🔴 Xanadu Quantum Technologies is trading 12% down in pre-market after September 22, 2026 lockup expiration

Xanadu Quantum Technologies is trading 11.53% down at $6.52 after the September 22, 2026 lockup expiration made shares held by most early investors freely saleable.

• The unlock affects the vast majority of the company’s stock, potentially increasing near-term selling pressure and volatility.
• The decline follows several weaker sessions despite announcements involving ASML, AMD, and Canadian government funding.
• Broader markets were mixed on September 22, making the lockup event the clearest explanation.