Pasqal Holding SA (PSQLW) Warrant
Each PSQLW warrant gives the holder the right to buy 1 share of Pasqal Holding SA at $11.50 per share, until August 31, 2027. The stock last closed at $6.05, below the strike, so the warrant is out of the money. Pasqal Holding SA has a market value of about $1.28B. There are 9.58M listed warrants; exercising all of them would add 4.5% to the 212.29M shares outstanding. The company can call the warrants if the stock trades at or above $18.00.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- 2027-08-31
- Redemption trigger
- $18.00
- Cashless exercise
- allowed
- Break-even stock price
- $12.56
From the issuer's 424B3 (2026-09-18).
Company and stock
- Company
- Pasqal Holding SA
- Underlying stock
- PSQL
- Share price
- $6.05
- Market cap
- $1.28B
- Shares outstanding
- 212.29M
- Range since Jan 2026
- $6.05 – $19.11
- Change since Jan 2026
- -39%
- Value of all listed warrants
- $10.16M (0.8% of market cap)
- Industry
- Services: Computer Processing & Data Preparation
- Head office
- 75002 Paris
- Incorporated in
- France
Market cap is the last share price times shares outstanding (as of 20-F 2026-). Industry and head office are as the company reports them to the SEC. All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $1.06
- Price / model
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Dilution
- Shares outstanding
- 212.29M
- Listed warrants
- 9.58M
- Dilution if all exercised
- 4.5%
Warrant count from filing notes, read by hand (high): Public Warrants (Bleichroeder Acquisition Corp. II, one-third warrant per unit).
Filings and events
Questions about PSQLW
When does the PSQLW warrant expire?
PSQLW expires on August 31, 2027.
What is the strike price of PSQLW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
Can Pasqal Holding SA redeem the PSQLW warrants early?
Yes. The company can call them if the share price reaches $18.00 for the required period (usually 20 of 30 trading days).
How many PSQLW warrants are outstanding?
9.58M listed warrants, equal to 4.5% dilution if all are exercised.
Related warrants
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