Crane Harbor Acquisition Corp.
CHACR
NASDAQ Global Market0.95
USD
+0.14
- -
CIK
0002054174
ISIN
KYG249791172
CUSIP
G24979109
Return %
Stock
S&P500
1Y
313.04
18.21
3Y
313.04
63.29
5Y
313.04
74.90
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- William I. Fradin
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1845 Walnut Street Philadelphia PA United States of America 19103
- IPO Date
- Oct 6, 2025
- CIK
- 0002054174
- Website
- craneharboracquisition.com
- Similar Companies
- Business
- Crane Harbor Acquisition Corp. (CHACR) operates as a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, primarily targeting opportunities in the technology, real assets, and energy sectors. Incorporated in 2025 under the laws of the Cayman Islands and headquartered at 1845 Walnut Street, Suite 1111, Philadelphia, Pennsylvania 19103, the company completed its initial public offering in April 2025, raising up to $175 million through 17.5 million units at $10 each; its securities, including Class A ordinary shares (CHAC), rights (CHACR), and units (CHACU), trade on Nasdaq. The company has no current operating products or services beyond its SPAC structure, which provides redeemable public shareholders access to trust account proceeds prior to a business combination and fractional equity rights upon successful completion of a transaction. 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 of $3.0 billion and the pro forma combined enterprise at approximately $3.1 billion; the transaction, structured through a newly formed holding company (NewCo), contemplates gross proceeds of about $500 million, including $275 million from a fully committed common equity PIPE with strategic investors such as AMD and BMO Global Asset Management, plus up to $225 million from Crane Harbor's trust assuming minimal redemptions. The companies confidentially submitted a draft Form F-4 registration statement to the SEC in late November 2025, which includes a proxy statement/prospectus for Crane Harbor shareholders to vote on the deal and details securities issuance to Xanadu shareholders; completion remains subject to shareholder approval, regulatory clearances, and redemption levels, with the combined entity expected to list on Nasdaq and the Toronto Stock Exchange as the first pure-play public photonic quantum computing firm.
Crane Harbor Acquisition (NASDAQ:CHACR) Stock Price Up 2.8% – Should You Buy?
Crane Harbor Acquisition (NASDAQ:CHACR) Stock Price Down 6.5% – Should You Sell?