White & Case advises Bpifrance on Pasqal dual listing on Nasdaq New York and Euronext Paris

Global law firm White & Case LLP has advised Bpifrance, the French sovereign fund, and other shareholders of Pasqal, a global leader in neutral atom quantum computing, on the proposed business combination with Bleichroeder Acquisition Corp. II, a special purpose acquisition company (SPAC), with a view to a dual listing on Nasdaq in New York and Euronext in Paris.

The transaction also includes a private fundraising of €170 million from leading international investors, as well as a commitment for approximately US$200 million in convertible bond financing through a private placement, linked to the combination with the SPAC.

The transaction, which values Pasqal at US$2 billion, represents a step in its development and confirms its position as a leader in the global quantum industry.

The White & Case team which advised on the transaction was led by partners Thomas Le Vert and Boris Kreiss (both Paris) and included partners Edouard Le Breton (Paris) and Daniel Nussen (Los Angeles & New York) and associates Alice Guillon and Selim Laroussi (both Paris).

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