{"success":true,"data":{"pressRelease":{"id":"150263","rtpr_id":"nGNX8vfTPk-20260922","ticker":"XNDU","exchange":"TSX","all_tickers":["XNDU"],"title":"Xanadu Appoints Tara Deakin as Chief People Officer to Lead Next Phase of Global Growth","author":"Globe Newswire","published_at":"2026-09-22T21:01:00.127Z","article_body":"TORONTO, Sept. 22, 2026 (GLOBE NEWSWIRE) -- Xanadu Quantum Technologies\nLimited (\"Xanadu\n(https://www.globenewswire.com/Tracker?data=oWx3J-JEolHSqDRu-ld3_FYD8LdC6I0PxnJJG2ccvwMoFJAEkw8Lzr94mHCyvfMPgi1aiXAF6iQzQVtBNawqdg==)\";\nNASDAQ/TSX: XNDU), a leading photonic quantum computing company, today\nannounced the addition of a strategic leader to its executive team: Tara\nDeakin as Chief People Officer. This appointment strengthens Xanadu’s\nleadership as it continues to scale and advance its mission to build quantum\ncomputers that are useful and available to people everywhere. As part of this\nplanned transition, current Chief People Officer Rebecca Laramée will\ncontinue with the company as Senior Vice President of Human Resources, where\nshe will partner with Deakin to lead Xanadu's high-growth workforce\ninitiatives.\n\n“Tara is an outstanding addition to our leadership team,” said Dr.\nChristian Weedbrook, Founder and Chief Executive Officer of Xanadu. “As we\ncontinue towards our vision of building a utility-scale, fault-tolerant\nquantum computer, her extensive experience in global enterprise\ntransformation, leadership effectiveness, and aligning human capital with\nbusiness strategy will be invaluable in scaling our organization with\ndiscipline and purpose. We are also immensely grateful to Rebecca for her\nleadership as Chief People Officer, and we look forward to her continued\nimpact as Senior Vice President of Human Resources as we build out our global\nteam.”\n\nDeakin brings extensive experience leading people and organizational strategy\nthrough periods of growth and transformation. Prior to joining Xanadu, she\nserved as Chief People Officer and Executive Vice President at Spin Master,\nwhere she had global responsibility for people strategy, corporate\ncommunications, real estate and workplace experience. During her tenure,\nhelped guide the organization as it expanded globally, entered new product\ncategories through organic growth and acquisition, and became increasingly\ncomplex — building on the strengths that drove its success while evolving\nits leadership, organization and ways of working for its next stage.\n\nOver the course of her career, Deakin has held executive leadership roles\nspanning human resources, operations, talent and enterprise strategy at Spin\nMaster, TD Bank Group, Citi and Rogers Communications. She also serves as an\nindependent director and Chair of the Human Resources Committee of goeasy Ltd.\n\n“Xanadu is building something truly extraordinary, and I’m excited to join\nat such an important point in the company’s evolution,” said Tara Deakin.\n“I look forward to partnering with Christian, Rebecca, and the broader team\nto build the organizational and leadership capabilities that will support\nXanadu’s next stage of growth and advance the company’s mission to build\nquantum computers that are useful and available to people everywhere.”\n\nEarly Warning Reporting\n\nThe following information is being provided by Dr. Weedbrook in connection\nwith the early warning requirements under applicable Canadian securities laws.\nOn September 22, 2026, Dr. Weedbrook disposed of an aggregate of 4,600,000\nClass B Subordinate Voting Shares of Xanadu (“Class B Subordinate Voting\nShares”) through sales on the Toronto Stock Exchange (the “TSX”) and\nother published markets (the “Sale”). In connection with the Sale, Dr.\nWeedbrook converted an aggregate 4,600,000 Class A Multiple Voting Shares of\nXanadu (“Class A Multiple Voting Shares”, together with the Class B\nSubordinate Voting Shares, the “Company Shares”) into Class B Subordinate\nVoting Shares on a one-for-one basis (the “Conversion”).\n\nPrior to the Conversion and Sale, Dr. Weedbrook held 46,432,704 Class A\nMultiple Voting Shares and 8,906 Class B Subordinate Voting Shares,\nrepresenting approximately 19.5% of total issued and outstanding Class A\nMultiple Voting Shares, less than 1% of total issued and outstanding Class B\nSubordinate Voting Shares, approximately 15.24% of the total issued and\noutstanding Company Shares and approximately 18.97% of total voting power\nattached to the Company Shares. The Class A Multiple Voting Shares converted\nrepresented approximately 2.98% of total issued and outstanding Class A\nMultiple Voting Shares and the Class B Subordinate Voting Shares sold pursuant\nto the Sale represented approximately 3.05% of total issued and outstanding\nClass B Subordinate Voting Shares. Following the Conversion and Sale, Dr.