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Pasqal Holding SA (PSQL) is the issuer whose ordinary shares Temasek Holdings (Private) Limited reported it may be deemed to beneficially own: 11,873,655 shares, or 5.6% of the class. The reported holdings are through two indirect wholly-owned subsidiaries. Temasek reported shared voting and dispositive power over 11,873,655 shares and no sole voting or dispositive power. The 5.6% figure is based on 212,293,691 ordinary shares outstanding as of September 1, 2026.
Key Figures
Beneficially owned shares:11,873,655 ordinary sharesShares attributed to one indirect subsidiary:10,504,462 ordinary sharesShares attributed to another indirect subsidiary:1,369,193 ordinary shares+2 more
5 metrics
Beneficially owned shares11,873,655 ordinary sharesTemasek may be deemed to beneficially own this aggregate amount
Shares attributed to one indirect subsidiary10,504,462 ordinary sharesTemasek ownership disclosure
Shares attributed to another indirect subsidiary1,369,193 ordinary sharesTemasek ownership disclosure
Ownership percentage5.6%Based on ordinary shares outstanding as of September 1, 2026
Ordinary shares outstanding212,293,691 sharesAs of September 1, 2026
"may be deemed to beneficially own in aggregate 11,873,655 ordinary shares"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
shared voting powerfinancial
"Shared Voting Power 11,873,655.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerfinancial
"Shared Dispositive Power 11,873,655.00"
indirect wholly-owned subsidiaryfinancial
"through an indirect wholly-owned subsidiary that owns 10,504,462 ordinary shares"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many PSQL shares did Temasek report beneficially owning?
Temasek reported it may be deemed to beneficially own 11,873,655 PSQL ordinary shares, equal to 5.6% of the class.
How many PSQL shares were outstanding for Temasek's 5.6% calculation?
212,293,691 ordinary shares were outstanding as of September 1, 2026, the share count used for Temasek's reported 5.6% interest.
How were Temasek's PSQL shares divided between its subsidiaries?
One indirect wholly-owned subsidiary owned 10,504,462 ordinary shares, and another indirect wholly-owned subsidiary owned 1,369,193 ordinary shares.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Pasqal Holding SA
(Name of Issuer)
Ordinary shares, nominal value Euro 0.02 per share
(Title of Class of Securities)
F70289107
(CUSIP Number)
09/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
F70289107
1
Names of Reporting Persons
Temasek Holdings (Private) Limited
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
SINGAPORE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
11,873,655.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
11,873,655.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
11,873,655.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.6 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Pasqal Holding SA
(b)
Address of issuer's principal executive offices:
24, rue Emile Baudot, 91120 Palaiseau, France
Item 2.
(a)
Name of person filing:
Temasek Holdings (Private) Limited
(b)
Address or principal business office or, if none, residence:
60B Orchard Road
#06-18
The Atrium@Orchard
Singapore 238891
(c)
Citizenship:
Republic of Singapore
(d)
Title of class of securities:
Ordinary shares, nominal value Euro 0.02 per share
(e)
CUSIP Number(s):
F70289107
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Temasek, through an indirect wholly-owned subsidiary that owns 10,504,462 ordinary shares of the Issuer and another indirect wholly-owned subsidiary that owns 1,369,193 ordinary shares of the Issuer, may be deemed to beneficially own in aggregate 11,873,655 ordinary shares of the Issuer.
(b)
Percent of class:
5.6%
The percentage above is based on 212,293,691 ordinary shares of the Issuer outstanding as of September 1, 2026, as set forth in the Issuer's prospectus on Form 424B3 filed with the Securities and Exchange Commission on October 7, 2026.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0.00
(ii) Shared power to vote or to direct the vote:
11,873,655.00
(iii) Sole power to dispose or to direct the disposition of:
0.00
(iv) Shared power to dispose or to direct the disposition of:
11,873,655.00
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
Not Applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.