Xanadu Announces $300 Million Synthetic At-The-Market Program

Xanadu Quantum Technologies has entered into a synthetic at-the-market equity facility allowing it to sell up to $300 million of Class B subordinate voting shares over three years. The company intends to use net proceeds for working capital and general corporate purposes, citing the need for flexible capital access to fund its growth strategy and roadmap toward fault-tolerant quantum computing.

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