Story perspectives

Pasqal completes SPAC merger, starts Nasdaq trading at $19.11

8/29/2026

Summary

Pasqal Soars

Pasqal Holding SA completed a SPAC merger and began Nasdaq trading on August 28, 2026.
Its shares closed at $19.11, a 95.2% rise from the SPAC’s $9.79 prior close.
The deal valued Pasqal at roughly $2 billion and delivered about $360 million in cash at closing.
Pasqal will use the cash to expand quantum processing unit manufacturing, grow its cloud platform, and pursue fault-tolerant computing.

Summary

Pasqal Deploys Quantum

Pasqal has deployed operational neutral-atom quantum computers at client sites, moving beyond laboratory prototypes.
The firm originated in 2019 as a spinout from Institut d'Optique.
Its technology builds on neutral-atom research pioneered by physicist Alain Aspect.
Aspect received the 2022 Nobel Prize in Physics for work on quantum entanglement.
Pasqal’s commercial processors contain between 100 and over 200 qubits each.

History

Historical Context

In 2016 IBM released a five-qubit superconducting processor on its IBM Quantum Experience, the first disclosed chip beyond four qubits and showing a 0.9 % error rate across 5,000 gates. Today Pasqal and Atom Computing provide neutral-atom arrays of 100-200 qubits, and Atom Computing previewed a 1,180-qubit device in 2023. This evolution from superconducting chips to larger neutral-atom processors underpins the emerging cloud-based quantum services market.

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Pasqal Soars

Pasqal Holding SA completed a SPAC merger and began Nasdaq trading on August 28, 2026.
Its shares closed at $19.11, a 95.2% rise from the SPAC’s $9.79 prior close.
The deal valued Pasqal at roughly $2 billion and delivered about $360 million in cash at closing.
Pasqal will use the cash to expand quantum processing unit manufacturing, grow its cloud platform, and pursue fault-tolerant computing.

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