Xanadu Jumps on $300 Million Capital Plan
Xanadu Quantum Technologies Limited shares moved higher Thursday after the company, based in Toronto, launched a $300 million synthetic at-the-market equity facility. Xanadu also said it has developed a new algorithm intended to cut costs for certain quantum applications. Class B shares on the Nasdaq were at $15.39, gaining $1.26 after reaching an intraday high of $16.47. Early trading volume was around 3.1 million shares.
