Xanadu Quantum Technologies Limited received a Schedule 13G filing reporting that Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander hold 82,694 shared voting and dispositive Class B Subordinate Voting Shares (CUSIP 98390R102), representing 0.2% of the class. The filing notes the reporting persons "acquired beneficial ownership of more than 5%... on June 17, 2026" and "ceased to be beneficial owners of more than 5%... by the date of this filing." The filing is signed by Gil Raviv and Israel A. Englander and includes a Joint Filing Agreement dated June 24, 2026.
Positive
None.
Negative
None.
Insights
Schedule 13G reports a passive disclosure of shared holdings of 82,694 Class B shares (0.2%).
The filing lists 82,694 shares of shared voting and dispositive power held by entities tied to Millennium Management and Israel A. Englander. It states these reporting persons briefly exceeded 5% on June 17, 2026 and later fell below that threshold by the filing date.
The excerpt includes a Joint Filing Agreement dated June 24, 2026. Subsequent public filings may clarify timing and transactions that changed the >5% status.
Disclosure signals an institutional passive position recorded after a threshold event, with limited immediate governance impact.
The reported shared power amounts indicate control through managed entities, not direct sole ownership. The filing language expressly disclaims that the listed relationships alone constitute an admission of beneficial ownership.
Because the position is 0.2% at filing, material governance influence appears limited; any investor interest centers on the transactions that caused the temporary >5% holding.
Key Figures
Shared voting/dispositive power:82,694 sharesPercent of class:0.2%CUSIP:98390R102+2 more
5 metrics
Shared voting/dispositive power82,694 sharesClass B Subordinate Voting Shares
Percent of class0.2%percent of Class B Subordinate Voting Shares
CUSIP98390R102Class B Subordinate Voting Shares identifier
Date exceeded 5%June 17, 2026acquired beneficial ownership >5% on this date
Joint Filing Agreement dateJune 24, 2026date of Joint Filing Agreement among reporting persons
"Item 1. | (a) | Name of issuer: Xanadu Quantum Technologies Limited"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
shared dispositive powerfinancial
"Shared Dispositive Power 82,694.00"
Joint Filing Agreementregulatory
"Exhibit I: Joint Filing Agreement, dated as of June 24, 2026"
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Xanadu Quantum Technologies Limited
(Name of Issuer)
Class B Subordinate Voting Shares, without par value
(Title of Class of Securities)
98390R102
(CUSIP Number)
06/17/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
98390R102
1
Names of Reporting Persons
Millennium Management LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
82,694.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
82,694.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
82,694.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.2 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
98390R102
1
Names of Reporting Persons
Millennium Group Management LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
82,694.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
82,694.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
82,694.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.2 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
98390R102
1
Names of Reporting Persons
Israel A. Englander
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
82,694.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
82,694.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
82,694.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.2 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Xanadu Quantum Technologies Limited
(b)
Address of issuer's principal executive offices:
777 Bay Street, Suite 2400, Toronto, Ontario, M5G 2C8, Canada
Item 2.
(a)
Name of person filing:
Millennium Management LLC
Millennium Group Management LLC
Israel A. Englander
(b)
Address or principal business office or, if none, residence:
Millennium Management LLC
399 Park Avenue
New York, New York 10022
Millennium Group Management LLC
399 Park Avenue
New York, New York 10022
Israel A. Englander
c/o Millennium Management LLC
399 Park Avenue
New York, New York 10022
(c)
Citizenship:
Millennium Management LLC - Delaware
Millennium Group Management LLC - Delaware
Israel A. Englander - United States
(d)
Title of class of securities:
Class B Subordinate Voting Shares, without par value
(e)
CUSIP Number(s):
98390R102
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
See response to Item 9 on each cover page.
After acquiring beneficial ownership of more than 5% of the outstanding Class B Subordinate Voting Shares on June 17, 2026, the reporting persons ceased to be beneficial owners of more than 5% of the outstanding Class B Subordinate Voting Shares by the date of this filing.
(b)
Percent of class:
See response to Item 11 on each cover page.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See response to Item 5 on each cover page.
(ii) Shared power to vote or to direct the vote:
See response to Item 6 on each cover page.
(iii) Sole power to dispose or to direct the disposition of:
See response to Item 7 on each cover page.
(iv) Shared power to dispose or to direct the disposition of:
See response to Item 8 on each cover page.
The securities disclosed herein as potentially beneficially owned by Millennium Management LLC, Millennium Group Management LLC and Mr. Englander are held by entities subject to voting control and investment discretion by Millennium Management LLC and/or other investment managers that may be controlled by Millennium Group Management LLC (the managing member of Millennium Management LLC) and Mr. Englander (the sole voting trustee of the managing member of Millennium Group Management LLC). The foregoing should not be construed in and of itself as an admission by Millennium Management LLC, Millennium Group Management LLC or Mr. Englander as to beneficial ownership of the securities held by such entities.
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
See Exhibit I
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Millennium Management LLC
Signature:
/s/ Gil Raviv
Name/Title:
Gil Raviv, Global General Counsel
Date:
06/24/2026
Millennium Group Management LLC
Signature:
/s/ Gil Raviv
Name/Title:
Gil Raviv, Global General Counsel
Date:
06/24/2026
Israel A. Englander
Signature:
/s/ Israel A. Englander
Name/Title:
Israel A. Englander
Date:
06/24/2026
Exhibit Information
Exhibit I: Joint Filing Agreement, dated as of June 24, 2026, by and among Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander.
What stake did Millennium report in Xanadu (XNDU)?
They reported 82,694 shares of shared voting and dispositive power, equal to 0.2% of the Class B Subordinate Voting Shares. The figure appears on the cover responses and the filing cites CUSIP 98390R102.
When did the reporting persons exceed 5% ownership?
The filing states they "acquired beneficial ownership of more than 5% of the outstanding Class B Subordinate Voting Shares on June 17, 2026." It also says they fell below that threshold by the filing date.
Who signed the Schedule 13G for this filing?
The filing is signed by Gil Raviv, Global General Counsel and Israel A. Englander, dated June 24, 2026, and includes a Joint Filing Agreement among the reporting persons.
Does this filing show sole control of the shares?
No. The cover responses list 0 sole voting and dispositive power and 82,694 shared voting and dispositive power, indicating shared control through managed entities rather than sole ownership.
Is the current reported holding material for governance?
The filing shows a 0.2% shared position, which is small relative to a full equity class. The filing notes a prior >5% event; governance impact depends on transactions that changed that status and are not detailed here.
