdaq: PSQL) 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.
  
Headquartered in France with operations globally, Pasqal’s quantum computing systems are used by customers across energy, financial services and advanced materials to address complex challenges. Pasqal’s customers include Saudi Aramco, Crédit Agricole CIB, LG Electronics and supported by partnerships with NVIDIA and IBM (Pasqal is part of the IBM Quantum Network).
  
Forward-Looking Statements
Certain statements herein may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “might”, “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “could,” “plan,” “predict,” “project”, “forecast,” “potential,” “seem,” “seek,” “target,” “possible,” “future,” “outlook” or similar terminology or expressions that predict or indicate future events or trends. These forward-looking statements include, but are not limited to, statements regarding future events, including Pasqal’s ability to accelerate global deployment of its quantum computing platform.
  
These statements are based on current expectations and are not predictions of actual performance. They are provided for illustrative purposes only and must not be relied on as a guarantee, prediction or definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and are beyond the control of Pasqal. These statements are subject to known and unknown risks and uncertainties and assumptions regarding Pasqal’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to: general economic, political, social and business conditions; uncertainty or changes with respect to laws and regulations; risks related to Pasqal’s indebtedness; the risk from Pasqal pursuing an emerging technology, facing significant technical challenges and the potential that it may not achieve commercialization or market acceptance; Pasqal’s reliance on strategic partners and other third parties; Pasqal’s ability to maintain, protect and defend its intellectual property rights; and other risks that will be detailed from time to time in filings with the U.S. Securities and Exchange Commission (the “SEC”). The foregoing list of risk factors is not exhaustive. There may be additional risks that Pasqal does not know or currently believes are immaterial that could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements provide Pasqal’s expectations, plans and forecasts of future events and views as of the date of this communication. While Pasqal may elect to update these forward-looking statements in the future, Pasqal specifically disclaims any obligation to do so.

Pasqal Announces First Half 2026 Earnings Release Date and Participation in Upcoming Investor Conferences

PARIS and NEW YORK, Sept.  14, 2026 (GLOBE NEWSWIRE) -- Pasqal (Nasdaq: PSQL), a global leader in neutral-atom quantum computing, today announced the date for the release of its financial results for the first half of 2026, covering the six months ended June 30, 2026, and its participation in upcoming investor conferences.
  
First Half 2026 Earnings Call
  
Pasqal will report its first half 2026 financial results before the open of U.S. financial markets on Thursday, September 24, 2026. Pasqal will host a conference call with the financial community that day at 8:00 a.m. Eastern Time to discuss the results. A live webcast and archived replay of the call will be available on Pasqal’s investor relations website. To access the conference call by phone, please dial 1-877-497-9071 (U.S. and Canada) or 1-201-689-8727 (international).
  
Upcoming Investor Conferences
  
Wasiq Bokhari, Chief Executive Officer, and Stéphane Rougeot, Chief Financial Officer, will participate in the following upcoming investor conferences:
  
Tuesday, October 13, 2026 – Jefferies European Disruptive Tech Conference in London.
Wednesday, October 21, 2026 – Goldman Sachs Disruptive Technology Symposium in Paris.
  
Investors interested in scheduling meetings with Pasqal should contact their respective conference representatives.
  
Contacts
  
Investors
investors@pasqal.com
  
Media
pr@pasqal.com
  
About Pasqal
  
Pasqal (Nasdaq: PSQL) 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.
  
Headquartered in France with operations globally, Pasqal’s quantum computing systems are used by customers across energy, financial services and advanced materials to address complex challenges. Pasqal’s customers include Saudi Aramco, Crédit Agricole CIB, LG Electronics and supported by partnerships with NVIDIA and IBM (Pasqal is part of the IBM Quantum Network).

Pasqal Holding SA engages in the builds and delivers industry-ready neutral-atom QPUs, which believe are designed to transform cutting-edge scientific breakthroughs into real-world business solutions across multiple industries. The company is headquarter in Palaiseau, France.

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