Pasqal Begins Trading on Nasdaq With $360 Million in Cash

Pasqal completed its Nasdaq listing and began trading as PSQL with roughly $360 million in cash. The company runs seven working quantum computers worldwide, with three more coming, and counts over 25 active commercial and research customers, including Saudi Aramco, Crédit Agricole CIB, LG Electronics, NVIDIA, and the IBM Quantum Network.

Pasqal is now the fourth quantum hardware company to complete a public listing in 2026, following Quantinuum, IQM, and Horizon Quantum. Its cash position is larger than Horizon's and close to IQM's

The listing is now confirmed, not just proposed. The real test comes with Pasqal's first earnings report as a public company, which will let us compare its numbers against IQM, Horizon, and Xanadu using the same standard.

Pasqal and Bleichroeder Acquisition Corp. II Complete Business Combination. (2026, August 27). Pasqal. https://www.pasqal.com/newsroom/pasqal-and-bleichroeder-acquisition-corp-ii-complete-business-combination/