Bleichroeder SPAC Partner Pasqal Launches Italy's First Neutral-Atom Quantum Computer

Pasqal, a Paris-based quantum computing company merging with Bleichroeder Acquisition Corp. II via SPAC, has launched SOL, Italy's first neutral-atom quantum computer at CINECA in Bologna. The system features Pasqal's Orion QPU with 140 qubits and integrates with Europe's Leonardo supercomputer. The transaction values Pasqal at $2.0 billion pre-money with $600 million in gross proceeds expected, and the combined company will list on Nasdaq post-closure.