Not our type of deal but an object lesson in understanding the ownership structure.
From Blockonomi, May 4:
- Shares of XNDU plummeted 55% on Monday following a registration filing for 293.6 million Class B shares available for resale.
- Over 254 million shares stem from Class A Multiple Voting Share conversions tied to the Crane Harbor SPAC merger.
- The company won’t benefit financially from these resales, aside from potential proceeds if cash warrants are exercised.
- Additional shares include 27.5 million from private placement rounds and 7.33 million Founder Shares held by Crane Harbor Sponsor LLC.
- Trading closed at $29.10 on Nasdaq and C$39.45 on the TSX on April 30, 2026.
Xanadu Quantum Technologies (XNDU) experienced a dramatic 55% decline Monday morning following the submission of a prospectus seeking to register nearly 293.6 million Class B Subordinate Voting Shares for resale by current stakeholders....
....MUCH MORE
If interested see one of our very few posts on Xanadu, April 27:
"Quantum photonics roadmap — how Xanadu and PsiQuantum are looking to transfer qubits through beams of light"
The only other mention is from 2021: "Betting on Quantum Computing" but all it got was a tine on a table.
Otherwise it's just Coleridge on his hookah:
In Xanadu did Kubla KhanA stately pleasure-dome decree:Where Alph, the sacred river, ranThrough caverns measureless to manDown to a sunless sea....
