The combined company will operate as Pasqal Holding SA, and its ordinary shares are expected to begin trading on Nasdaq under the ticker symbol “PSQL” and warrants under “PSQLW” on August 28, 2026.
The transaction establishes a strong capital foundation for Pasqal as a public company, with approximately $360 million of cash available at closing to accelerate global deployment of its quantum computing platform, support continued innovation and further expand commercial adoption worldwide.
Co-founded by Nobel Prize-winning physicist Alain Aspect, Pasqal has seven QPUs deployed today and three more in production. Pasqal already has one of the world’s largest installed bases of high-complexity quantum computers among pure-play quantum computing companies, supporting more than 25 commercial and research applications across industries including energy, financial services and materials science.
The international Reed Smith deal team was led by Lynwood Reinhardt, Ashley Jaber, Jocelyne Kelly, and Guilain Hippolyte, and included Liz Graffeo, Angelo Ciavarella, Natasha Tardif, Benoît Bernard, Salomé Cloué, Baihan Li, Marco Hazan, Meredith Anderson, Zachary Anderson, Alexa Koerth, Felix Briant, Ally Byrne, Nyria Rogers, Diamond Boardley, and Bryan Sykes.
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