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XANADU QUANTUM TECHNOLOGIES FORMER SPAC INC.

Closed (deSPAC)

Information Technology · photonic quantum computing hardware and software · founded 2016

What it is
Xanadu is a Canadian quantum computing company with the mission to build quantum computers that are useful and available to people everywhere
What it’s doing now
Merging with Crane Harbor Acquisition Corp. (CHAC) — closed (despac).
What you should know
The deal carries a $150M minimum-cash condition — heavy redemptions can break it.

The business, per its filings

SEC primary

Xanadu is a Canadian quantum computing company with the mission to build quantum computers that are useful and available to people everywhere. Founded in 2016, Xanadu has become one of the world’s leading quantum hardware and software companies. The Company also leads the development of PennyLane, an open-source software library for quantum computing and application development. Visit xanadu.ai or follow us on X @XanaduAI.

Source: 425, accession 0001213900-26-034258

What the company says about itself

Web research — not audited

Xanadu is a quantum technology company building photonic quantum computers and quantum software tools. The site highlights quantum hardware (on-chip error-resistant photonic qubits), quantum software (PennyLane and Catalyst), and partnerships with companies like Volkswagen and BMW for applications in battery simulation and quantum machine learning.

Markets:
Quantum Hardware | Quantum Software | Quantum Computing
Products:
PennyLane | Catalyst | On-Chip Error-Resistant Photonic Qubits
Customers:
Volkswagen | BMW
What our web check found

[WEB-INTEL 2026-08-26] 12 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Xanadu and Crane Harbor move forward with a $3.1B SPAC merger, filing Form F-4 and targeting $500M in proceeds" [https://www.stocktitan.net/sec-filings/CHAC/425-crane-harbor-acquisition-corp-business-combination-communication-e4c76b6ce533.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The combined company, Xanadu Quantum Technologies Limited, is expected to be capitalized with approximately US$500 million in gross proceeds. This includes about US$225 million from Crane Harbor's trust account, assuming no redemptions, plu" [https://www.stocktitan.net/sec-filings/CHAC/425-crane-harbor-acquisition-corp-business-combination-communication-e4c76b6ce533.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The proposed business combination is expected to close in the first quarter of 2026." [https://www.stocktitan.net/sec-filings/CHAC/425-crane-harbor-acquisition-corp-business-combination-communication-e4c76b6ce533.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Xanadu Quantum SPAC Deal Approved, Targets $302 Million Raise" [https://thequantuminsider.com/2026/03/19/xanadu-quantum-spac-deal-approved-targets-302-million-raise/] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Xanadu has gone public on the Nasdaq and Toronto Stock Exchange via a SPAC merger, raising approximately $302 million to scale its photonic" [https://www.linkedin.com/posts/joprisco_xanadu-becomes-first-pure-play-photonic-quantum-activity-7443591738948018176-X114] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "values Xanadu at $3 billion, company transitioned from private funding rounds to a SPAC merger, raising $275 million in just four weeks." [https://tanktalks.substack.com/p/xanadus-historic-spac-merger-what] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Xanadu's SPAC merger and PIPE raised $301.6M, lifting cash to $272.5M, while Q1 2026 revenue reached $2.8M and net loss widened to $20.6M" [https://www.stocktitan.net/sec-filings/XNDU/6-k-xanadu-quantum-technologies-ltd-current-report-foreign-issuer-bc4667142c86.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Funding to date for the five-year-old company now totals $145 million" [https://www.xanadu.ai/press/xanadu-lands-$100-million-as-investments-pour-into-quantum-computing] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Since then, Xanadu has raised a total of US$245M in funding" [https://en.wikipedia.org/wiki/Xanadu_Quantum_Technologies] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Xanadu Quantum Technologies will go public on the Nasdaq through a merger with blank-check firm Crane Harbor Acquisition Corp (CHAC.O) in a $3.6" [https://www.linkedin.com/posts/the-quantum-insider_xanadu-to-go-public-in-3b-photonic-quantum-activity-7391175637085954048--KOA] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Quantum Technologies will go public on the Nasdaq through a merger with blank-check firm Crane Harbor Acquisition Corp in a $3.6 billion deal," [https://finance.yahoo.com/news/xanadu-quantum-public-via-3-120622678.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "shareholders have approved the business combination with Xanadu Quantum Technologies Inc., scheduled to close on March 26, 2026." [https://quantumcomputingreport.com/xanadu-to-list-on-nasdaq-and-tsx-following-shareholder-merger-approval/] [WEB-INTEL 2026-08-26] 2 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "scheduled to close on March 26, 2026" [https://quantumcomputingreport.com/xanadu-to-list-on-nasdaq-and-tsx-following-shareholder-merger-approval/] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "March 19, 2026. The closing of the business combination is ..." [https://www.xanadu.ai/press/crane-harbor-acquisition-corp-shareholders-approve-business-combination-with-xanadu-quantum-technologies-inc] [WEB-INTEL 2026-08-26] 2 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "scheduled to close on March 26, 2026" [https://quantumcomputingreport.com/xanadu-to-list-on-nasdaq-and-tsx-following-shareholder-merger-approval/] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "March 19, 2026. The closing of the business combination is ..." [https://www.xanadu.ai/press/crane-harbor-acquisition-corp-shareholders-approve-business-combination-with-xanadu-quantum-technologies-inc] [WEB-INTEL 2026-08-26] 3 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Xanadu Quantum Technologies Inc. and Crane Harbor Acquisition Corp. have publicly filed a joint Form F-4 registration statement for their previously announced $3.1 billion proposed business combination." [https://www.stocktitan.net/sec-filings/CHAC/425-crane-harbor-acquisition-corp-business-combination-communication-e4c76b6ce533.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Closing depends on the Form F-4 registration statement being declared effective by the SEC, approvals from Crane Harbor and Xanadu shareholders, and satisfaction of other customary closing conditions described in the communication." [https://www.stocktitan.net/sec-filings/CHAC/425-crane-harbor-acquisition-corp-business-combination-communication-e4c76b6ce533.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "scheduled to close on March 26, 2026." [https://quantumcomputingreport.com/xanadu-to-list-on-nasdaq-and-tsx-following-shareholder-merger-approval/]

Source: https://xanadu.ai/ · captured Aug 26, 2026 · marketing claims are reported as claims, never merged into the filed figures above.

The deal it’s entering

XANADU QUANTUM TECHNOLOGIES FORMER SPAC INC. is merging with Crane Harbor Acquisition Corp. (CHAC) currently marked Closed (deSPAC).

Headline equity value
Minimum cash to close$150M

Structure per SEC accession(s) 0001213900-26-021952. How to read these numbers: headline vs effective valuation · what a definitive agreement commits

What exactly is being valued, and at what

Common questions

Is XANADU QUANTUM TECHNOLOGIES FORMER SPAC INC. going public?

XANADU QUANTUM TECHNOLOGIES FORMER SPAC INC. has an approved merger with the SPAC Crane Harbor Acquisition Corp. (CHAC). Deal status: Closed (deSPAC).

Does XANADU QUANTUM TECHNOLOGIES FORMER SPAC INC. have revenue?

The filings we've parsed don't state a usable revenue figure yet; this profile is updated as new documents land.

Educational content, not investment advice.

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