PSQLW News

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).

Executive appointments strengthen Pasqal’s product strategy and global people organization as the company advances the commercial deployment of neutral-atom quantum computing PARIS and NEW YORK, Sept. 14, 2026 (GLOBE NEWSWIRE) -- Pasqal (NASDAQ: PSQL), a global leader in neutral-atom quantum computing, today announced the appointment of Roberto Mauro as Chief Product Officer (CPO) and Joëlle Lumb as Chief Human Resources Officer (CHRO). The appointments strengthen Pasqal’s executive leadership team as the company sharpens its product strategy, expands its global operations and builds the organizational capabilities required to support its next phase of growth. As Chief Product Officer, Roberto will lead Pasqal’s end-to-end product strategy and roadmap, focusing development on priority customer needs and integrated offerings across hardware, software, cloud and services. He will also align teams around key product priorities to accelerate customer adoption and support the development of a scalable, high-margin business. As Chief Human Resources Officer, Joëlle will lead Pasqal’s global people strategy, organizational transformation, leadership development and culture. She will work across the company to develop the talent, operating structures and capabilities required to support continued growth and international expansion. “Pasqal’s ability to translate scientific leadership into meaningful customer outcomes will depend on the strength of both our products and our organization,” said Wasiq Bokhari, Chief Executive Officer of Pasqal. “Roberto combines deep technology and product expertise with a strong understanding of our customers and markets. Joëlle brings extensive experience helping global organizations navigate growth and transformation. Their leadership will be instrumental as we focus our product portfolio, strengthen execution and prepare Pasqal to operate at greater scale.” Roberto Mauro Appointed Chief Product Officer Roberto brings 30 years of international experience spanning strategy, product management, business development and innovation across Europe, Asia and the United States. Since joining Pasqal in January 2024, he has helped build the company’s Asia-Pacific presence with an initial focus on Korea, secured public and private funding, developed strategic research collaborations and advanced opportunities in Japan, Taiwan and Singapore. Previously, he spent two decades in senior leadership roles at Samsung, where he led technology investments and partnerships focused on data, artificial intelligence and quantum technologies, and held international business development roles at Cisco. Roberto has worked in quantum technology since 2019. “Pasqal’s research and development organization is world-class, and our opportunity is to complement that strength with a product organization built around customers and the outcomes that matter most to them,” said Roberto. “I look forward to working across Pasqal to translate our technology into integrated, scalable offerings that accelerate customer adoption worldwide.” Roberto holds a Master of Science in Engineering from Politecnico di Milano and an MBA from IMD. Joëlle Lumb Appointed Chief Human Resources Officer Joëlle brings more than 15 years of C-suite experience leading people strategies and organizational transformation across complex international businesses. Her expertise includes organizational design, culture and leadership development, talent strategy, post-merger integration, spin-offs, IPO readiness and restructuring. Before joining Pasqal, she held senior human resources leadership roles at NielsenIQ and Nielsen, overseeing regional and global people strategies across Europe, the Middle East, Africa and other international markets. “Pasqal is bringing together exceptional scientific, engineering and commercial talent to build a transformative technology company,” said Joëlle. “My priority will be to help create the leadership capabilities, organizational clarity and inclusive culture that enable our people to do their best work and support Pasqal’s successful growth across markets.” Joëlle holds an executive master’s degree in human resources from ESSEC Business School and an engineering degree in agronomy from ENSAR. 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.