\nWeedbrook held 41,832,704 Class A Multiple Voting Shares and 18,593 Class B\nSubordinate Voting Shares, representing approximately 27.6% of total issued\nand outstanding Class A Multiple Voting Shares, less than 1% of total issued\nand outstanding Class B Subordinate Voting Shares, approximately 13.71% of the\ntotal issued and outstanding Company Shares and approximately 25.06% of total\nvoting power attached to the Company Shares. If all of the Class A Multiple\nVoting Shares held by Dr. Weedbrook were converted into Class B Subordinate\nVoting Shares in accordance with their terms, Dr. Weedbrook would hold\n41,851,297 Class B Subordinate Voting Shares, representing approximately\n21.70% of Class B Subordinate Voting Shares then issued and outstanding and\napproximately 3.18% of total voting power attached to the Company Shares.\n\nThe securities were sold through the facilities of the TSX and other published\nmarkets. A total of 4,041,659 shares were sold in Canada at prices ranging\nfrom C$7.00 to C$9.25. A total of 558,341 shares were sold in the U.S. at\nprices ranging from US$5.01 to US$7.27 (C$7.024521 to C$10.193267 based on the\nUSD:CAD Bank of Canada exchange rate on September 21, 2026). Aggregate gross\nproceeds of approximately C$32,831,120.00. The shares were sold by Dr.\nWeedbrook pursuant to the Sale for personal financial planning purposes.\n\nAs an executive officer of Xanadu and member of the board of the directors of\nXanadu, Dr. Weedbrook is actively involved in Xanadu’s business, operations\nand planning. Except as disclosed herein, Dr. Weedbrook does not have any\npresent plans or proposals which relate to or that would result in any of the\nactions or transactions described in paragraphs (a) through (k) of Item 5 of\nForm 62-103F1 to National Instrument 62-103 - The Early Warning System and\nRelated Take-Over Bid and Insider Reporting Issues. Dr. Weedbrook may,\nhowever, increase or decrease his registered or beneficial ownership of, or\ncontrol over, the Class A Multiple Voting Shares, Class B Subordinate Voting\nShares or other securities of Xanadu, directly or indirectly, in the future,\nin the open market, in privately-negotiated purchases, through the conversion\nof Class A Multiple Voting Shares into Class B Subordinate Voting Shares or\notherwise, depending on, among other things, Xanadu’s business and\nprospects, market and general economic conditions and other available\ninvestment opportunities, subject to applicable laws and the terms of the\nXanadu’s Articles of Incorporation (as amended), Investor and Registration\nRights Agreement and Coattail Agreement, each as described in Xanadu’s\nAnnual Information Form dated March 31, 2026.\n\nThe head office of Xanadu and the address for Dr. Weedbrook are 777 Bay\nStreet, Suite 2400, Toronto, Ontario, Canada, M5G 2C8. For further information\n(including a copy of the early warning reports to be filed with securities\nregulators in connection with this press release), please see Xanadu’s\nprofile on SEDAR+ at www.sedarplus.ca or telephone Natalie Wilmore at\n416-304-9629.\n\nAbout Xanadu\n\nFounded in 2016, Xanadu is a Canadian photonic quantum computing company with\nthe mission to build quantum computers that are useful and available to people\neverywhere. Xanadu is building fault-tolerant quantum computers using light,\nwith systems designed to compute at room temperature. Xanadu develops both\nhardware and software, including PennyLane, its open-source quantum computing\nplatform. Xanadu is the first pure-play photonic quantum computing company to\nlist on public markets (Nasdaq/TSX: XNDU) and is recognized globally for its\nbreakthroughs in scalable quantum technologies. Visit xanadu.ai or follow on X\n@XanaduAI.