Bleichroeder Acquisition II revises post-merger equity incentive plan to allow awards up to 10% of shares
BBCQ•Merger terms revised for post-closing incentive plan
Bleichroeder Acquisition Corp. II amended merger terms with Pasqal on July 22, 2026 to revise the post-closing long-term incentive plan.
The surviving company will adopt an LTIP offering founder’s warrants or free shares worth up to 10% of shares outstanding at closing.
The 10% cap is calculated on a fully diluted, as-converted basis, adjusted for any shareholder redemptions.
Parent and Pasqal will negotiate further LTIP changes, including performance-based vesting, subject to the surviving company board’s sign-off.
