Xanadu Quantum Technologies (XNDU) files 424B3; shares trade on Nasdaq and TSX, no new offering priced

Filed August 21, 2026 · ~1 min read

Key Changes

• medium

  Xanadu's Class B Subordinate Voting Shares are listed on Nasdaq and TSX under XNDU; last reported prices were $10.11 and C$13.97 on August 20, 2026.

  The Offering view on EDGAR →
• high

  Cash and cash equivalents increased to $312.8 million as of June 30, 2026, from $16.2 million at year-end 2025, driven by Reverse Recapitalization, PIPE, and SATM Facility.

  Management's Discussion and Analysis verify on EDGAR →
• medium

  Company updated Adjusted EBITDA definition to exclude all changes in fair value of financial instruments, broadening from only warrant liabilities.

  Management's Discussion and Analysis verify on EDGAR →