On the sidelines of the France-Korea State Visit, Pasqal strengthens its long-term presence in South Korea by signing a three-year MoU with LG CNS to develop scalable hybrid AI and quantum computing platforms. PARIS, Sept. 10, 2026 (GLOBE NEWSWIRE) -- On the occasion of the France-Korea State Visit, Pasqal, a global leader in neutral-atom quantum computing, announced the signing of a three-year Memorandum of Understanding (MoU) with LG CNS, a leading AI transformation(AX) company and technology arm of LG group in South Korea. This agreement marks a new milestone in Pasqal’s long-standing commitment to Korea, which the company has established as its strategic hub for Asia-Pacific operations. Pasqal’s approach is rooted in the conviction that quantum technology cannot develop in isolation, but must be embedded within strong local industrial, technological and research ecosystems. The partnership with LG CNS reflects this strategy by further anchoring Pasqal within Korea’s technology ecosystem and expanding its collaboration with leading Korean industrial players. As compute demands for artificial intelligence continue to surge, integrating quantum processing into traditional compute architecture is emerging as a critical driver of performance for future digital infrastructure. Through this partnership, Pasqal and LG CNS combine their respective technical leadership to establish the foundations of a scalable hybrid computing ecosystem capable of solving complex industrial and scientific challenges. A strategic alliance driving hybrid computing innovation This collaboration seeks to accelerate the convergence between quantum processing power and advanced AI infrastructure across three primary areas: Both companies will collaborate to integrate Pasqal’s neutral-atom quantum computing hardware with LG CNS’s AI platforms, including AI Haus environments and AI Data Center infrastructure. This joint effort aims to create high-performance hybrid systems optimized for compute-intensive workloads. Additionally, the agreement covers the operational integration, management, and deployment of quantum computing resources within AI Data Center environments, ensuring scalable and enterprise-ready hybrid architectures. Finally, Pasqal and LG CNS will jointly identify and pursue global commercial opportunities to bring AI and quantum-enabled data center solutions to domestic and international markets. "This partnership with LG CNS marks a major milestone both in our long-term commitment to South Korea and in our vision for hybrid computing, where quantum technology and artificial intelligence reinforce each other," said Wasiq Bokhari, CEO of Pasqal. "By combining our neutral-atom quantum processors with LG CNS's deep infrastructure expertise, we are further embedding Pasqal within Korea’s world-class technology ecosystem and laying the groundwork for next-generation data centers capable of tackling the world's most complex challenges." Deepening Quantum Infrastructure Ties Between France and Korea The announcement coincides with the September 8 State Visit, where Pasqal is participating in the high-level round table hosted at the Élysée Palace during the France-Korea Summit, highlighting growing economic and technological synergies between the two nations. For Pasqal, this agreement reinforces a long-standing commitment to South Korea, which serves as the company's strategic hub for all Asia-Pacific (APAC) operations. Pasqal benefits from strong backing by leading Korean institutional investors, including LG Electronics and Dunamu & Partners, and has maintained a strategic industrial partnership with LG Electronics for over four years, building a solid foundation for expanded collaboration across the Korean technology ecosystem. 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).  About LG CNS LG CNS is a leading Korean AX (AI Transformation) company that continues to pioneer various emerging technologies, including AI, robotics, cloud computing, data center, and smart engineering, encompassing smart factories and smart logistics, as well as digital marketing. The company also leads the market through innovative system integration (SI) and system management (SM) capabilities across finance, manufacturing, the public sector, and various other industries. For more information, please visit https://www.lgcns.com.

Agreement to advance post-quantum cryptography underscores Pasqal's growing momentum in the Kingdom, ahead of CEO keynote at LEAP 2026 RIYADH, Saudi Arabia, Aug. 31, 2026 (GLOBE NEWSWIRE) -- King Abdulaziz City for Science and Technology (KACST), represented by the National Center for Quantum Technologies (NCQT), has signed a research collaboration agreement with Pasqal (Nasdaq: PSQL), a global leader in neutral-atom quantum computing, to advance research and development across multiple domains of advanced quantum technology and enhance quantum cryptography readiness in Saudi Arabia. The agreement was announced during a ceremony held at King Salman Science Oasis in Riyadh during World Quantum Day. The agreement marks the latest milestone in Pasqal's rapidly expanding presence in Saudi Arabia as the company deepens partnerships across the Kingdom's research, government and industrial sectors. The announcement comes as Pasqal CEO Dr. Wasiq Bokhari prepares to deliver a keynote address in Riyadh at LEAP 2026, one of the world's leading technology events, highlighting the company's growing role in supporting Saudi Arabia's ambitions to become a global hub for advanced technologies. Under the agreement, Pasqal's neutral-atom quantum processing technology and cloud services will be paired with KACST's national research infrastructure to develop and validate quantum-safe cryptographic solutions. The work will be carried out at KACST's National Center for Quantum Technologies, with quantum cryptography serving as the first focus area of a broader multi-year research program. As quantum computing capabilities continue to advance globally, organizations across government, financial services and critical infrastructure face increasing pressure to prepare for a post-quantum future. Through the collaboration, KACST and Pasqal expect to develop, test and package quantum-safe cryptographic solutions, with the shared objective of ultimately bringing commercial offerings to the Saudi market. Dr. Talal Al-Sedairy, Senior Vice President for R&D at KACST, said: "This agreement reflects KACST's commitment to building strategic research partnerships with global technology leaders, supporting the development of national capabilities, and translating scientific research in quantum technologies into impactful future applications." Prof. Manahel Thabet, Director of the National Center for Quantum Technologies, said: "This partnership represents an important step toward building an advanced national quantum ecosystem. It enables our researchers to conduct joint research across diverse quantum domains, leveraging world-class infrastructure and international expertise to elevate the Kingdom's research capacity and global standing in this strategic