Bleichroeder Acquisition Corp. II
Completed 2026-08-27- CIK 2088295
- BBCQ
- Now PSQL
- IPO 2026-01-08
- $292M trust
- 87 filings
Successfully merged with Pasqal Holding SAS (Legacy Pasqal) • Now trading as PSQL
- IPO Size
- $288M
- raised at the IPO
- Trust
- $292M
- as of 2026-06-30
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2026
- year it listed
Filings, by quarter
87 filings over 4 quarters; violet bars carry a milestone
- 25 Q4: 2 filings
- 26 Q1: 29 filings
- 26 Q2: 32 filings
- 26 Q3: 24 filings
- S-1 filed 25 Q4
- IPO 26 Q1
- Definitive agreement 26 Q1
- Completed 26 Q3
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
Bleichroeder Acquisition Corp. II is a blank-check company seeking to effect an initial business combination. While it may pursue targets in any industry or region, it intends to focus on businesses in North America and Europe in disruptive growth sectors.
Geographic Focus
North America, Europe
Key Information
As the filings state it
- IPO Date
- 2026-01-08
- PIPE
- $250M
- Jurisdiction of Incorporation
- Cayman Islands
- SIC
- 6770
- Completion Date
- 2026-08-27
- Merger Target
- Pasqal Holding SAS (Legacy Pasqal)
- SPAC Ticker
- BBCQ
- Merged Ticker
- PSQL
Stock Performance
PSQLTrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2026-01-28 | $9.95 | |
| At Merger | 2026-08-28 | $19.11 | +92% |
| Current Price | 2026-10-16 | $5.67 | -43% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
Co-founders Michel Combes and Andrew Gundlach bring extensive operating and investment experience, including leadership roles at global public companies and investment firms. The team also includes finance, operations and strategy leaders with experience in financial services, technology, media, consumer businesses, and prior SPAC transactions.