\n\nContacts\n\nPress Contact: press@xanadu.ai \n\nInvestor Relations: investors@xanadu.ai \n\nForward-Looking Statements\n\nThis communication includes \"forward-looking statements\" within the meaning of\nthe U.S. federal securities laws and \"forward-looking information\" within the\nmeaning of applicable Canadian securities laws (collectively, \"forward-looking\nstatements\"). Forward-looking statements may be identified by the use of words\nsuch as \"estimate,\" \"plan,\" \"project,\" \"forecast,\" \"intend,\" \"will,\" \"expect,\"\n\"anticipate,\" \"believe,\" \"seek,\" \"target,\" \"continue,\" \"could,\" \"may,\"\n\"might,\" \"possible,\" \"potential,\" \"predict\" or similar expressions that\npredict or indicate future events or trends or that are not statements of\nhistorical matters. We have based these forward-looking statements on current\nexpectations and projections about future events. These statements include:\nthe executive appointment of Tara Deakin as Chief People Officer and the role\ntransition of Rebecca Laramée to Senior Vice President of Human Resources;\nthe expected impacts of such leadership appointments on Xanadu's enterprise\ntransformation, leadership effectiveness, organizational scaling, high-growth\nworkforce initiatives, high-performance culture, and talent pipeline;\ninformation regarding Dr. Weedbrook’s securityholdings and related\nintentions; the expected advancement of Xanadu’s vision to build a\nutility-scale, fault-tolerant quantum computer; and Xanadu’s mission to\nbuild quantum computers that are useful and available to people everywhere.\n\nThese forward-looking statements are provided for illustrative purposes only\nand are not intended to serve as, and must not be relied on as, a guarantee,\nan assurance, a prediction or a definitive statement of fact or probability.\nActual events and circumstances are difficult or impossible to predict and\nwill differ from assumptions, many of which are beyond the control of Xanadu.\nThese forward-looking statements are subject to known and unknown risks,\nuncertainties and assumptions that may cause the actual results of Xanadu,\nlevels of activity, performance or achievements to be materially different\nfrom any future results, levels of activity, performance or achievements\nexpressed or implied by such statements. Such risks and uncertainties include:\nthe risk that executive transitions may cause operational disruptions or fail\nto achieve intended organizational objectives; Xanadu's ability to\nsuccessfully integrate new executive leadership and retain key personnel\nduring transitions; challenges in scaling workforce initiatives and talent\npipelines to support accelerated growth; that Xanadu is pursuing an emerging\ntechnology, faces significant technical challenges and may not achieve\ncommercialization or market acceptance; Xanadu's historical net losses and\nlimited operating history; that there is substantial doubt about Xanadu's\nability to continue as a going concern; Xanadu's expectations regarding future\nfinancial performance, capital requirements and unit economics; Xanadu's use\nand reporting of business and operational metrics; Xanadu's competitive\nlandscape; Xanadu's dependence on members of its senior management and its\nability to attract and retain qualified personnel; the potential need for\nadditional future financing; Xanadu's ability to manage growth and expand its\noperations; potential future acquisitions or investments in companies,\nproducts, services or technologies; Xanadu's reliance on strategic partners\nand other third parties; Xanadu's concentration of revenue in contracts with\ngovernment or state-funded entities; Xanadu's ability to maintain, protect and\ndefend its intellectual property rights; risks associated with privacy, data\nprotection or cybersecurity incidents and related regulations; the use, rate\nof adoption, and regulation of artificial intelligence and machine learning;\nuncertainty or changes with respect to laws and regulations; uncertainty or\nchanges with respect to taxes, trade conditions and the macroeconomic\nenvironment; material weaknesses in Xanadu's internal control over financial\nreporting and its ability to maintain internal control over financial\nreporting and operate as a public company; the outcome of any legal\nproceedings or government investigations that may be commenced against Xanadu;\nXanadu’s ability to issue equity or equity-linked securities in the future;\nand other factors described in Xanadu's filings with the SEC (www.sec.gov) and\nthe Canadian Securities Administrators (www.sedarplus.com). These\nforward-looking statements are based on certain assumptions, including that\nnone of the risks identified above materialize; that there are no unforeseen\nchanges to economic and market conditions, and that no significant events\noccur outside the ordinary course of business. Additional information\nconcerning these and other factors that may impact such forward-looking\nstatements can be found in filings and potential filings by Xanadu with the\nSEC and the Canadian Securities Administrators, including under the heading\n\"Risk Factors.