Xanadu Quantum Technologies Ltd (XNDU) Form 424B3 — Oct 19, 2026
Xanadu Quantum Technologies announced provisional approval for up to USD $10 million in additional DARPA funding under the Quantum Benchmarking Initiative, structured as a one-year contract extension building on its Stage B work. The company plans to allocate the majority of the funding to accelerate critical components of its photonic quantum computing roadmap, while providing regular progress reports to DARPA for continued evaluation.
Key figures
- Debt Amount
- 0
- Contract length
- one-year extension
- Darpa funding up to usd
- 10000000
- Nasdaq close 2026 10 16
- 3.04
- Tsx close 2026 10 16 cad
- 4.29
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