Corporate ActionApr 26, 2026, 05:18 AM
XNDU Registers 293.6M Class B Shares for Sale; 157.9K for Warrants
AI Summary
Xanadu Quantum Technologies Ltd. (XNDU) filed an F-1 registration statement for the potential sale of up to 293,655,720 Class B Subordinate Voting Shares by selling securityholders and 157,960 Class B Shares issuable upon warrant exercise. This registration follows the completion of a business combination on March 26, 2026, which resulted in Xanadu acquiring Old Xanadu and Crane Harbor Acquisition Corp. The company, a leading quantum computing firm, is an emerging growth company and foreign private issuer, with its shares listed on Nasdaq and TSX.
Key Highlights
- Registration of up to 293,655,720 Class B Subordinate Voting Shares by selling securityholders.
- Registration of up to 157,960 Class B Subordinate Voting Shares from warrant exercise.
- Business Combination completed on March 26, 2026, involving Old Xanadu and CHAC.
- XNDU Class B Shares listed on Nasdaq and TSX under symbol "XNDU".
- Nasdaq closing price on April 21, 2026: $22.90.
- TSX closing price on April 21, 2026: C$31.28.
- Company is an "emerging growth company" and "foreign private issuer".
- Achieved quantum supremacy in 2022 with 216-qubit Borealis system.
Price Impact
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