Bleichroeder Acquisition II and Pasqal Amend Merger Agreement, Setting LTIP Up to 10% Post-Closing

Bleichroeder Acquisition II, its merger subsidiary, and Pasqal entered Amendment No. 3 to their Business Combination Agreement to revise the post-merger equity incentive plan. The Surviving Corporation will adopt an LTIP allowing awards in founder’s warrants or free shares up to 10% of fully diluted shares immediately after closing, after redemptions. The parties will further negotiate performance-based vesting terms in good faith, subject to board approval.

Agreement details:

• Agreement type: Amendment No. 3 to Agreement and Plan of Merger
• Counterparty: Pasqal; Bleichroeder Acquisition France Merger Sub 2
• Signed / Effective: Jul 22 2026 / same
• Duration / Termination: Until closing
• Reason: Align post-merger incentives and define LTIP parameters

Original SEC Filing:

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