Xanadu has announced a business combination with Crane Harbor Acquisition Corp. The merger is slated for a special shareholder meeting on March 19, 2026. The combined entity will trade under the ticker symbol 'XNDU' on the Nasdaq and TSX. The transaction is expected to close in Q1 2026.
Company Information
Company
Xanadu Quantum Technologies
Location
Toronto, Ontario, Canada
About
Xanadu Quantum Technologies is a leader in photonic quantum computing. Established in 2016, its Borealis quantum processor achieved quantum supremacy in 2022. The company offers the open-source platform PennyLane, supporting global quantum developers.
Fundz sees it the moment Xanadu Quantum Technologies makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
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