Bleichroeder Shares Edge Down With Pasqal’s $2 Billion SPAC on Watch
Bleichroeder Acquisition Corp. II fell 0.2% to $10.58 after opening on Nasdaq, trading just above its cash value as investors awaited updates on its SPAC merger with French quantum firm Pasqal. The deal advanced with a May 26 SEC filing and a $50 million increase in convertible financing, now totaling $250 million. Quantum stocks IonQ, Rigetti, and D-Wave outperformed BBCQ in early trading.