Xanadu issues forward-looking statement on quantum algorithm for chemistry

Xanadu issued forward-looking statements about its work on a quantum algorithm for chemistry and a proposed transaction with Crane Harbor, while listing many risks and uncertainties including technical, financial and regulatory factors.

Xanadu has issued forward-looking statements concerning its quantum algorithm work and a proposed transaction with Crane Harbor. The company describes these statements as illustrative and not guarantees, and it warns that actual events may differ from assumptions. The filing lists a broad set of known and unknown risks tied to technology, finances, operations and regulation. The document points readers to SEC filings for additional information about those risks and assumptions. Noted details: - The statements are presented for illustrative purposes and are not intended as guarantees, predictions or definitive statements of fact. - The filing identifies risks including that quantum computing faces substantial technical challenges and may not achieve commercialization or market acceptance. - It notes Xanadu's historical net losses, limited operating history, and that there is substantial doubt about its ability to continue as a going concern. - The document lists potential needs for additional financing, dependence on key personnel, reliance on partners, and revenue concentration in government or state-funded contracts. - Legal, regulatory and cybersecurity risks are cited, along with the possibility of shareholder redemptions or delays/lack of approvals for the proposed transaction. Summary: The filing frames the company's statements about its quantum algorithm and related plans as projections that could differ materially from future results. It connects those statements to a proposed business combination with Crane Harbor and directs attention to SEC filings for further details. Undetermined at this time.