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 and Thorlabs partner to advance optical controls for photonic quantum computingGlobeNewswire
- Xanadu Strengthens Executive Leadership with Appointment of Chief Financial Officer and Chief Legal OfficerGlobeNewswire
- Xanadu Pioneers the Use of Quantum Computers in Photodynamic Cancer Therapy ResearchGlobeNewswire
- Xanadu to receive up to $23M from new Canadian Quantum Champions ProgramGlobeNewswire
- Xanadu Expands Partnership with A*STAR to Advance Photonic Quantum ComputingGlobeNewswire
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- 12/16/25 - Form 424B4
- 12/16/25 - Form 425
- 12/16/25 - Form 425
- CHAC's page on the SEC website