The Globe and Mail reports in its Thursday edition that Xanadu Quantum Technologies said Wednesday it has entered negotiations with the Ontario and federal governments to secure up to $390-million in support as the Toronto company prepares to go public. The Globe's Sean Silcoff writes that it is unusual for a company to announce a prospective government funding arrangement, including specific dollar amounts, at such an early stage. But the optics matter for Xanadu as it closes in on two key milestones. Next week Xanadu will learn how much of a potential $455-million (U.S.) in net cash it will secure in its go-public transaction. Should the deal proceed, Xanadu will become the first Canadian technology company to go public on the Toronto Stock Exchange since 2021. The deal, struck last November, would see Xanadu merge with Nasdaq-listed special purpose acquisition company (SPAC) Crane Harbor Acquisition Corp. and crosslist on the TSX. Investors will vote next Thursday on the deal which, if approved, is expected to close this month. Before that, Crane unitholders have until Tuesday morning to say if they want in or out of the deal, which comes at a period of market uncertainty and geopolitical instability.