Xanadu hosts 2026 Analyst Day, highlights path to public listing

Xanadu Quantum Technologies is hosting its 2026 Analyst Day at the Nasdaq MarketSite in New York, in advance of the anticipated closing of its previously announced business combination with Crane Harbor Acquisition (CHAC). “We are encouraged by the level of interest from the financial community as we host our Analyst Day today,” said Christian Weedbrook, Founder and Chief Executive Officer of Xanadu. “As we move closer to becoming a publicly listed company, we recognize that our photonic approach to quantum computing represents a new and differentiated opportunity in the public markets. With scalable networking demonstrated and peer reviewed, and a path toward commercialization, we believe Xanadu is ready for this next chapter.” The proposed transaction implies: Approximately $3.1 billion pro forma enterprise value; Approximately $455 million of expected net cash at closing, assuming no redemptions. The proposed transaction is expected to close in the first quarter of 2026.