\" If any of these risks materialize or assumptions prove\nincorrect, actual results could differ materially from the results implied by\nthese forward-looking statements. In addition, these statements reflect the\nexpectations, plans and forecasts of Xanadu's management as of the date of\nthis communication; subsequent events and developments may cause their\nassessments to change. While Xanadu may elect to update these forward-looking\nstatements at some point in the future, they specifically disclaim any\nobligation to do so, unless required by applicable securities laws.\nAccordingly, undue reliance should not be placed upon these statements.\n\nIn addition, statements that \"we believe\" and similar statements reflect our\nbeliefs and opinions on the relevant subject. These statements are based upon\ninformation available to us as of the date of this communication, and while we\nbelieve such information forms a reasonable basis for such statements, such\ninformation may be limited or incomplete, and our statements should not be\nread to indicate that we have conducted an exhaustive inquiry into, or review\nof, all potentially available relevant information. These statements are\ninherently uncertain and investors are cautioned not to unduly rely upon these\nstatements.\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX8vfTPk-20260922","title":"Xanadu Appoints Tara Deakin as Chief People Officer to Lead Next Phase of Global Growth","author":"Globe Newswire","ticker":"XNDU","created":"2026-09-22T21:01:00.127Z","tickers":["XNDU"],"exchange":"TSX","article_body":"TORONTO, Sept. 22, 2026 (GLOBE NEWSWIRE) -- Xanadu Quantum Technologies\nLimited (\"Xanadu\n(https://www.globenewswire.com/Tracker?data=oWx3J-JEolHSqDRu-ld3_FYD8LdC6I0PxnJJG2ccvwMoFJAEkw8Lzr94mHCyvfMPgi1aiXAF6iQzQVtBNawqdg==)\";\nNASDAQ/TSX: XNDU), a leading photonic quantum computing company, today\nannounced the addition of a strategic leader to its executive team: Tara\nDeakin as Chief People Officer. This appointment strengthens Xanadu’s\nleadership as it continues to scale and advance its mission to build quantum\ncomputers that are useful and available to people everywhere. As part of this\nplanned transition, current Chief People Officer Rebecca Laramée will\ncontinue with the company as Senior Vice President of Human Resources, where\nshe will partner with Deakin to lead Xanadu's high-growth workforce\ninitiatives.\n\n“Tara is an outstanding addition to our leadership team,” said Dr.\nChristian Weedbrook, Founder and Chief Executive Officer of Xanadu. “As we\ncontinue towards our vision of building a utility-scale, fault-tolerant\nquantum computer, her extensive experience in global enterprise\ntransformation, leadership effectiveness, and aligning human capital with\nbusiness strategy will be invaluable in scaling our organization with\ndiscipline and purpose. We are also immensely grateful to Rebecca for her\nleadership as Chief People Officer, and we look forward to her continued\nimpact as Senior Vice President of Human Resources as we build out our global\nteam.”\n\nDeakin brings extensive experience leading people and organizational strategy\nthrough periods of growth and transformation. Prior to joining Xanadu, she\nserved as Chief People Officer and Executive Vice President at Spin Master,\nwhere she had global responsibility for people strategy, corporate\ncommunications, real estate and workplace experience. During her tenure,\nhelped guide the organization as it expanded globally, entered new product\ncategories through organic growth and acquisition, and became increasingly\ncomplex — building on the strengths that drove its success while evolving\nits leadership, organization and ways of working for its next stage.\n\nOver the course of her career, Deakin has held executive leadership roles\nspanning human resources, operations, talent and enterprise strategy at Spin\nMaster, TD Bank Group, Citi and Rogers Communications. She also serves as an\nindependent director and Chair of the Human Resources Committee of goeasy Ltd.\n\n“Xanadu is building something truly extraordinary, and I’m excited to join\nat such an important point in the company’s evolution,” said Tara Deakin.\n“I look forward to partnering with Christian, Rebecca, and the broader team\nto build the organizational and leadership capabilities that will support\nXanadu’s next stage of growth and advance the company’s mission to build\nquantum computers that are useful and available to people everywhere.”