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.
Pasqal Holding SA (PSQL) is the issuer named in an ownership report identifying Investiqo SAS as beneficial owner of 12,382,286 ordinary shares, or 5.8% of the class, with sole voting and dispositive power. A separate ownership-power entry lists 12,832,286 shares for sole voting and dispositive power, while the stated beneficial-ownership amount and another power entry give 12,382,286. Investiqo SAS is described as a French société par actions simplifiée; Christophe Jurczak signed as President.
Pasqal Holding SA (PSQL) is the issuer named in a Schedule 13G in which four Quantonation reporting persons disclose beneficial ownership of its ordinary shares. Quantonation I reported beneficial ownership of 21,924,691 shares (10.3%); Quantonation Co-Investment SPV I, LLC reported 322,853 shares (0.2%); and Co-Invest II reported 2,200,858 shares (1.0%).
Quantonation Ventures SAS, the investment manager, may be deemed to beneficially own the shares held by those three entities and reported beneficial ownership of 24,448,402 shares (11.5%). The reported percentages are based on 212,293,691 ordinary shares outstanding as of September 1, 2026.
Pasqal Holding SA announced a shift in its collaboration with French public authorities toward commercial applications and the end of its participation in the LSQUARE (PROQCIMA) defense program, after completing all technological objectives in the program’s first phase. The company said the change aligns with its growth strategy and innovation priorities.
Pasqal has been invited to participate in civil public support programs currently being defined. As an initial step, the Secrétariat général pour l’investissement (SGPI) and the Direction générale des entreprises (DGE) requested that Pasqal submit a research and development program for neutral-atom fault-tolerant quantum computing. Pasqal said the commercial-led approach will support implementation of its FTQC roadmap beyond the scope of PROQCIMA.
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.
Pasqal Holding SA (ticker PSQL) filed an initial insider ownership report for director Jean Raby on Form 3. The company is identified as a foreign private issuer under Rule 3a12-3(b) of the Securities Exchange Act, so the director’s transactions in its equity securities are exempt from Sections 16(b) and 16(c). No specific holdings or transactions are reported in this filing.
Pasqal Holding SA (PSQL) received a Schedule 13G from Inflection Point Fund I, LP and related entities reporting beneficial ownership of 15,890,625 Ordinary Shares, representing 7.0% of the class. This includes 2,000,000 shares currently held, plus derivatives convertible into additional shares.
The stake consists of 1,000,000 shares underlying warrants exercisable at $11.50 per share, 5,729,167 shares issuable from senior unsecured convertible bonds at an initial conversion price of $12.00, and 7,161,458 shares issuable upon warrants at $12.00 per share, all held through Inflection Point Fund I. Voting and dispositive power are shared among the reporting entities and ultimately determined by a three-member investment committee that, under the described “rule of three,” results in no individual committee member being deemed a beneficial owner of the fund’s securities.
Pasqal Holding SA (PSQL) has a new major shareholder group, as several Bpifrance-related French public investment entities collectively report beneficial ownership of 24,480,841 Ordinary Shares, representing 11.4% of the company’s Ordinary Shares outstanding as of August 27, 2026.
The stake is held through two Bpifrance-managed funds that received shares in connection with a cross-border business combination involving Bleichroeder Acquisition Corp. II and the former Pasqal Holding SAS, and includes 1,041,666 shares from senior unsecured convertible bonds and 1,302,083 shares underlying warrants at a $12.00 conversion/exercise price. Bpifrance Investissement also holds a contractual right to designate one board member, is subject to a lock-up with a 180‑day and share-price release mechanism, and benefits from registration rights for its securities, with liquidated damages of 1% of the SPA amount per 30‑day period if certain registration deadlines are not met.
Pasqal Holding SA (PSQL) reported that director-associated entity Bpifrance Investissement S.A.S., through its managed funds, entered into several equity-linked positions on August 27, 2026. FPS Bpifrance Innovation I, Compartiment B Large Venture 2 purchased Senior Unsecured Convertible Bonds initially convertible into 1,041,666 ordinary shares at a conversion price of $12.00 per share with no maturity date and anti-dilution adjustments. In connection with this bond purchase, the same fund received 1,302,083 ordinary share warrants exercisable at $12.00 per share until August 27, 2031. In addition, in the Business Combination that created Pasqal Holding SA, FPS Fonds Innovation Defense and the same Bpifrance innovation fund were allocated 15,936,582 and 6,200,510 ordinary shares, respectively. No Rule 10b5-1 trading plan is indicated.
Pasqal Holding SA (PSQL) has a new Section 16 reporting person, Bpifrance Investissement S.A.S., which is treated as a director by deputization. Under an August 27, 2026 letter agreement, for as long as Bpifrance Investissement and its affiliates beneficially own any ordinary shares, it may propose one member to Pasqal’s Board of Directors, initially through a legal-entity board member that has appointed Nicolas Berdou as its permanent representative.