Welcome to our dedicated page for Bleichroeder Acquisition II SEC filings (Ticker: BBCQ), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Bleichroeder Acquisition Corp. II filings document the company’s SPAC structure, Nasdaq-listed securities, material-event reports, governance changes, and capital-structure disclosures. The records identify the issuer as a Cayman Islands exempted company with Class A ordinary shares under BBCQ and redeemable warrants under BBCQW.
The company’s 8-K disclosures include board and management changes, director appointments, and other material-event reporting. Its filings also state emerging growth company status and describe the warrant terms and ordinary-share structure that define the public securities associated with the blank-check issuer.
Bleichroeder Acquisition Corp. II and its co-registrants have filed a preliminary Form F-4/proxy statement to seek shareholder approval for a business combination to reincorporate Bleichroeder in France and merge Legacy Pasqal into the surviving French entity to form New Pasqal. The transaction contemplates an Exchange Ratio of 24.01 based on a Pre-Transaction Equity Valuation of $2,000,000,000, financing including a March 2026 financing package and trust account proceeds, governance changes, director elections, an equity incentive plan equal to up to 10% of post-closing fully diluted shares, and issuance of senior unsecured convertible bonds and warrants under the March 2026 SPA.
The proxy solicits votes on multiple Condition Precedent Proposals (including reincorporation, the Merger, governing documents, share issuance and incentive plan), describes public shareholder redemption rights for a pro rata Trust Account cash Redemption Price, and summarizes financing terms that would leave Legacy Pasqal shareholders with a majority stake in New Pasqal under the disclosed assumptions.
Pasqal Holding SAS reported research demonstrating that logical qubits outperformed physical qubits when solving differential equations on its neutral-atom quantum processor. The company reported a 99.4% gate fidelity platform and tested a quantum kernel across 1,000 equations, finding >50% average accuracy improvement and up to 10x on certain nonlinear problems. Pasqal said the logical implementation used more complex circuits yet delivered more accurate application-level results and said this work informs hardware development priorities.
Aramco and Pasqal launched Saudi Arabia's first quantum computer and the Middle East's first commercial Quantum Computing as a Service (QCaaS) platform. The Pasqal Quantum Processing Unit (QPU), first deployed in November 2025, controls 200 programmable qubits and is hosted at Aramco's Dhahran data center, offering low-latency cloud access for customers and regional research users. The partnership frames Aramco as a foundational customer and notes prior investment by Wa'ed Ventures in January 2023. The release emphasizes targeted industrial use cases including port logistics, CO2 storage optimization, well placement, and rig scheduling, and references Pasqal's funding of $500 million and client base supporting commercial deployment.
Bleichroeder Acquisition Corp. II ownership disclosure: Alyeska Investment Group, L.P.; Alyeska Fund GP, LLC; and Anand Parekh report beneficial ownership of 1,591,890 Class A ordinary shares, representing 5.54% of the class.
The position comprises 1,000,000 shares of Class A Common Stock and 591,890 shares issuable upon exercise of warrants. Shares outstanding were 28,750,000 as of March 16, 2026.
Bleichroeder Acquisition Corp II ownership disclosure: the LMR Investment Managers and associated persons report beneficial ownership of 1,600,000 Class A ordinary shares representing 5.6% of the outstanding Class A Ordinary Shares as of March 31, 2026. The holdings are directly held by LMR Multi-Strategy Master Fund Limited and LMR CCSA Master Fund Ltd, each holding 800,000 shares. The filing also states each fund holds 266,666 warrants exercisable at $11.50 per share, exercisable 30 days after the issuer's initial business combination and expiring five years after that event.
Bleichroeder Acquisition Corp. II reports that Adage Capital Management, L.P. and affiliated reporting persons each beneficially hold 2,250,000 Class A ordinary shares, representing 7.83% of the class based on 28,750,000 shares outstanding as of March 16, 2026.
The Schedule 13G states the shares are directly held by Adage Capital Partners, L.P. and that voting and dispositive power is shared; filing signatures are by Robert Atchinson and Phillip Gross dated May 13, 2026.
Bleichroeder Acquisition 2 France II and Pasqal Holding SAS disclose Pasqal’s selection as an XPRIZE Quantum Applications finalist. The posts, dated May 11, 2026, highlight technical evaluation ahead and reference the proposed business combination between Bleichroeder and Pasqal. The communication includes forward-looking statements and notes that a Registration Statement on Form F-4 will be filed in connection with the business combination.
Bleichroeder Acquisition 2 France II announced that Pasqal was selected as a finalist in the XPRIZE Quantum Applications competition and that Pasqal recently announced plans to go public through a business combination with Bleichroeder Acquisition Corp. II. The XPRIZE competition carries a $5 million grand prize and Pasqal is one of five teams advancing from 62 Wildcard Registration submissions; final results will be announced in 2027.
The communication also states that Pasqal employs over 275 people, has served over 25 clients and partners, and is backed by more than $500 million in total funding. The release contains customary forward-looking statements about the proposed business combination and notes that a Form F-4 registration statement and proxy/prospectus will be filed with the SEC.
Bleichroeder Acquisition Corp. II, a SPAC listed on Nasdaq, reported its first quarter as a public company and advanced its planned merger with quantum computing firm Pasqal.
As of March 31, 2026, it held $289.7 million in a trust account and recorded a net loss of $2.7 million, driven by $4.9 million of formation, general and administrative costs partly offset by $2.2 million of interest income on trust investments. The company completed a January IPO of 28,750,000 units, placing $287.5 million into the trust.
Management disclosed a working capital deficit of about $2.9 million and stated that these liquidity constraints raise substantial doubt about its ability to continue as a going concern absent a successful business combination or additional financing.
The signed Business Combination Agreement values Pasqal at $2.0 billion pre-money and requires at least $150 million of available cash at closing from the trust and external financing. A related private investment includes $250 million of senior unsecured convertible bonds and accompanying warrants for a $200 million purchase price, expected to fund concurrently with closing.
Bleichroeder Acquisition Corp. II reported leadership changes approved by its Board. Effective April 29, 2026, Andrew Gundlach resigned as President and Chief Executive Officer and was appointed Executive Chairman of the Board. Marcello Padula, previously Chief Operating Officer, was appointed Chief Executive Officer on the same date.
The company states there are no special arrangements or understandings behind these appointments, no family relationships with other executives or directors, and no related-party transactions requiring disclosure under Regulation S-K Item 404(a). Existing compensatory arrangements for both Mr. Gundlach and Mr. Padula remain unchanged.