\n\nEarly Warning Reporting\n\nThe following information is being provided by Dr. Weedbrook in connection\nwith the early warning requirements under applicable Canadian securities laws.\nOn September 22, 2026, Dr. Weedbrook disposed of an aggregate of 4,600,000\nClass B Subordinate Voting Shares of Xanadu (“Class B Subordinate Voting\nShares”) through sales on the Toronto Stock Exchange (the “TSX”) and\nother published markets (the “Sale”). In connection with the Sale, Dr.\nWeedbrook converted an aggregate 4,600,000 Class A Multiple Voting Shares of\nXanadu (“Class A Multiple Voting Shares”, together with the Class B\nSubordinate Voting Shares, the “Company Shares”) into Class B Subordinate\nVoting Shares on a one-for-one basis (the “Conversion”).\n\nPrior to the Conversion and Sale, Dr. Weedbrook held 46,432,704 Class A\nMultiple Voting Shares and 8,906 Class B Subordinate Voting Shares,\nrepresenting approximately 19.5% of total issued and outstanding Class A\nMultiple Voting Shares, less than 1% of total issued and outstanding Class B\nSubordinate Voting Shares, approximately 15.24% of the total issued and\noutstanding Company Shares and approximately 18.97% of total voting power\nattached to the Company Shares. The Class A Multiple Voting Shares converted\nrepresented approximately 2.98% of total issued and outstanding Class A\nMultiple Voting Shares and the Class B Subordinate Voting Shares sold pursuant\nto the Sale represented approximately 3.05% of total issued and outstanding\nClass B Subordinate Voting Shares. Following the Conversion and Sale, Dr.\nWeedbrook held 41,832,704 Class A Multiple Voting Shares and 18,593 Class B\nSubordinate Voting Shares, representing approximately 27.6% of total issued\nand outstanding Class A Multiple Voting Shares, less than 1% of total issued\nand outstanding Class B Subordinate Voting Shares, approximately 13.71% of the\ntotal issued and outstanding Company Shares and approximately 25.06% of total\nvoting power attached to the Company Shares. If all of the Class A Multiple\nVoting Shares held by Dr. Weedbrook were converted into Class B Subordinate\nVoting Shares in accordance with their terms, Dr. Weedbrook would hold\n41,851,297 Class B Subordinate Voting Shares, representing approximately\n21.70% of Class B Subordinate Voting Shares then issued and outstanding and\napproximately 3.18% of total voting power attached to the Company Shares.\n\nThe securities were sold through the facilities of the TSX and other published\nmarkets. A total of 4,041,659 shares were sold in Canada at prices ranging\nfrom C$7.00 to C$9.25. A total of 558,341 shares were sold in the U.S. at\nprices ranging from US$5.01 to US$7.27 (C$7.024521 to C$10.193267 based on the\nUSD:CAD Bank of Canada exchange rate on September 21, 2026). Aggregate gross\nproceeds of approximately C$32,831,120.00. The shares were sold by Dr.\nWeedbrook pursuant to the Sale for personal financial planning purposes.\n\nAs an executive officer of Xanadu and member of the board of the directors of\nXanadu, Dr. Weedbrook is actively involved in Xanadu’s business, operations\nand planning. Except as disclosed herein, Dr. Weedbrook does not have any\npresent plans or proposals which relate to or that would result in any of the\nactions or transactions described in paragraphs (a) through (k) of Item 5 of\nForm 62-103F1 to National Instrument 62-103 - The Early Warning System and\nRelated Take-Over Bid and Insider Reporting Issues. Dr. Weedbrook may,\nhowever, increase or decrease his registered or beneficial ownership of, or\ncontrol over, the Class A Multiple Voting Shares, Class B Subordinate Voting\nShares or other securities of Xanadu, directly or indirectly, in the future,\nin the open market, in privately-negotiated purchases, through the conversion\nof Class A Multiple Voting Shares into Class B Subordinate Voting Shares or\notherwise, depending on, among other things, Xanadu’s business and\nprospects, market and general economic conditions and other available\ninvestment opportunities, subject to applicable laws and the terms of the\nXanadu’s Articles of Incorporation (as amended), Investor and Registration\nRights Agreement and Coattail Agreement, each as described in Xanadu’s\nAnnual Information Form dated March 31, 2026.