field." The collaboration builds on a period of significant momentum for Pasqal in Saudi Arabia. In May, together with Aramco, Pasqal inaugurated Saudi Arabia's first quantum computer at Aramco's data center in Dhahran, alongside the Middle East's first commercial Quantum Computing-as-a-Service platform. More recently, Pasqal and Eleven Ventures announced plans to establish a joint venture focused on deploying, commercializing and scaling quantum computing systems across Saudi Arabia and the wider MENA region. The company's growing engagement in the Kingdom has also included a recent visit by a senior Saudi ministerial delegation, led by His Excellency Abdullah Alswaha, Minister of Communications and Information Technology, to Pasqal's headquarters and quantum computer production facility in France. Together, these developments underscore Pasqal's expanding contribution to Saudi Arabia's quantum ecosystem, spanning research, infrastructure, industrial applications and workforce development. Dr. Wasiq Bokhari, CEO of Pasqal, said: "This initiative builds on Saudi Arabia's growing investment in quantum technologies and demonstrates Pasqal's continued deep engagement and commitment to the Kingdom regarding the development and utilization of quantum technologies." "Saudi Arabia is demonstrating a remarkable ambition to build the technologies and capabilities that will shape the next generation of computing. For Pasqal, our work in the Kingdom goes well beyond deploying quantum hardware. We want to build long-term partnerships, develop practical applications and contribute to an ecosystem capable of turning quantum computing into real industrial and economic value." As part of that ongoing commitment, Dr. Bokhari will deliver a keynote address today at LEAP 2026, where he will discuss the transition of quantum computing from scientific research toward industrial-scale applications and the growing role quantum technologies can play in supporting economic growth and innovation. The KACST collaboration forms part of broader efforts to strengthen Saudi Arabia's research, development and innovation ecosystem in quantum technologies, expand international scientific collaborations and support the Kingdom's Vision 2030 objectives. 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.

PARIS and NEW YORK, Aug. 27, 2026 (GLOBE NEWSWIRE) -- Pasqal, a global leader in neutral-atom quantum computing, today announced the composition of the Board of Directors of Pasqal Holding SA (the combined company), following the completion of its business combination with Bleichroeder Acquisition Corp. II. The combined company’s ordinary shares are expected to begin trading on Nasdaq under the ticker symbol "PSQL" on August 28, 2026. The Board comprises nine directors and is chaired, in a non-executive capacity, by Pasqal co-founder and 2022 Nobel laureate in Physics Alain Aspect. It brings together senior industry leaders, including Barbara Dalibard, Chair of the Michelin Supervisory Board, alongside Michel Combes, who serves as Lead Independent Director of the combined company. The directors are: Alain Aspect, Non-Executive Chair of the Board. A co-founder of Pasqal and Chair of its Scientific Advisory Board, and a co-recipient of the 2022 Nobel Prize in Physics. He is a professor at the Institut d'Optique, Université Paris-Saclay, professor emeritus at École Polytechnique, and a member of the French Academy of Sciences and the French Academy of Technologies. Nicolas Berdou, Director, serving as the permanent representative of Bpifrance. He is a Senior Investment Director at Bpifrance Investissement, leading venture investments in technology, deep-tech, and defense. Michael Blitzer, Director. He is the Founder and Chairman of Inflection Point Asset Management, a leading financial sponsor of strategically important assets. He is also the Executive Chairman of USA Rare Earth and a Director of Intuitive Machines. Wasiq Bokhari, Chief Executive Officer and Director. Chief Executive Officer of Pasqal, having previously served as its President and Executive Chairman. His earlier roles include leadership positions at Amazon and Google. Michel Combes, Lead Independent Director. Chief Executive Officer of Lambda, Executive Chairman and Chief Executive Officer of Brightspeed, and formerly chief executive of SoftBank Group International, Sprint, Altice, and Alcatel-Lucent. He is a board member of F5, Philip Morris International, and e& (formerly Etisalat). Barbara Dalibard, Director and Chair of the Nominating and Corporate Governance Committee. Former Chief Executive Officer of SITA and of SNCF Voyageurs, and former Chief Executive Officer of Orange Business Services. She is the chair of the Michelin Supervisory Board and is a director of Rexel. Andrew Gundlach, Director and Chair of the Compensation Committee. President and Chief Executive Officer of Bleichroeder LP and Director of WellTower and Air Global Plc. Jean Raby, Director and Chair of the Audit Committee, serving as the designee of EIC Fund. He is a Partner and Chief Client and Business Development Officer at Astorg, and a former Chief Executive Officer of Natixis Investment Managers. He previously served as Executive Vice President and Chief Financial and Legal Officer of Alcatel-Lucent and Partner at Goldman Sachs. Georges-Olivier Reymond, Director. A co-founder of Pasqal and its Chief Strategic Alliances Officer, and its founding Chief Executive Officer from 2019 to 2025. A majority of the Board is independent under applicable SEC and Nasdaq rules, with Jean Raby chairing the Audit Committee, Andrew Gundlach the Compensation Committee, and Barbara Dalibard the Nominating and Corporate Governance Committee. “As we begin this next chapter as a public company, we are fortunate to have a board that combines scientific leadership, operational experience, and capital-markets expertise. We expect their guidance to help us scale neutral-atom quantum computing and deliver value to customers and shareholders over the years ahead," said Wasiq Bokhari, Chief Executive Officer of Pasqal. 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,” “believe,” “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, such as those relating to the Nasdaq listing and the expected commencement date of trading. 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 Bleichroeder and Pasqal. These statements are subject to known and unknown risks, 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; the failure to realize the anticipated benefits of the business combination; the risk that the business combination disrupts Pasqal’s current plans and operations; 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 and Bleichroeder presently do not know or currently believe 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 and/or Bleichroeder’s expectations, plans and forecasts of future events and views as of the date of this communication. While Pasqal and/or Bleichroeder may elect to update these forward-looking statements in the future, Pasqal and Bleichroeder specifically disclaim any obligation to do so.

