Xanadu Expected to Become the First and Only Publicly Traded Pure-Play Photonic Quantum Computing Company via Business Combination with Crane Harbor Acquisition Corp.
Crane Harbor Acquisition Corp. - Class A Ordinary Shares (CHAC)
Company Research
Source: GlobeNewswire
Xanadu Produced the First Networked, Modular and Scalable Quantum Computer with their Aurora System in Early 20251First Pure Play Quantum Computing Company to Achieve Quantum Supremacy with their Borealis System in 2022 Xanadu’s PennyLane Software Offering is the #1 Quantum Programming Software with 47% Usage Among Quantum Programmers2Pro Forma Enterprise Value of the Combined Company is Expected to be Approximately US$3.1 Billion and Pro Forma Market Capitalization is Expected to be Approximately US$3.6 Billion3, with Existing Xanadu Shareholders Rolling Over 100% of their EquityGross Proceeds from the Transaction are Expected to be Approximately US$500 Million, assuming no redemptions from Crane Harbor trust account and including US$275 Million in a Fully Committed Common Equity PIPE with a $10.00 Price per Share Over 90% of the Upsized and Oversubscribed PIPE Capital Will be New Money Strategic and Institutional Investors, including AMD, BMO Global Asset Management4, CIBC Asset Man
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News
- Xanadu, Rolls-Royce, and Riverlane unlock dramatic improvements for applications to jet engine airflow simulations using quantum computingGlobeNewswire
- Xanadu Quantum Technologies and Crane Harbor Acquisition Corp. Announce Confidential Submission of a Draft Registration Statement on Form F-4 in Connection with the Proposed Business CombinationGlobeNewswire
- Xanadu Advances to Stage B of DARPA’s Quantum Benchmarking Initiative, Securing up to $15 Million in FundingGlobeNewswire
- $HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Crane Harbor Acquisition Corp. (NASDAQ: CHAC)GlobeNewswire
CHAC
Sec Filings
- 11/26/25 - Form S-1/A
- 11/25/25 - Form 425
- 11/25/25 - Form 425
- CHAC's page on the SEC website