Pasqal completed its merger with Bleichroeder Acquisition Corp. II and began trading on Nasdaq as PSQL on 28 August, jumping as much as 52% in its debut. The deal valued the company around $2B pre-money and delivered roughly $360M in cash for QPU manufacturing, fault-tolerance work and HPC integration.
Pasqal / CINECA (Italy) — Pasqal inaugurated SOL, a 140-qubit neutral-atom processor, at CINECA in Bologna — Italy's first neutral-atom quantum computer, engineered for tight integration with the Leonardo pre-exascale supercomputer (Top500 #10). Procured by the EuroHPC Joint Undertaking with Italy's research ministry, it is Pasqal's third EuroHPC-linked system after France and Germany — extending Europe's HPC–quantum integration push.