Crane Harbor Acquisition Corp.
NASDAQ Global MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- William I. Fradin
- Full Time Employees
- 3
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1845 Walnut Street Philadelphia PA United States of America 19103
- IPO Date
- May 19, 2025
- CIK
- 0002054174
- Website
- craneharboracquisition.com
- Similar Companies
- Business
- Crane Harbor Acquisition Corp. (Nasdaq: CHAC) is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, with a focus on targets in the technology, real assets, and energy sectors. The company does not currently engage in any substantive operations or generate revenue, instead maintaining a trust account from its initial public offering proceeds to fund a prospective business combination. Incorporated in 2025 as a Cayman Islands exempted company and headquartered at 1845 Walnut Street, Suite 1111, Philadelphia, Pennsylvania, it targets high-growth enterprises and operates principally in the United States while pursuing global opportunities through its sponsor's networks. In November 2025, Crane Harbor entered into a definitive business combination agreement with Xanadu Quantum Technologies, Inc., a photonic quantum computing company, valuing Xanadu at a pre-money rollover equity value of approximately $3.0 billion and the combined entity at a pro forma enterprise value of $3.1 billion with a market capitalization of $3.6 billion. The transaction, structured through a newly formed holding company (NewCo) acquiring both entities, includes gross proceeds of about $500 million, comprising up to $225 million from Crane Harbor's trust (assuming no redemptions) and a fully committed $275 million common equity PIPE from strategic investors including AMD, BMO Global Asset Management, CIBC Asset Management, and Polar Asset Management Partners. On November 24, 2025, NewCo confidentially submitted a draft registration statement on Form F-4 to the U.S. Securities and Exchange Commission, advancing toward shareholder approval and expected listings on Nasdaq and the Toronto Stock Exchange, marking a potential milestone as the first publicly traded pure-play photonic quantum computing company. The deal remains subject to customary closing conditions, regulatory approvals, and redemption risks by public shareholders.
Xanadu Quantum Technologies Limited (XNDU) ouvre les marchés
Xanadu Quantum Technologies Limited (XNDU) Opens the Market
Xanadu Quantum Technologies Limited Announces Closing of Business Combination with Crane Harbor Acquisition Corp. and Xanadu Quantum Technologies Inc.
Crane Harbor Acquisition Corp. Shareholders Approve Business Combination with Xanadu Quantum Technologies Inc.
Xanadu, the University of Toronto and the National Research Council of Canada Unveil Quantum Algorithms for Lithium-ion Battery Simulations
Xanadu and TELUS Collaborate to Advance Quantum Data Centre Infrastructure in Canada
Xanadu Announces Negotiations Toward Up to CAD $390 Million in Support from the Governments of Canada and Ontario to Advance Quantum Manufacturing
Xanadu and ETRI Partner to Accelerate Fault-Tolerant Quantum Algorithm Design using PennyLane
Xanadu and AMD Accelerate Quantum Computing for Aerospace and Engineering
Xanadu Awarded $2.0 Million ARPA-E Grant to Advance Quantum Platform for Next-Generation Batteries
Xanadu Highlights Strong Engagement at 2026 Analyst Day
Xanadu Hosts Analyst Day Highlighting Strategic Milestones and Path to Public Listing
Xanadu and Crane Harbor Announce SEC Declaration of Effectiveness of Form F-4 Registration Statement
Xanadu and Crane Harbor Announce SEC Declaration of Effectiveness of Form F-4 Registration Statement
Xanadu and Mitsubishi Chemical Make Breakthrough Quantum Algorithms for Next-Generation Semiconductor Manufacturing
Xanadu's PennyLane Integrates with the Munich Quantum Toolkit to Advance Quantum Compilation
Xanadu Nominates Experienced Global Business Leaders to its Board of Directors
Xanadu to Host Analyst Day on March 4, 2026
Xanadu Develops Quantum Algorithm Closing in on Chemistry's Toughest Challenge
Xanadu Takes Key Step Toward Becoming a Public Company, Announces Public Filing of Form F-4 in Connection with Proposed Business Combination