Crane Harbor Acquisition, Xanadu Quantum announce effectiveness of Form F-4

Xanadu Quantum Technologies and Crane Harbor Acquisition (CHAC) announced that the U.S. Securities and Exchange Commission has declared effective the companies’ joint registration statement on Form F-4 in connection with their previously announced proposed business combination. This marks a significant milestone in the transaction process and moves Xanadu substantially closer to becoming a publicly traded company. The business combination is expected to close in the first quarter of 2026, subject to the satisfaction of customary closing conditions, including the approval by Crane Harbor and Xanadu shareholders and the listing of the shares of the combined company on the Toronto Stock Exchange and the Nasdaq Stock Market, which is subject to stock exchange approval. Upon closing, the transaction is expected to result in approximately $500M in gross proceeds, assuming no redemptions.