OMERS Administration Corporation filed an amended Schedule 13G on November 13, 2026, disclosing its beneficial ownership of Class B Subordinate Voting Shares of Xanadu Quantum Technologies Limited following a series of share sales and a share class conversion completed by September 30, 2026.

Key Highlights

  • Current stake: OMERS Administration Corporation reported beneficial ownership of 36,613,907 Class B Subordinate Voting Shares, representing 18.7% of the class.
  • July sales: Between July 27, 2026 and July 29, 2026, the reporting person sold 500,000 Class B Subordinate Voting Shares.
  • Conversion and further sales: On September 11, 2026, the reporting person converted 39,746,515 Class A Multiple Voting Shares into Class B Subordinate Voting Shares on a share-for-share basis, then sold an aggregate of 3,132,608 of those shares between September 22 and September 23, 2026.
  • No MVS held: As of the filing date, the reporting person held no Class A Multiple Voting Shares.
  • Voting and dispositive power: The reporting person holds sole voting power and sole dispositive power over all 36,613,907 shares, with zero shared voting or dispositive power.
  • Subsidiary breakdown: OMERS Ventures III, LP owns 33,751,868 shares and OMERS Ventures LP owns 2,862,039 shares; OMERS Administration Corporation exercises control or direction over both funds.
  • Share count basis: The 18.7% figure is based on 195,786,645 Class B Subordinate Voting Shares outstanding as of September 30, 2026, as reported by the issuer in a press release dated November 11, 2026.

OMERS Administration Corporation Reduces Xanadu Quantum Position Through Conversion and Sales

According to the amended Schedule 13G filed with the SEC, OMERS Administration Corporation, an Ontario, Canada-based entity classified as type "EP" under SEC rules, reduced its position in Xanadu Quantum Technologies Limited through a combination of outright share sales and a conversion of a higher-vote share class. The filing covers events with a triggering date of September 30, 2026, and was signed by Josh Bezonsky, Vice President, Legal and Compliance, on November 13, 2026.

The filing discloses that the reporting person first sold 500,000 Class B Subordinate Voting Shares between July 27 and July 29, 2026. It then converted 39,746,515 Class A Multiple Voting Shares into Class B Subordinate Voting Shares on a share-for-share basis on September 11, 2026, and subsequently sold an aggregate of 3,132,608 of those Class B shares in two sessions ending September 23, 2026. Following these transactions, the reporting person held 36,613,907 Class B Subordinate Voting Shares and no Class A Multiple Voting Shares, the filing states.

The 18.7% ownership figure is calculated against 195,786,645 Class B Subordinate Voting Shares outstanding as of September 30, 2026, a figure the filing attributes to an issuer press release dated November 11, 2026, furnished to the SEC via Form 6-K on November 12, 2026. The filing identifies two underlying funds as the direct holders: OMERS Ventures III, LP with 33,751,868 shares and OMERS Ventures LP with 2,862,039 shares, with OMERS Administration Corporation exercising control or direction over both. The issuer's principal executive offices are listed at 777 Bay Street, Suite 2400, Toronto, Ontario, Canada M5G 2C8.

What Was Disclosed

OMERS Administration Corporation filed an amended Schedule 13G disclosing that, following share sales in July and September 2026 and a conversion of Class A Multiple Voting Shares, it beneficially owns 36,613,907 Class B Subordinate Voting Shares of Xanadu Quantum Technologies Limited, equal to 18.7% of that class.