Bleichroeder Acquisition II swings to Q2 net income of $298,688; H1 net loss widens to $2.39 million

Bleichroeder Acquisition Corp. II posted GAAP net income of $298,688 for the quarter ended June 30, 2026.

Interest earned on investments in the Trust Account rose to $2.56 million, while formation, general and administrative costs climbed to $2.27 million.

It is pursuing a Pasqal business combination valuing Pasqal at $2 billion pre-money, with a $250 million private placement investment tied to closing.

For the six months ended June 30, 2026, it reported a GAAP net loss of $2.39 million on $4.78 million of Trust Account interest.

Cash outside the Trust Account totaled $866,407, while marketable securities held in the Trust Account increased to $292.28 million.