Xanadu Quantum Technologies Completes Business Combination with Crane Harbor Acquisition Corp to Go Public
March 27, 2026
Xanadu Quantum Technologies Limited became a publicly listed company on Nasdaq and the Toronto Stock Exchange after completing its previously announced business combination with Crane Harbor Acquisition Corp. The transaction provided Xanadu with approximately $302 million in gross proceeds and includes discussions for up to C$390 million in potential government funding to support technology development, manufacturing scale-up, and commercialization of its photonic quantum computing platform.
- Buyers
- Crane Harbor Acquisition Corp.
- Targets
- Xanadu Quantum Technologies Limited
- Industry
- AI & Machine Learning
- Location
- Canada
- Transaction Type
- Buyout
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