Pasqal lists on Nasdaq, second European quantum company to go public in the US

Pasqal completed its business combination with Bleichroeder Acquisition Corp. II and started trading on Nasdaq on 28 August 2026, under the ticker PSQL (warrants under PSQLW), following a shareholder vote on 25 August (press release filed with the SEC). The company rang the Nasdaq closing bell on 17 September. After IQM in July, it is the second European quantum computing company listed on a major US exchange.

Pasqal, founded in 2019 and headquartered in France, builds quantum computers based on neutral atoms. The company says about 360 million dollars of cash were available at closing, to accelerate deployment of its platform and expand commercial adoption. Customers named in its communication include Saudi Aramco, Crédit Agricole CIB and LG Electronics, and its machines are also reachable through Google Cloud and Microsoft Azure.

The listing also made the numbers public. As reported by MarketScreener, first-half 2026 revenue was 4.9 million euros, up 14 percent, with an operating loss of 59.2 million euros that includes 37.5 million euros of share-based payments and listing costs. Booked and awarded business stood at 70.4 million euros, seven processors were deployed with customers and research programmes, and production capacity was put at thirteen machines a year, from sites near Paris and in Canada. Sales cycles of more than twelve months explain the gap between backlog and revenue.

The listing was flagged on LinkedIn by Quantonation, an early investor, as a sign that European science paired with long-term capital can produce companies of that scale.