\n\nThe head office of Xanadu and the address for Dr. Weedbrook are 777 Bay\nStreet, Suite 2400, Toronto, Ontario, Canada, M5G 2C8. For further information\n(including a copy of the early warning reports to be filed with securities\nregulators in connection with this press release), please see Xanadu’s\nprofile on SEDAR+ at www.sedarplus.ca or telephone Natalie Wilmore at\n416-304-9629.\n\nAbout Xanadu\n\nFounded in 2016, Xanadu is a Canadian photonic quantum computing company with\nthe mission to build quantum computers that are useful and available to people\neverywhere. Xanadu is building fault-tolerant quantum computers using light,\nwith systems designed to compute at room temperature. Xanadu develops both\nhardware and software, including PennyLane, its open-source quantum computing\nplatform. Xanadu is the first pure-play photonic quantum computing company to\nlist on public markets (Nasdaq/TSX: XNDU) and is recognized globally for its\nbreakthroughs in scalable quantum technologies. Visit xanadu.ai or follow on X\n@XanaduAI.\n\nContacts\n\nPress Contact: press@xanadu.ai \n\nInvestor Relations: investors@xanadu.ai \n\nForward-Looking Statements\n\nThis communication includes \"forward-looking statements\" within the meaning of\nthe U.S. federal securities laws and \"forward-looking information\" within the\nmeaning of applicable Canadian securities laws (collectively, \"forward-looking\nstatements\"). Forward-looking statements may be identified by the use of words\nsuch as \"estimate,\" \"plan,\" \"project,\" \"forecast,\" \"intend,\" \"will,\" \"expect,\"\n\"anticipate,\" \"believe,\" \"seek,\" \"target,\" \"continue,\" \"could,\" \"may,\"\n\"might,\" \"possible,\" \"potential,\" \"predict\" or similar expressions that\npredict or indicate future events or trends or that are not statements of\nhistorical matters. We have based these forward-looking statements on current\nexpectations and projections about future events. These statements include:\nthe executive appointment of Tara Deakin as Chief People Officer and the role\ntransition of Rebecca Laramée to Senior Vice President of Human Resources;\nthe expected impacts of such leadership appointments on Xanadu's enterprise\ntransformation, leadership effectiveness, organizational scaling, high-growth\nworkforce initiatives, high-performance culture, and talent pipeline;\ninformation regarding Dr. Weedbrook’s securityholdings and related\nintentions; the expected advancement of Xanadu’s vision to build a\nutility-scale, fault-tolerant quantum computer; and Xanadu’s mission to\nbuild quantum computers that are useful and available to people everywhere.\n\nThese forward-looking statements are provided for illustrative purposes only\nand are not intended to serve as, and must not be relied on as, a guarantee,\nan assurance, a prediction or a definitive statement of fact or probability.\nActual events and circumstances are difficult or impossible to predict and\nwill differ from assumptions, many of which are beyond the control of Xanadu.\nThese forward-looking statements are subject to known and unknown risks,\nuncertainties and assumptions that may cause the actual results of Xanadu,\nlevels of activity, performance or achievements to be materially different\nfrom any future results, levels of activity, performance or achievements\nexpressed or implied by such statements. Such risks and uncertainties include:\nthe risk that executive transitions may cause operational disruptions or fail\nto achieve intended organizational objectives; Xanadu's ability to\nsuccessfully integrate new executive leadership and retain key personnel\nduring transitions; challenges in scaling workforce initiatives and talent\npipelines to support accelerated growth; that Xanadu is pursuing an emerging\ntechnology, faces significant technical challenges and may not achieve\ncommercialization or market acceptance; Xanadu's historical net losses and\nlimited operating history; that there is substantial doubt about Xanadu's\nability to continue as a going concern; Xanadu's expectations regarding future\nfinancial performance, capital requirements and unit economics; Xanadu's use\nand reporting of business and operational metrics; Xanadu's competitive\nlandscape; Xanadu's dependence on members of its senior management and its\nability to attract and retain qualified personnel; the potential need for\nadditional future financing; Xanadu's ability to manage growth and expand its\noperations; potential future acquisitions or investments in companies,\nproducts, services or technologies; Xanadu's reliance on strategic partners\nand other third parties; Xanadu's concentration of revenue in contracts