The Globe and Mail reports in its Friday edition that Xanadu Quantum Technologies has struck a deal to raise up to $300-million (U.S.) from an affiliate of a New Jersey investment firm with strong ties to the family of President Donald Trump. The Globe's Sean Silcoff writes that the quantum computing start-up said Thursday in a release that it had entered into an at-the-market equity facility with YA II PN Ltd., managed by Yorkville Advisors. The deal gives Xanadu the ability to issue and sell up to $300-million (U.S.) of its subordinate voting shares in private placements to the Yorkville entity over three years. Xanadu said it plans to access the program "opportunistically, based on prevailing market conditions and valuation levels it believes to be favourable to shareholder value." At-the-market (ATM) offerings have become a popular financing mechanism for quantum computing start-ups. Rather than marketing a large offering at a set price, often at a discount, companies use ATM offerings to issue shares to the public in smaller chunks at the market price. That tends to have a smaller impact on the stock price than typical equity deals, which carry higher fees and require time-consuming road shows.