During the quarter, the company raised CAD 67.2 million through its synthetic at-the-market equity facility with Yorkville Advisors, selling 5.5 million Class B subordinate voting shares at an average net price of CAD 12.28 per share. He described optical loss as one of the most important engineering challenges for photonic quantum computing and a critical factor in progressing toward fault-tolerant systems. General and administrative expense increased to CAD 11.1 million from CAD 9.8 million sequentially. About Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (NASDAQ:XNDU)Xanadu Quantum Technologies Limited is a quantum computing company headquartered in Toronto, Canada, that develops photonics-based quantum hardware and software. The company focuses on building programmable photonic quantum processors that use light rather than superconducting qubits, and it provides cloud-based access to its systems for researchers and commercial users.