with\ngovernment or state-funded entities; Xanadu's ability to maintain, protect and\ndefend its intellectual property rights; risks associated with privacy, data\nprotection or cybersecurity incidents and related regulations; the use, rate\nof adoption, and regulation of artificial intelligence and machine learning;\nuncertainty or changes with respect to laws and regulations; uncertainty or\nchanges with respect to taxes, trade conditions and the macroeconomic\nenvironment; material weaknesses in Xanadu's internal control over financial\nreporting and its ability to maintain internal control over financial\nreporting and operate as a public company; the outcome of any legal\nproceedings or government investigations that may be commenced against Xanadu;\nXanadu’s ability to issue equity or equity-linked securities in the future;\nand other factors described in Xanadu's filings with the SEC (www.sec.gov) and\nthe Canadian Securities Administrators (www.sedarplus.com). These\nforward-looking statements are based on certain assumptions, including that\nnone of the risks identified above materialize; that there are no unforeseen\nchanges to economic and market conditions, and that no significant events\noccur outside the ordinary course of business. Additional information\nconcerning these and other factors that may impact such forward-looking\nstatements can be found in filings and potential filings by Xanadu with the\nSEC and the Canadian Securities Administrators, including under the heading\n\"Risk Factors.\" If any of these risks materialize or assumptions prove\nincorrect, actual results could differ materially from the results implied by\nthese forward-looking statements. In addition, these statements reflect the\nexpectations, plans and forecasts of Xanadu's management as of the date of\nthis communication; subsequent events and developments may cause their\nassessments to change. While Xanadu may elect to update these forward-looking\nstatements at some point in the future, they specifically disclaim any\nobligation to do so, unless required by applicable securities laws.\nAccordingly, undue reliance should not be placed upon these statements.\n\nIn addition, statements that \"we believe\" and similar statements reflect our\nbeliefs and opinions on the relevant subject. These statements are based upon\ninformation available to us as of the date of this communication, and while we\nbelieve such information forms a reasonable basis for such statements, such\ninformation may be limited or incomplete, and our statements should not be\nread to indicate that we have conducted an exhaustive inquiry into, or review\nof, all potentially available relevant information. These statements are\ninherently uncertain and investors are cautioned not to unduly rely upon these\nstatements.\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-22T21:01:00.182646539Z","server_sent_at_ms":1790110860182},"received_at":"2026-09-22T21:01:00.344Z","source_url":null},"analysis":{"id":"139065","press_release_id":"150263","analysis_json":{"industry":{"label":"Software","sector":"Information Technology"},"redFlags":["Founder/CEO sold ~C$32.8M of stock, reducing economic stake from 15.24% to 13.71%","risk-factor disclosure: substantial doubt about ability to continue as a going concern","risk-factor disclosure: material weaknesses in internal control over financial reporting","risk-factor disclosure: revenue concentration in government/state-funded contracts"],"eventType":"executive_change","narrative":"Xanadu appointed Tara Deakin as Chief People Officer to lead its scaling and organizational growth; former CPO Rebecca Laramée transitions to SVP of Human Resources.\n\nDeakin previously served as Chief People Officer at Spin Master and held executive roles at TD Bank Group, Citi, and Rogers Communications.\n\nSeparately, CEO Dr. Christian Weedbrook disclosed the sale of 4,600,000 Class B Subordinate Voting Shares for aggregate gross proceeds of approximately C$32.8 million, cutting his economic stake from ~15.24% to ~13.71% of Company Shares while retaining ~25.06% of voting power.\n\nThe release cites the sale as for personal financial planning purposes; risk-factor boilerplate also discloses historical net losses, substantial doubt about going concern, and material weaknesses in internal controls.","sentiment":"mixed","agentHooks":{"shouldPost":true,"suggestedAngle":"New CPO hire is routine, but the CEO's ~C$32.8M insider sale and going-concern language buried in boilerplate warrant attention."