Bleichroeder Amends Pasqal Merger Agreement for Equity Incentive Plan

Bleichroeder Acquisition Corp. II, Pasqal Holding SAS, and Bleichroeder Acquisition France Merger Sub 2 entered into Amendment No. 3 to their Business Combination Agreement. This amendment specifically revises the terms of the equity incentive plan (LTIP) to be adopted by the surviving corporation following the Business Combination. The LTIP will provide for awards up to ten percent of the aggregate number of the surviving corporation's shares issued and outstanding immediately after closing, on a fully-diluted and as-converted basis. Further edits to the LTIP, including performance-based vesting criteria, will be negotiated.