Pasqal's $2B SPAC Merger, Quantum Leap
Tech News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
French quantum computing firm Pasqal, valued at $2 billion, to go public via SPAC merger with Bleichroeder Acquisition Corp. The deal includes a $200 million private funding round and plans for dual listings on Nasdaq and Euronext. Pasqal, backed by Frances public investment bank and Nobel laureate Alain Aspect, focuses on neutral atom quantum tech for fault-tolerant computers. The merger aims to boost cash for production and R&D, positioning Pasqal to pursue quantum breakthroughs while maintaining European roots amid U.S. tensions.
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