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The latest announcement is out from Crane Harbor Acquisition Corp. Class A ( (CHAC) ).
On November 24, 2025, Crane Harbor Acquisition Corp. and Xanadu Quantum Technologies Inc. announced the confidential submission of a draft registration statement to the SEC, marking a significant step towards their proposed business combination. The transaction, expected to close by the end of Q1 2026, will position Xanadu as the first publicly traded pure-play photonic quantum computing company, with an anticipated pro forma market capitalization of $3.6 billion. The combined entity, Xanadu Quantum Technologies Limited, will be capitalized with approximately $500 million, bolstering Xanadu’s leadership in the quantum computing sector.
More about Crane Harbor Acquisition Corp. Class A
Xanadu Quantum Technologies Inc. is a Canadian company specializing in photonic quantum computing. Founded in 2016, Xanadu is known for its innovative quantum computing technology that operates at room temperature, eliminating the need for complex cooling systems. The company also leads in quantum software development with its open-source platform, PennyLane, and aims to commercialize quantum computing applications across various sectors.
Average Trading Volume: 410,253
Technical Sentiment Signal: Strong Buy
Current Market Cap: $336.8M
Find detailed analytics on CHAC stock on TipRanks’ Stock Analysis page.