# EDGAR Filing Document

**Accession Number:** 0001728358
**File Stem:** 0001193125-26-148240
**Filing Date:** 2026-4
**Character Count:** 32775
**Document Hash:** 586d911ebbeba1a4cb1b93932a683d7b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-148240.hdr.sgml**: 20260408

**ACCESSION NUMBER**: 0001193125-26-148240

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260408

**DATE AS OF CHANGE**: 20260408

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Xanadu Quantum Technologies Ltd
- **CENTRAL INDEX KEY:** 0002097163
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRONIC COMPUTERS [3571]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-95592
- **FILM NUMBER:** 26849278

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 777 BAY STREET, SUITE 2400
- **CITY:** TORONTO
- **PROVINCE COUNTRY:** A6
- **ZIP:** M5G 2C8
- **BUSINESS PHONE:** 416.304.9629

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 777 BAY STREET, SUITE 2400
- **CITY:** TORONTO
- **PROVINCE COUNTRY:** A6
- **ZIP:** M5G 2C8
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Georgian Partners Growth Fund (International) IV, LP
- **CENTRAL INDEX KEY:** 0001728358

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D

**BUSINESS ADDRESS:**
- **STREET 1:** 2 ST. CLAIR AVE WEST, SUITE 1400
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M4V 1L5
- **BUSINESS PHONE:** 4168689696

**MAIL ADDRESS:**
- **STREET 1:** 2 ST. CLAIR AVE WEST, SUITE 1400
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M4V 1L5

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### 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)*

**—**

*(CUSIP Number)*

**John Berton**<br>2 St. Clair Ave West<br>Suite 1400<br>Toronto A6 M4V 1L5<br>416-868-9696

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**03/26/2026**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Georgian Partners Growth Fund (International) IV, LP** | Name of reporting person<br>**Georgian Partners Growth Fund (International) IV, LP** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**ONTARIO** | Citizenship or place of organization<br>**ONTARIO** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**18232117.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**18232117.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**18232117.00** | Aggregate amount beneficially owned by each reporting person<br>**18232117.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**29.7%** | Percent of class represented by amount in Row (11)<br>**29.7%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

**Comment for Reporting Person:** The shares reported on this cover page are held of record by Georgian International IV (as defined in Item 2(a) below) and consist of (i) 129,108 shares of Class B Subordinate Voting Shares ("Class B Shares") and (ii) 18,103,009 Class B Shares issuable upon conversion of Class A Multiple Voting Shares ("Class A Shares"). Georgian IV Ultimate GP (as defined in Item 2(a) below) is the sole general partner of Georgian IV Direct GP (as defined in Item 2(a) below), which is the sole general partner of Georgian International IV. Each of Georgian IV Ultimate GP and Georgian IV Direct GP may be deemed to have voting, investment, and dispositive power with respect to these securities. Georgian Partners (as defined in Item 2(a) below) is the manager of Georgian International IV and makes all investment decisions with respect to the shares held by Georgian International IV and may be deemed to have shared voting, investment and dispositive power with respect to these securities.

The percentage in Row 13 is based on 61,387,445 Class B Shares, which consists of (i) 43,284,436 Class B Shares outstanding as of March 26, 2026, as reported by the Issuer in its Form 20-F, filed with the Securities and Exchange Commission on April 1, 2026 (the "Form 20-F") plus (ii) 18,103,009 Class B Shares issuable upon conversion of Class A Shares held by Georgian International IV.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Georgian Partners Growth Fund IV, LP** | Name of reporting person<br>**Georgian Partners Growth Fund IV, LP** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**ONTARIO** | Citizenship or place of organization<br>**ONTARIO** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**10010982.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**10010982.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**10010982.00** | Aggregate amount beneficially owned by each reporting person<br>**10010982.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**18.8%** | Percent of class represented by amount in Row (11)<br>**18.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

**Comment for Reporting Person:** The shares reported on this cover page are held of record by Georgian IV (as defined in Item 2(a) below) and consist of (i) 70,892 Class B Shares and (ii) 9,940,090 Class B Shares issuable upon conversion of Class A Shares. Georgian IV Ultimate GP is the sole general partner of Georgian IV Direct GP, which is the sole general partner of Georgian IV. Each of Georgian IV Ultimate GP and Georgian IV Direct GP may be deemed to have voting, investment, and dispositive power with respect to these securities. Georgian Partners is the manager of Georgian IV and makes all investment decisions with respect to the shares held by Georgian IV and may be deemed to have shared voting, investment and dispositive power with respect to these securities.

