Xanadu Becomes First-Ever Photonic Quantum Company to Go Public in Billion-Dollar SPAC Deal

Toronto-based Xanadu Quantum Technologies is merging with Cascadia Acquisition Corp. in a $1B SPAC deal, making it the first pure-play photonic quantum computing company listed in North America. The move positions Xanadu to commercialize its light-based quantum processors and expand global access to room-temperature quantum computing.

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