| (3) | |
Represents up to 38,428,792 Class B Subordinate Voting Shares registered for resale by the selling securityholders named in this registration statement, consisting of up to: (i) 2,975,499 Class B Subordinate Voting Shares issued to certain legacy shareholders of Old Xanadu in connection with the business combination (the “Business Combination”) of Xanadu Quantum Technologies Limited, a corporation incorporated under the Business Corporations Act (Ontario), Xanadu Quantum Technologies Inc., a corporation continued under the Business Corporations Act (Ontario) and Crane Harbor Acquisition Corp., a Cayman Islands exempted company subsequently continued as a corporation under the Business Corporations Act (Ontario) and renamed following completion of the Business Combination as Xanadu Quantum Technologies Former SPAC Inc. (“CHAC”); (ii) 157,960 SVS Warrant Shares; (iii) 27,500,000 Class B Subordinate Voting Shares issued in connection with private placements pursuant to subscription agreements entered into on November 3, 2025; (iv) 7,333,333 Class B Subordinate Voting Shares originally issued to Crane Harbor Sponsor LLC, a Delaware limited liability company (the “Sponsor”); and (v) 462,000 Class B Subordinate Voting Shares originally issued to the Sponsor in a private placement in connection with the initial public offering of CHAC. Pursuant to Rule 416(a), there are also being registered an indeterminable number of additional securities as may be issued to prevent dilution resulting from share splits, share dividends or similar transactions. Pursuant to Rule 457(c) promulgated under the Securities Act, and solely for the purpose of calculating the registration fee, the proposed aggregate maximum offering price per share is $22.20 (the average of the high and low prices of our Class B Subordinate Voting Shares as reported on Nasdaq on April 15, 2026). |