The percentage in Row 13 is based on 53,224,526 Class B Shares, which consists of (i) 43,284,436 Class B Shares outstanding as of March 26, 2026, as reported by the Issuer in the Form 20-F plus (ii) 9,940,090 Class B Shares issuable upon conversion of Class A Shares held by Georgian IV.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Georgian Partners IV GP, LP** | Name of reporting person<br>**Georgian Partners IV GP, LP** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**ONTARIO** | Citizenship or place of organization<br>**ONTARIO** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**28243099.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**28243099.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**28243099.00** | Aggregate amount beneficially owned by each reporting person<br>**28243099.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**39.6%** | Percent of class represented by amount in Row (11)<br>**39.6%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

**Comment for Reporting Person:** The shares reported on this cover page consist of (i) 129,108 Class B Shares held of record by Georgian International IV, plus (ii) 18,103,009 Class B Shares issuable upon conversion of Class A Shares held of record by Georgian International IV, plus (iii) 70,892 Class B Shares held of record by Georgian IV, plus (iv) 9,940,090 Class B Shares issuable upon conversion of Class A Shares held of record by Georgian IV. Georgian IV Ultimate GP is the sole general partner of Georgian IV Direct GP, which is the sole general partner of each of Georgian International IV and Georgian IV. Each of Georgian IV Ultimate GP and Georgian IV Direct GP may be deemed to have voting, investment, and dispositive power with respect to the respective securities held by each of Georgian International IV and Georgian IV. Georgian Partners is the manager of Georgian International IV and Georgian IV and makes all investment decisions with respect to the shares held by each of Georgian International IV and Georgian IV and may be deemed to have shared voting, investment and dispositive power with respect to the securities held by each of Georgian International IV and Georgian IV, respectively.

The percentage in Row 13 is based on 71,327,535 Class B Shares, which consists of (i) 43,284,436 Class B Shares outstanding as of March 26, 2026, as reported by the Issuer in the Form 20-F, plus (ii) 18,103,009 Class B Shares issuable upon conversion of Class A Shares held by Georgian International IV, plus (iii) 9,940,090 Class B Shares issuable upon conversion of Class A Shares held by Georgian IV.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Georgian Partners IV GP Inc.** | Name of reporting person<br>**Georgian Partners IV GP Inc.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**ONTARIO** | Citizenship or place of organization<br>**ONTARIO** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**28243099.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**28243099.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**28243099.00** | Aggregate amount beneficially owned by each reporting person<br>**28243099.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**39.6%** | Percent of class represented by amount in Row (11)<br>**39.6%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** The shares reported on this cover page consist of (i) 129,108 Class B Shares held of record by Georgian International IV, plus (ii) 18,103,009 Class B Shares issuable upon conversion of Class A Shares held of record by Georgian International IV, plus (iii) 70,892 Class B Shares held of record by Georgian IV, plus (iv) 9,940,090 Class B Shares issuable upon conversion of Class A Shares held of record by Georgian IV. Georgian IV Ultimate GP is the sole general partner of Georgian IV Direct GP, which is the sole general partner of each of Georgian International IV and Georgian IV. Each of Georgian IV Ultimate GP and Georgian IV Direct GP may be deemed to have voting, investment, and dispositive power with respect to the respective securities held by each of Georgian International IV and Georgian IV. Georgian Partners is the manager of each of Georgian International IV and Georgian IV and makes all investment decisions with respect to the shares held by each of Georgian International IV and Georgian IV and may be deemed to have shared voting, investment and dispositive power with respect to the securities held by each of Georgian International IV and Georgian IV, respectively.

The percentage in Row 13 is based on 71,327,535 Class B Shares, which consists of (i) 43,284,436 Class B Shares outstanding as of March 26, 2026, as reported by the Issuer in the Form 20-F, plus (ii) 18,103,009 Class B Shares issuable upon conversion of Class A Shares held by Georgian International IV, plus (iii) 9,940,090 Class B Shares issuable upon conversion of Class A Shares held by Georgian IV.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Georgian Fund IV X Invest L.P.** | Name of reporting person<br>**Georgian Fund IV X Invest L.P.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**ONTARIO** | Citizenship or place of organization<br>**ONTARIO** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**1471055.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**1471055.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**1471055.00** | Aggregate amount beneficially owned by each reporting person<br>**1471055.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**3.3%** | Percent of class represented by amount in Row (11)<br>**3.3%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

**Comment for Reporting Person:** The shares reported on this cover page are held by Georgian X Invest (as defined in Item 2(a) below) and consist of 1,471,055 Class B Shares issuable upon conversion of Class A Shares. Georgian X Invest GP (as defined in Item 2(a) below) is the sole general partner of Georgian X Invest and may be deemed to have voting, investment, and dispositive power with respect to these securities. Georgian Partners is the manager of Georgian X Invest and makes all investment decisions with respect to the shares held by Georgian X Invest and may be deemed to have shared voting, investment and dispositive power with respect to these securities.

