10:11:33 EDT Thu 09 Jul 2026
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Xanadu Quantum Technologies Ltd
Symbol XNDU
Shares Issued 46,041,963
Close 2026-07-08 C$ 15.87
Market Cap C$ 730,685,953
Recent Sedar+ Documents

Globe says Xanadu sees another exotic tech company list

2026-07-09 07:28 ET - In the News

The Globe and Mail reports in its Thursday edition that 14 months ago, General Fusion Inc. cut staff, reduced operations and published an open letter from chief executive officer Greg Twinney seeking help secure the future of the cash-strapped Richmond, B.C., company. The Globe's Sean Silcoff writes that now, it is set to start life as a public company with enough money to complete a key step in what has so far been a 24-year quest to bring a fully functioning fusion power plant to market. The question, which it will answer this week, is exactly how much money that will take. In January, General Fusion struck a deal to go public by merging with a Nasdaq-listed special purpose acquisition company, or SPAC, called Spring Valley Acquisition Corp. III (SVAIII). On Monday, SVAIII shareholders approved the deal and the combined company will be renamed General Fusion Group Ltd. trading under the symbol GFUZ. General Fusion is one of three, including Xanadu Quantum and Uni Express, to pursue a SPAC combination. The only other fusion developer going public is TAE Technologies, which has agreed to merge with Trump Media & Technology Group. That makes General Fusion the first and, for now, only public fusion-focused developer.

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