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 public company, with approximately $360 million of cash available at closing to accelerate global quantum-system deployment, commercial adoption and Pasqal’s path toward fault-tolerant quantum computing Public listing creates a long-term capital platform for one of the world’s leading neutral-atom quantum computing companies PARIS and NEW YORK, Aug. 27, 2026 (GLOBE NEWSWIRE) -- Pasqal Holding SA (“Pasqal”), a global leader in neutral-atom quantum computing, and Bleichroeder Acquisition Corp. II (NASDAQ: BBCQ), a special purpose acquisition company (“Bleichroeder”), today announced the successful completion of their previously announced business combination. Bleichroeder shareholders approved the business combination and related proposals on August 25, 2026. Following the completion of a series of mergers between Bleichroeder and Pasqal Holding SAS, the surviving company became Pasqal Holding SA and will continue to operate under the Pasqal name. Pasqal Holding SA’s ordinary shares and warrants are expected to begin trading on The Nasdaq Stock Market on August 28, 2026 under the ticker symbols “PSQL” and “PSQLW”, respectively. Bleichroeder’s Class A ordinary shares, warrants and units will cease trading. The transaction establishes a strong capital foundation for Pasqal as a public company, with approximately $360 million of cash available at closing to accelerate global deployment of its quantum computing platform, support continued innovation and further expand commercial adoption worldwide. 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 (“QPUs”), 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. “Today is not a finish line; it is an acceleration point,” said Wasiq Bokhari, Chief Executive Officer of Pasqal. “Pasqal was built to take neutral-atom quantum computing from foundational science to industrial-scale deployment. We have deployed quantum systems in real operating environments, connected our processors to the computing infrastructure customers already use and established a roadmap built on a single hardware platform that delivers state-of-the-art analog quantum computing today and is designed to enable industry-leading fault-tolerant quantum computing in the future. Our systems operate in standard data center environments and are built to scale with enterprise workloads. As a public company, we will have a stronger platform to move faster, serve customers around the world and build enduring value for shareholders.” Pasqal begins its next chapter as a publicly traded company with a strong foundation of technological leadership, commercial deployment and global customer engagement. Co-founded by Nobel Prize-winning physicist Alain Aspect, the company has seven QPUs deployed today and three more in production. Its growing fleet of QPUs is available through cloud access globally and supports more than 25 commercial and research applications across industries including energy, financial services and materials science. Pasqal’s neutral-atom technology offers a scalable and energy-efficient approach to quantum computing through a single hardware platform designed to deliver state-of-the-art analog quantum computing applications today while providing a clear path toward fault-tolerant quantum computing in the future. With one of the world's largest installed bases of high-complexity quantum computers among pure-play quantum computing companies, a growing globally accessible cloud-based fleet of QPUs and a presence across North America, Europe, the Middle East and Asia, Pasqal is focused on accelerating commercial adoption and helping customers solve some of the world's complex computational challenges. Advisors Lazard Freres SAS served as advisor to Pasqal’s Board. Orrick, Herrington & Sutcliffe LLP (France and US) served as legal counsel to Pasqal. Cantor Fitzgerald & Co. is serving as advisor to Bleichroeder. Reed Smith LLP (France and US) served as legal counsel to Bleichroeder. Cohen & Company Capital Markets acted as Lead Book-Running Manager for Bleichroeder’s initial public offering which closed on January 8, 2026. 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 the Nasdaq listing and the expected commencement date of trading, 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 Bleichroeder and 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; the failure to realize the anticipated benefits of the business combination; the risk that the business combination disrupts Pasqal’s current plans and operations; 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 and Bleichroeder presently do not know or currently believe 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 and/or Bleichroeder’s expectations, plans and forecasts of future events and views as of the date of this communication. While Pasqal and/or Bleichroeder may elect to update these forward-looking statements in the future, Pasqal and Bleichroeder specifically disclaim any obligation to do so.