The percentage in Row 13 is based on 44,755,491 Class B Shares, which consists of (i) 43,284,436 Class B Shares outstanding as of March 26, 2026, as reported by the Issuer in the Form 20-F plus (ii) 1,471,055 Class B Shares issuable upon conversion of Class A Shares held by Georgian X Invest.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Georgian Partners Investment GP Inc.** | Name of reporting person<br>**Georgian Partners Investment GP Inc.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**ONTARIO** | Citizenship or place of organization<br>**ONTARIO** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**1471055.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**1471055.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**1471055.00** | Aggregate amount beneficially owned by each reporting person<br>**1471055.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**3.3%** | Percent of class represented by amount in Row (11)<br>**3.3%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** The shares reported on this cover page are held by Georgian X Invest and consist of 1,471,055 Class B Shares issuable upon conversion of Class A Shares. Georgian X Invest GP is the sole general partner of Georgian X Invest and may be deemed to have voting, investment, and dispositive power with respect to these securities. Georgian Partners is the manager of Georgian X Invest and makes all investment decisions with respect to the shares held by Georgian X Invest and may be deemed to have shared voting, investment and dispositive power with respect to these securities.

The percentage in Row 13 is based on 44,755,491 Class B Shares, which consists of (i) 43,284,436 Class B Shares outstanding as of March 26, 2026, as reported by the Issuer in the Form 20-F plus (ii) 1,471,055 Class B Shares issuable upon conversion of Class A Shares held by Georgian X Invest.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Georgian Partners Growth LP** | Name of reporting person<br>**Georgian Partners Growth LP** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**ONTARIO** | Citizenship or place of organization<br>**ONTARIO** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**29714154.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**29714154.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**29714154.00** | Aggregate amount beneficially owned by each reporting person<br>**29714154.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**40.8%** | Percent of class represented by amount in Row (11)<br>**40.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

**Comment for Reporting Person:** The shares reported on this cover page consist of (i) 129,108 Class B Shares held of record by Georgian International IV, plus (ii) 18,103,009 Class B Shares issuable upon conversion of Class A Shares held of record by Georgian International IV, plus (iii) 70,892 Class B Shares held of record by Georgian IV, plus (iv) 9,940,090 Class B Shares issuable upon conversion of Class A Shares held of record by Georgian IV, plus (v) 1,471,055 Class B shares issuable upon conversion of Class A shares held of record by Georgian X Invest. Georgian IV Ultimate GP is the sole general partner of Georgian IV Direct GP, which is the sole general partner of each of Georgian International IV and Georgian IV. Each of Georgian IV Ultimate GP and Georgian IV Direct GP may be deemed to have voting, investment, and dispositive power with respect to the securities held by each of Georgian International IV and Georgian IV, respectively. Georgian X Invest GP is the sole general partner of Georgian X Invest and may be deemed to have voting, investment, and dispositive power with respect to the securities held by Georgian X Invest. Georgian Partners is the manager of Georgian International IV, Georgian IV and Georgian X Invest and makes all investment decisions with respect to the shares held by each of Georgian International IV, Georgian IV and Georgian X Invest and may be deemed to have shared voting, investment and dispositive power with respect to these securities.

The percentage in Row 13 is based on 72,798,590 Class B Shares, which consists of (i) 43,284,436 Class B Shares outstanding as of March 26, 2026, as reported by the Issuer in the Form 20-F, plus (ii) 18,103,009 Class B Shares issuable upon conversion of Class A Shares held by Georgian International IV, plus (iii) 9,940,090 Class B Shares issuable upon conversion of Class A Shares held by Georgian IV, plus (iv) 1,471,055 Class B shares issuable upon conversion of Class A Shares held by Georgian X Invest.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Class B Subordinate Voting Shares, without par value

**(b) Name of Issuer:**
Xanadu Quantum Technologies Limited

**(c) Address of Issuer's Principal Executive Offices:**
777 Bay Street, Suite 2400, Toronto, A6, M5G 2C8

This joint statement on Schedule 13D (this "Statement") is filed with respect to the Class B Subordinate Voting Shares, without par value, of Xanadu Quantum Technologies Limited (the "Issuer"). Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable.

