Xanadu begins trading on Nasdaq and TSX as XNDU

Xanadu

Xanadu began trading on TSX and Nasdaq as XNDU after merging with SPAC Crane Harbor Acquisition Corp., becoming the first pure-play photonic quantum company to go public. Gross proceeds reached about $302M after heavy redemptions.

• First pure-play photonic quantum computing company to go public
• Traded on both Nasdaq and Toronto Stock Exchange as XNDU
• ~$302M gross proceeds after redemptions from intended $500M
• Separate from planned CAD$390M investment from Canadian governments