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EFFECT ·Filed Sep 21, 2026

PSQL

Pasqal Holding SA
NEUTRAL
Impact 5/10
Horizondays Processed1mo ago SEC9999999995-26-003010
IPO/offering going effective
Actionable Insight • Neutral

IPO pricing likely within 1-2 trading days. Watch for the final prospectus (424B4) disclosing offer price, share count, and use of proceeds. The company's former name history suggests a prior SPAC structure — monitor for lockup expiration and insider selling patterns post-IPO.

DirectionNeutral
Confidencemedium
Horizondays
Latest settled — T+20d
PSQL ▼ -18.88% at T+20d
NEUTRAL call -18.88% · α vs SPY -17.97% · entry $7.31 → $5.93
Next anchor: T+60d in 7w
Latest observation: T+24 -12.20% FF3 residual α
Entry = T+0 close
Sep 21, 2026
via day close
T+1d
+1.23%
call +1.23% · α +1.25%
$7.40
settled 5w ago
T+5d
-8.34%
call -8.34% · α -7.32%
$6.70
settled 29d ago
T+20d
-18.88%
call -18.88% · α -17.97%
$5.93
settled 8d ago
T+60d
Pending
in 7w

Price Chart

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Executive Summary

Pasqal Holding SA's registration statement on Form F-1 (File No. 333-298830) became effective on September 18, 2026. This is a foreign private issuer IPO registration — the company can now price its initial public offering and begin trading on a U.S. exchange under the ticker PSQL. The effectiveness clears the SEC review process, typically preceding pricing by 1-2 days.

Key Facts

  • Effectiveness date: September 18, 2026
  • Registration type: F-1 (IPO for foreign private issuer)
  • SEC File No.: 333-298830
  • Former names: Bleichroeder Acquisition France Merger Sub 2 (changed 2026-05-22), Bleichroeder Acquisition 2 France (changed 2026-03-11)
  • SIC: 7374 — Services-Computer Processing & Data Preparation (quantum computing sector)

Financial Impact

IPO size not disclosed in this filing — effectiveness notice contains no offering terms

dilutioncashProceeds

Risk Factors

  • No offering size or price range disclosed — valuation and demand unknown
  • Former SPAC structure may carry legacy warrant/earnout overhang
  • Quantum computing sector is pre-revenue for most players; post-IPO volatility likely high

Documents Analyzed

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

DocumentAccession Number
EFFECT Filing (Primary)9999999995-26-003010
Document: 9999999995-26-003010-index.html9999999995-26-003010
Document: 9999999995-26-003010.txt9999999995-26-003010
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 Wed (15h 42m)

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Report published Sep 21, 2026