Xanadu Quantum Technologies is trading 4.1% up today at $10.40, rebounding from a multi-day slide triggered by a large SPAC-related resale registration overhang.
- The recent selloff followed the registration of approximately 293.6 million Class B shares for resale, which pressured the stock on concerns of excess supply.
- Today's bounce coincides with broader gains across U.S. indices and bargain-hunting by investors following the sharp decline.