Acquiring Company
Xanadu Quantum Technologies
Acquired Company
Crane Harbor Acquisition
Toronto
North BrabantManufacturingInformation TechnologySoftwareSoftwareArtificial IntelligenceDescription
Xanadu Quantum Technologies Inc. is advancing its business combination with Crane Harbor Acquisition Corp., expecting to finalize the deal in early 2026. The merger will lead to the formation of a new public entity, NewCo, which will list on Nasdaq and the Toronto Stock Exchange. Key board nominees are appointed to guide the transition and ensure effective governance post-merger.
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Frequently asked
Who acquired Crane Harbor Acquisition?
Crane Harbor Acquisition was acquired by Xanadu Quantum Technologies, based in Toronto. The deal was reported on February 23, 2026. Xanadu Quantum Technologies is a leader in photonic quantum computing. Established in 2016, its Borealis quantum processor achieved quantum supremacy in 2022. Xanadu Quantum Technologies is publicly traded (XNDU) and operates in Manufacturing.
When did Xanadu Quantum Technologies acquire Crane Harbor Acquisition?
Xanadu Quantum Technologies's acquisition of Crane Harbor Acquisition was reported on February 23, 2026. Xanadu Quantum Technologies Inc. is advancing its business combination with Crane Harbor Acquisition Corp., expecting to finalize the deal in early 2026. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Crane Harbor Acquisition do?
Crane Harbor Acquisition Corp. is a special purpose acquisition company (SPAC) focused on merging with or acquiring companies in prominent sectors. It aims to provide a platform for growth-oriented businesses to access public markets. It is publicly traded (CRAN), operating in Software, and is based in North Brabant.
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