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EFFECT ·Filed Oct 7, 2026

PSQL

Pasqal Holding SA
NEUTRAL
Impact 3/10
Horizondays Processed20d 21h ago SEC9999999995-26-003158
IPO/offering going effective
Actionable Insight • Neutral

The effectiveness of the registration statement means Pasqal can now sell shares at any time. Monitor for a subsequent prospectus or pricing amendment (424B) to determine the size and terms of the offering, which will clarify the dilution impact. The company's history as a SPAC merger entity suggests this may relate to PIPE shares or earnout shares becoming freely tradable.

DirectionNeutral
Confidencemedium
Horizondays
Latest settled — T+5d ⚠ clustered
PSQL ▼ -19.83% at T+5d
NEUTRAL call -19.83% · α vs SPY -18.85% · entry $7.26 → $5.82
Next anchor: T+20d in 7d
Latest observation: T+12 -5.67% FF3 residual α
Entry = T+0 close
Oct 7, 2026
via day close
T+1d
-1.10%
call -1.10% · α -0.68%
$7.18
settled 20d ago
T+5d
-19.83%
call -19.83% · α -18.85%
$5.82
settled 14d ago
T+20d
Pending
in 7d
T+60d
Pending
in 2mo

Price Chart

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Executive Summary

Pasqal Holding SA's registration statement (File No. 333-298830) became effective on October 6, 2026, under the Securities Act of 1933. This effectiveness clears the way for the company to sell securities, likely in connection with its recent business combination (formerly Bleichroeder Acquisition France Merger Sub 2). The filing does not specify the offering size or type, but the effectiveness itself is a procedural milestone that introduces potential dilution overhang.

Key Facts

  • Effectiveness date: October 6, 2026
  • Registration statement file number: 333-298830
  • Company formerly known as Bleichroeder Acquisition France Merger Sub 2 (name change May 22, 2026) and Bleichroeder Acquisition 2 France (name change March 11, 2026)
  • SIC classification: 7374 (Services-Computer Processing & Data Preparation)
  • No offering size, share count, or pricing details disclosed in the EFFECT filing

Financial Impact

Undisclosed — no offering size or pricing provided in the EFFECT notice

dilution

Risk Factors

  • Potential dilution from future share sales under the effective registration statement
  • No details on offering size or use of proceeds — uncertainty about capital structure impact

Documents Analyzed

This report is based on 3 SEC documents filed with EDGAR.

DocumentAccession Number
EFFECT Filing (Primary)9999999995-26-003158
Document: 9999999995-26-003158-index.html9999999995-26-003158
Document: 9999999995-26-003158.txt9999999995-26-003158
11 reports for PSQL
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for PSQL — sortable, filterable
TypeNow
Oct 16, 2026
11d ago
SC 13G
NEUTRAL ★ 4/10
$5.67awaiting T+20—$5.65 (−0.35%)
Oct 7, 2026
20d ago
SC 13G
NEUTRAL ★ 3/10
$7.18awaiting T+20—$5.65 (−21.31%)
Oct 7, 2026
20d ago
SC 13G
NEUTRAL ★ 4/10
$7.18awaiting T+20—$5.65 (−21.31%)
Oct 7, 2026
20d ago
EFFECT
NEUTRAL ★ 3/10
$7.26awaiting T+20—$5.65 (−22.18%)
Sep 28, 2026
29d ago
6-K
MIXED ★ 5/10
$6.70 $5.35▼ −20.15%▼ −20.12%$5.65 (−15.67%)
Sep 24, 2026
4w ago
6-K
BEARISH ★ 7/10
$7.34 $5.65▲ +23.02%▲ +22.60%$5.65 (+23.02%)
Sep 24, 2026
4w ago
Press Release
NEUTRAL ★ 5/10
$7.34 $5.65▼ −23.02%▼ −22.60%$5.65 (−23.02%)
Sep 21, 2026
5w ago
EFFECT
NEUTRAL ★ 5/10
$7.31 $5.93▼ −18.88%▼ −17.97%$5.65 (−22.71%)
Sep 17, 2026
5w ago
Press Release
NEUTRAL ★ 4/10
$7.91 $5.88▼ −25.66%▼ −26.87%$5.65 (−28.57%)
Sep 2, 2026
7w ago
20-F
BEARISH ★ 7/10
$9.75 $6.05▲ +37.95%▲ +36.76%$5.65 (+42.05%)
Showing 10 of 11

US Market Status

Market Closed — Opens Thu (11h 54m)

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Report published Oct 7, 2026