EIC Fund reports 14.5M-share Pasqal stake

EIC Fund reports indirect ownership of Pasqal Holding SA shares and gains the right to propose one board member while the fund and affiliates continue to hold any ordinary shares.

Rhea-AI Filing Summary

Pasqal Holding SA (PSQL) has an initial ownership report showing that EIC Fund indirectly holds 14,510,094 Ordinary Shares of the company as of August 27, 2026. The shares are directly owned by EIC Fund; Alter Domus Management Co S.A. serves as the alternative investment fund manager of EIC Fund and may be deemed a beneficial owner through its management role, with each party disclaiming beneficial ownership beyond its pecuniary interest.

Under an August 27, 2026 letter agreement, for so long as EIC Fund and its affiliates beneficially own any ordinary shares of Pasqal Holding SA, EIC Fund is entitled to propose the appointment of one member to the company’s Board of Directors, so each reporting person may be deemed a “director by deputization” for Section 16 purposes. Because Pasqal Holding SA qualifies as a foreign private issuer, the reporting persons’ transactions in its equity securities are disclosed as exempt from Sections 16(b) and 16(c) of the Exchange Act.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider EIC Fund, Alter Domus Management Co S.A.

Role Director | Director

Type	Security	Shares	Price	Value
holding	Ordinary Shares F1	--	--	--

Holdings After Transaction: Ordinary Shares — 14,510,094 shares (Indirect, See footnote 1)

Footnotes (1)

1. F1. EIC Fund directly owns the reported ordinary shares of Pasqal Holding SA (the "Issuer"). Alter Domus Management Company S.A. ("Alter Domus" and collectively with EIC Fund, the "Reporting Persons") serves as the alternative investment fund manager of EIC Fund, and as such may be deemed the beneficial owner of the reported ordinary shares through its management of EIC Fund. Each of the Reporting Persons disclaims beneficial ownership in the ordinary shares except to the extent of its respective pecuniary interest therein.

Key Figures

Indirectly held Ordinary Shares: 14,510,094 shares

1 metrics

Indirectly held Ordinary Shares 14,510,094 shares Ordinary shares of Pasqal Holding SA reported as indirectly owned by EIC Fund as of August 27, 2026

Key Terms

director by deputization, foreign private issuer, alternative investment fund manager, beneficial owner, +1 more

5 terms

director by deputization regulatory

"each of the Reporting Persons may be deemed a "director by deputization""

foreign private issuer regulatory

"Due to the Issuer's status as a foreign private issuer"

A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.

alternative investment fund manager financial

"serves as the alternative investment fund manager of EIC Fund"

An alternative investment fund manager is a firm or individual that runs pooled investment vehicles that buy non-traditional assets—such as private equity, hedge funds, real estate, commodities or infrastructure—rather than publicly traded stocks and bonds. Investors care because these managers seek higher or different types of returns and risks, charge specialized fees, and often use less liquid strategies, so they can materially affect portfolio risk, return and access to opportunities.

beneficial owner regulatory

"may be deemed the beneficial owner of the reported ordinary shares"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

pecuniary interest financial

"disclaims beneficial ownership in the ordinary shares except to the extent of its respective pecuniary interest"

FAQ

What ownership in Pasqal Holding SA (PSQL) does EIC Fund report on this Form 3?

EIC Fund reports indirect ownership of 14,510,094 Ordinary Shares of Pasqal Holding SA. The shares are directly held by EIC Fund, with Alter Domus Management Co S.A. potentially deemed a beneficial owner through its role managing EIC Fund, subject to each party’s pecuniary interest.

How is Alter Domus Management Co S.A. involved with PSQL in this filing?

Alter Domus Management Co S.A. serves as the alternative investment fund manager of EIC Fund and may be deemed a beneficial owner of Pasqal Holding SA’s ordinary shares through its management of EIC Fund, while disclaiming beneficial ownership beyond its pecuniary interest.

What board nomination right related to PSQL does EIC Fund receive?

Under an August 27, 2026 letter agreement, EIC Fund is entitled to propose the appointment of one member to Pasqal Holding SA’s Board of Directors for so long as EIC Fund and its affiliates beneficially own any ordinary shares of the company.

Why are Section 16(b) and 16(c) short-swing rules not applied to these PSQL holdings?

Pasqal Holding SA is described as a foreign private issuer under Rule 3a12-3(b). As a result, the reporting persons’ transactions in the company’s equity securities are stated to be exempt from Sections 16(b) and 16(c) of the Securities Exchange Act of 1934.

What does “director by deputization” mean in the context of PSQL and EIC Fund?

Because EIC Fund can propose one board member under the August 27, 2026 agreement, each reporting person may be deemed a “director by deputization” of Pasqal Holding SA for Section 16 purposes, reflecting influence over board representation rather than a traditional board seat.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/08/2026 - 09:27 PM Accepted by SEC EDGAR 09/08/2026 - 09:27 PM Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

EIC Fund

(Last) (First) (Middle)

15, BOULEVARD FRIEDRICH

WILHELM RAIFFEISEN

(Street)

GASPERICH L-2411

(City) (State) (Zip)

LUXEMBOURG

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
08/27/2026

3. Issuer Name and Ticker or Trading Symbol
Pasqal Holding SA [ PSQL ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares	14,510,094(1)	I	See footnote 1

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

EIC Fund

(Last) (First) (Middle)

15, BOULEVARD FRIEDRICH

WILHELM RAIFFEISEN

(Street)

GASPERICH L-2411

(City) (State) (Zip)

LUXEMBOURG

(Country)

Relationship of Reporting Person(s) to Issuer

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Alter Domus Management Co S.A.

(Last) (First) (Middle)

15, BOULEVARD FRIEDRICH

WILHELM RAIFFEISEN

(Street)

GASPERICH L-2411

(City) (State) (Zip)

LUXEMBOURG

(Country)

Relationship of Reporting Person(s) to Issuer

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. EIC Fund directly owns the reported ordinary shares of Pasqal Holding SA (the "Issuer"). Alter Domus Management Company S.A. ("Alter Domus" and collectively with EIC Fund, the "Reporting Persons") serves as the alternative investment fund manager of EIC Fund, and as such may be deemed the beneficial owner of the reported ordinary shares through its management of EIC Fund. Each of the Reporting Persons disclaims beneficial ownership in the ordinary shares except to the extent of its respective pecuniary interest therein.

Remarks:

The Issuer and EIC Fund entered into a letter agreement, dated August 27, 2026, pursuant to which, for so long as EIC Fund and its affiliates beneficially own any ordinary shares of the Issuer, EIC Fund will be entitled to propose the appointment of one member to the Issuer's Board of Directors. Accordingly, each of the Reporting Persons may be deemed a "director by deputization" of the Issuer for purposes of Section 16 of the Securities Exchange Act of 1934 (the "Act"). Due to the Issuer's status as a foreign private issuer pursuant to Rule 3a12-3(b) under the Act, the Reporting Persons' transactions in the Issuer's equity securities are exempt from Sections 16(b) and 16(c) of the Act.

	/s/ Alain Delobbe, Conducting Officer and Board Member of the AIFM, EIC Fund (Alter Domus Management Company S.A. acting for and on behalf of EIC Fund)	09/08/2026
	/s/ Andrea Filoni, Conducting Officer, EIC Fund (Alter Domus Management Company S.A. acting for and on behalf of EIC Fund)	09/08/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)