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Xanadu Quantum to trade on TSX on March 27

2026-03-25 20:55 ET - New Listing

The Toronto Stock Exchange reports that Xanadu Quantum Technologies Ltd. will be listed at 5:01 p.m. on March 26, 2026, for trading at the open on March 27, 2026. According to the TSX, there will be 43,284,437 Class B subordinate voting shares of the company issued and outstanding, and 347,446,890 shares reserved for issuance. The shares will trade under the symbol XNDU, in Canadian dollars and with Cusip No. 98390R 10 2.

The TSX reports that on Nov. 3, 2025, the company, Xanadu Quantum Technologies Inc. (Old Xanadu) and Crane Harbor Acquisition Corp. entered into a business combination agreement pursuant to which, among other things, the company will acquire Old Xanadu and Crane Harbor. In connection with the business combination, the company entered into subscription agreements for the private placement of an aggregate of 27.5 million Class B subordinate voting shares at a price of $10 (U.S.) per share for aggregate gross proceeds of $275-million (U.S.). The financing is expected to close concurrently with the closing of the business combination.

Founded in 2016, Old Xanadu is a Canadian quantum hardware and software company. Old Xanadu also leads the development of PennyLane, an open-source software library for quantum computing and application development. According to the TSX, the company has never declared or paid cash dividends, and it does not anticipate paying any cash dividends or making any distributions to shareholders in the foreseeable future.

The company's transfer agent and registrar is Computershare Investor Services Inc. at its principal office in Toronto, its fiscal year-end is Dec. 31, and the temporary market-maker is Independent Trading Group (ITG) Inc. The Class B shares are also expected to be listed on the Nasdaq Global Market under the symbol XNDU.

For more information, see the registration statement on Form F4, which was declared effective Feb. 27, 2026, and is available on EDGAR. The Canadian prospectus is expected to be dated March 25, 2026, and to be available on SEDAR+.

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