Crane Harbor Acquisition Corp. and Xanadu have jointly submitted a draft registration statement to the U.S. Securities and Exchange Commission in connection with their proposed business combination. The registration statement includes details of the transaction and the offer of securities to be issued to Xanadu shareholders upon completion. The companies noted that, following public filing and SEC approval, definitive documents will be distributed to Crane Harbor shareholders as of the record date for voting on the proposed transaction. The announcement also highlighted a number of risks and uncertainties related to the proposed combination, including technical challenges and future financial performance.