Crane Harbor Acquisition Corp. to Merge with Xanadu Quantum Technologies in $500 Million Deal

Reuters

Jan 13

<a href="https://laohu8.com/S/CHAC">Crane Harbor Acquisition Corp</a>. to Merge with Xanadu <a href="https://laohu8.com/S/QMCO">Quantum</a> Technologies in $500 Million Deal

Xanadu Quantum Technologies Inc. has entered into a business combination agreement with Crane Harbor Acquisition Corp., a publicly traded special purpose acquisition company. The combined company, Xanadu Quantum Technologies Limited, is expected to receive approximately US$500 million in gross proceeds, including US$225 million from Crane Harbor's trust account and US$275 million from strategic and institutional investors through a private placement. The new entity is anticipated to be listed on both the Nasdaq Stock Market and the Toronto Stock Exchange.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Crane Harbor Acquisition Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9624355-en) on January 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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