Pasqal Secures EUR340M, Eyes Dual Nasdaq & Euronext Listing

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Pasqal Secures EUR340M Funding, Eyes Dual Nasdaq and Euronext Listing via SPAC Merger Valuing Company at $2 Billion

Palaiseau, France - Pasqal Holding SAS, a France-headquartered global leader in quantum solutions based on neutral atom technology, has announced a significant new phase of development, securing at least EUR340 million in financing in anticipation of its public listing. This funding includes a EUR170 million private funding round and a committed convertible financing of approximately EUR170 million (USD200 million).

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About Pasqal Holding SAS

Pasqal is a leader in the industrialization of neutral-atom quantum computing, transforming Nobel Prize-winning research into real-world solutions for industry, science, and governments. Since its founding in 2019, Pasqal has built high-performance quantum systems and cloud-ready software designed to address complex challenges in optimization, simulation, and artificial intelligence. Pasqal, headquartered in France, employs over 275 people and serves over 25 clients, including CMA CGM, OVHcloud, Thales, IBM (Pasqal is part of the IBM Quantum Network), Nvidia, and Sumitomo. Backed by more than $300 million in total funding from leading international investors, Pasqal is accelerating the adoption of scalable, high-performance quantum computing worldwide.

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