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Stock impact report

Xanadu Becomes First Pure-Play Photonic Quantum Computing Company to Go Public [Yahoo! Finance]

Crane Harbor Acquisition Corp. - Units (CHACU) 
Company Research Source: Yahoo! Finance
leading photonic quantum computing company, today became a publicly listed company on Nasdaq and Toronto Stock Exchange under the ticker symbol "XNDU," following the completion of its previously announced business combination with Crane Harbor Acquisition Corp., a special purpose acquisition company. This transaction provided Xanadu with approximately $302 million in gross proceeds, alongside negotiations for up to C$390 million in potential funding from the Government of Canada and the Government of Ontario, to support continued technology development, expand manufacturing capabilities, and accelerate the commercialization of its photonic quantum computing platform. "Going public on Nasdaq and the TSX marks a defining moment for Xanadu as we open the door to a broader global investor base and take a significant step forward in bringing our technology to market. Our dual listing strengthens our platform for growth and positions us to scale with greater speed and ambition, while co Show less Read more
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