**Item 4. Purpose of Transaction**

The information set forth in Item 3 of this Statement is incorporated herein by reference. The Reporting Persons hold the securities of the Issuer for general investment purposes. The Reporting Persons may, from time to time, depending on prevailing market, economic and other conditions, acquire additional shares of Class B Subordinate Voting Shares or other securities of the Issuer, dispose of any such securities, or engage in discussions with the Issuer concerning such acquisitions or dispositions or further investments in the Issuer. The Reporting Persons intend to review their investment in the Issuer on a continuing basis and, depending upon the price and availability of shares of Class B Subordinate Voting Shares or other securities of the Issuer, subsequent developments affecting the Issuer, the Issuer's business and prospects, other investment and business opportunities available to the Reporting Persons, general stock market and economic conditions, tax considerations and other factors considered relevant, may decide at any time to increase or to decrease the size of their investment in the Issuer in the open market, in privately negotiated transactions, pursuant to 10b5-1 trading plans or otherwise.

Except as set forth above, the Reporting Persons have no present plans or intentions which would result in or relate to any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.

**Item 5. Interest in Securities of the Issuer**

**(a)**
See Items 7-11 and 13 of the cover pages of this Statement for each Reporting Person and Item 2 above.

**(b)**
See Items 7-11 and 13 of the cover pages of this Statement for each Reporting Person and Item 2 above.

**(c)**
Except as reported in this Statement, none of the Reporting Persons has effected any transactions in the Issuer's securities within the past 60 days.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

The information set forth in Items 3 and 4 of this Statement is incorporated herein by reference.

The Georgian Funds (a) as former holders of Old Xanadu common shares and preferred shares, remain subject to the terms and conditions of (i) a right of first refusal and co-sale agreement with Old Xanadu, and (ii) an investor and registration rights agreement with Old Xanadu, and (b) have entered into a new investor and registration rights agreement (the "Rights Agreement") with Xanadu, among others. Pursuant to these agreements and the terms of the Business Combination, the Georgian Funds remain subject to customary provisions that restrict the Georgian Funds' ability to lend, offer, pledge, sell, transfer or otherwise dispose of the securities acquired in connection with the Business Combination for a period of up to 180 days following the closing date of the Business Combination, subject to customary exceptions and any earlier waiver or termination in accordance with their terms.

The Georgian Funds also entered into a coattail agreement (the "Coattail Agreement") with Xanadu and Computershare Trust Company of Canada, among others, as required by the rules of the TSX, containing customary provisions for dual-class, TSX-listed corporations, designed to ensure that in the event of a take-over bid, holders of the Company's Class B Subordinate Voting Shares participate on an equal footing with holders of Class A Multiple Voting Shares.

The foregoing descriptions of the Rights Agreement and the Coattail Agreement do not purport to be complete and are qualified in their entirety by reference to the Rights Agreement and form of Coattail Agreement, copies of which are filed as Exhibits 2 and 3 hereto and incorporated by reference herein.

### 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.

**Reporting Person:** Georgian Partners Growth Fund (International) IV, LP

**Signature:** /s/ John Berton

**Name/Title:** John Berton, Managing Director of Georgian Partners IV GP Inc., the general partner of the GP of Georgian Partners Growth Fund (International) IV, LP

**Date:** 04/08/2026

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.

**Reporting Person:** Georgian Partners Growth Fund IV, LP

**Signature:** /s/ John Berton

**Name/Title:** John Berton, Managing Director of Georgian Partners IV GP Inc., the general partner of the general partner of Georgian Partners Growth Fund IV, LP

**Date:** 04/08/2026

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.

**Reporting Person:** Georgian Partners IV GP, LP

**Signature:** /s/ John Berton

**Name/Title:** John Berton, Managing Director of Georgian Partners IV GP Inc., the general partner of Georgian Partners IV GP, LP

**Date:** 04/08/2026

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.

**Reporting Person:** Georgian Partners IV GP Inc.

**Signature:** /s/ John Berton

**Name/Title:** John Berton, Managing Director

**Date:** 04/08/2026

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.

**Reporting Person:** Georgian Fund IV X Invest L.P.

**Signature:** /s/ John Berton

**Name/Title:** John Berton, Managing Director of Georgian Partners IV GP Inc., the general partner of Georgian Fund IV X Invest, L.P.

**Date:** 04/08/2026

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.

**Reporting Person:** Georgian Partners Investment GP Inc.

**Signature:** /s/ John Berton

**Name/Title:** John Berton, Managing Director

**Date:** 04/08/2026

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.

**Reporting Person:** Georgian Partners Growth LP

**Signature:** /s/ John Berton

**Name/Title:** John Berton, Managing Director

**Date:** 04/08/2026