},"keyFigures":{"customDimensions":{"insider_shares_sold":4600000,"voting_power_after_pct":"25.06%","us_sale_price_range_usd":"US$5.01-US$7.27","canada_sale_price_range_cad":"C$7.00-C$9.25","stake_after_company_shares_pct":"13.71%","insider_sale_gross_proceeds_cad":32831120,"stake_before_company_shares_pct":"15.24%"}},"quotedText":"The shares were sold by Dr. Weedbrook pursuant to the Sale for personal financial planning purposes.","namedEntities":{"people":[{"name":"Tara Deakin","role":"Chief People Officer (incoming)"},{"name":"Rebecca Laramée","role":"outgoing Chief People Officer, becomes SVP Human Resources"},{"name":"Dr. Christian Weedbrook","role":"Founder and CEO"},{"name":"Natalie Wilmore","role":"media contact"}],"products":["PennyLane"],"companies":[{"name":"Xanadu Quantum Technologies Limited","ticker":"XNDU","relationship":"filer"},{"name":"Spin Master","relationship":"Deakin's prior employer"},{"name":"TD Bank Group","relationship":"Deakin's prior employer"},{"name":"Citi","relationship":"Deakin's prior employer"},{"name":"Rogers Communications","relationship":"Deakin's prior employer"},{"name":"goeasy Ltd.","relationship":"Deakin serves as independent director"}],"dollarAmounts":[{"amount":"C$32,831,120.00","context":"aggregate gross proceeds from Dr. Weedbrook's share sale"}]},"materialImpact":{"score":2,"reasoning":"Chief People Officer appointment is a routine executive-team addition, but the release also discloses a material insider sale: CEO Dr. Weedbrook disposed of 4.6 million shares (~C$32.8M gross), reducing his economic stake from ~15.24% to ~13.71%."},"tickerRelevance":{"others":[],"primary":"XNDU"},"globalImportance":22,"audienceRelevance":20,"eventTypeSecondary":["insider_transaction"],"importanceComponents":{"tickerTier":"small-cap recent IPO","eventGravity":"routine executive appointment plus material insider sale","insiderSaleSize":"~C$32.8M, meaningful but framed as personal financial planning","goingConcernDisclosure":true}},"event_type":"executive_change","event_type_secondary":["insider_transaction"],"sentiment":"mixed","material_impact_score":2,"narrative":"Xanadu appointed Tara Deakin as Chief People Officer to lead its scaling and organizational growth; former CPO Rebecca Laramée transitions to SVP of Human Resources.\n\nDeakin previously served as Chief People Officer at Spin Master and held executive roles at TD Bank Group, Citi, and Rogers Communications.\n\nSeparately, CEO Dr. Christian Weedbrook disclosed the sale of 4,600,000 Class B Subordinate Voting Shares for aggregate gross proceeds of approximately C$32.8 million, cutting his economic stake from ~15.24% to ~13.71% of Company Shares while retaining ~25.06% of voting power.\n\nThe release cites the sale as for personal financial planning purposes; risk-factor boilerplate also discloses historical net losses, substantial doubt about going concern, and material weaknesses in internal controls.","key_figures":{"customDimensions":{"insider_shares_sold":4600000,"voting_power_after_pct":"25.06%","us_sale_price_range_usd":"US$5.01-US$7.27","canada_sale_price_range_cad":"C$7.00-C$9.25","stake_after_company_shares_pct":"13.71%","insider_sale_gross_proceeds_cad":32831120,"stake_before_company_shares_pct":"15.24%"}},"named_entities":{"people":[{"name":"Tara Deakin","role":"Chief People Officer (incoming)"},{"name":"Rebecca Laramée","role":"outgoing Chief People Officer, becomes SVP Human Resources"},{"name":"Dr. Christian Weedbrook","role":"Founder and CEO"},{"name":"Natalie Wilmore","role":"media contact"}],"products":["PennyLane"],"companies":[{"name":"Xanadu Quantum Technologies Limited","ticker":"XNDU","relationship":"filer"},{"name":"Spin Master","relationship":"Deakin's prior employer"},{"name":"TD Bank Group","relationship":"Deakin's prior employer"},{"name":"Citi","relationship":"Deakin's prior employer"},{"name":"Rogers Communications","relationship":"Deakin's prior employer"},{"name":"goeasy Ltd.","relationship":"Deakin serves as independent director"}],"dollarAmounts":[{"amount":"C$32,831,120.00","context":"aggregate gross proceeds from Dr. Weedbrook's share sale"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-22T21:01:07.557Z","global_importance":22,"audience_relevance":20,"importance_components":{"tickerTier":"small-cap recent IPO","eventGravity":"routine executive appointment plus material insider sale","insiderSaleSize":"~C$32.8M, meaningful but framed as personal financial planning","goingConcernDisclosure":true}},"durationMs":7203,"modelName":"glm-5.3-flashx"}}