Welcome to our dedicated page for Crane Harbor Acquisition Corp-A news (Ticker: CHAC), a resource for investors and traders seeking the latest updates and insights on Crane Harbor Acquisition Corp-A stock.
Crane Harbor Acquisition Corp. (NASDAQ: CHAC) generates news primarily through its activities as a special purpose acquisition company pursuing a business combination. Recent press releases and SEC filings highlight its definitive Business Combination Agreement with Xanadu Quantum Technologies Inc. and Xanadu Quantum Technologies Limited (NewCo), a transaction that would combine Crane Harbor with a photonic quantum computing company.
News coverage around CHAC focuses on key milestones in this proposed transaction. These include the announcement of the business combination agreement, details of the expected capital structure of the combined company, and the confidential submission of a draft registration statement on Form F-4 to the U.S. Securities and Exchange Commission. Additional updates describe the structure of the plan of arrangement, shareholder approval processes, and conditions required for closing.
Investors following CHAC-related news can also see joint announcements where Crane Harbor is mentioned alongside Xanadu’s corporate developments. These items discuss the anticipated listing of the combined company on the Nasdaq Stock Market and the Toronto Stock Exchange, the size and composition of the committed private placement (PIPE) financing, and regulatory steps such as court orders and antitrust review. Each release reiterates that the transaction remains subject to customary closing conditions and includes detailed forward-looking statements and risk disclosures.
This news page provides a consolidated view of press releases and regulatory communications that reference Crane Harbor Acquisition Corp. and its proposed business combination. Readers can use it to track progress of the transaction, review official statements from the parties, and monitor any new material events disclosed through Form 8-K filings or joint announcements with Xanadu and NewCo.
Xanadu (to trade as XNDU) and Crane Harbor (Nasdaq: CHAC) filed a joint Form F-4 for a proposed $3.1 billion business combination that would list Xanadu on Nasdaq and the TSX. The transaction is expected to close in Q1 2026, subject to SEC effectiveness, shareholder approvals, and customary closing conditions.
Key disclosed items include advancement to DARPA Stage B, selection for up to CAD $23M from the Canadian Quantum Champions Program, executive hires, and partnerships with Rolls-Royce, Riverlane, A*STAR, and Thorlabs.
Xanadu (to list via CHAC) partnered with Thorlabs to develop customized optical fiber components aimed at reducing optical loss and improving phase and polarization stability for photonic quantum computing.
The collaboration pairs Xanadu’s photonic hardware expertise with Thorlabs’ high‑volume photonics manufacturing to move novel designs from proof‑of‑concept to mass production and support Xanadu’s utility‑scale quantum computer goals.
Separately, Xanadu announced a business combination with Crane Harbor Acquisition Corp (Nasdaq: CHAC) to form NewCo expected to be capitalized with approximately US$500 million (about US$225M from Crane Harbor’s trust and US$275M from committed investors), and to list on Nasdaq and the Toronto Stock Exchange.
Xanadu Quantum Technologies announced two executive hires on Jan 12, 2026: Michael Trzupek as Chief Financial Officer and Natalie Wilmore as Chief Legal Officer to support the company’s growth toward fault-tolerant quantum computing and a quantum data center.
The release highlights Trzupek’s finance and capital-markets experience at Imagination Technologies, Core Scientific, Microsoft and Intel, and Wilmore’s in-house corporate, securities and transactional experience including leading multi-billion dollar debt offerings. Xanadu also disclosed a business combination with Crane Harbor Acquisition Corp. (Nasdaq: CHAC) that is expected to capitalize NewCo with approximately US$500 million in gross proceeds and list on Nasdaq and the Toronto Stock Exchange.
Xanadu Quantum Technologies (Nasdaq:CHAC) announced a new quantum computational framework to accelerate discovery of photosensitizers for photodynamic cancer therapy and published the work as a pre-print on arXiv on Dec 19, 2025. The research reports simulation of four diverse photosensitizers, highlights modelling of absorption and intersystem crossing rates, and estimates resources for running the algorithms on utility-scale, fault-tolerant quantum computers.
Separately, Xanadu agreed to combine with Crane Harbor Acquisition Corp., creating NewCo expected to list on Nasdaq and the Toronto Stock Exchange and to be capitalized with approximately US$500 million (about US$225 million from Crane Harbor trust assuming no redemptions and US$275 million from committed private placement investors).
Xanadu (CHAC) was selected for the Canadian Quantum Champions Program and will receive up to CAD $23 million from Innovation, Science and Economic Development Canada as part of Phase 1 funding to support development of fault-tolerant quantum computing. Phase 1 begins technical validation and benchmarking led by the National Research Council of Canada through the Benchmarking Quantum Platforms initiative. Xanadu highlighted advantages of its photonic architecture, including room-temperature operation, enhanced qubit connectivity, and a modular design demonstrated by its Aurora prototype.
The funding aims to accelerate practical quantum applications across drug discovery, chemistry, aerospace, defence, and AI.
Xanadu (Nasdaq:CHAC) signed a Memorandum of Understanding with A*STAR to expand collaboration in Singapore by adding A*STAR IHPC and A*STAR Q.InC to an existing relationship with A*STAR IME.
The partners intend to pursue joint R&D on photonic quantum computing, including GKP error mitigation, quantum light sources, integrated photonic connectivity, packaging, ASIC integration, and potential hosting of photonic quantum computers in Singapore.
Separately, Xanadu announced a business combination with Crane Harbor Acquisition Corp. that would create NewCo with approximately US$500 million of gross proceeds (about $225M from Crane Harbor’s trust and $275M from committed investors) and a planned Nasdaq and Toronto listing.
Xanadu, Rolls-Royce, and Riverlane completed a collaboration applying quantum computing to jet engine airflow simulations, using Xanadu's PennyLane and Catalyst compiler plus Riverlane algorithms. The partners reported simulation runtimes fell from weeks to under an hour and prototyping runtimes were reduced by up to 1,000-fold in some cases.
The work targeted hybrid quantum‑classical bottlenecks and prepared algorithm components ahead of Xanadu’s fault‑tolerant hardware. Separately, Xanadu announced a business combination with Crane Harbor Acquisition Corp (Nasdaq: CHAC) to form a public company expected to receive approximately US$500 million in gross proceeds (≈US$225M from the trust assuming no redemptions and ≈US$275M from committed investors) and to list on Nasdaq and the Toronto Stock Exchange.
Crane Harbor Acquisition (Nasdaq: CHAC) and Xanadu confidentially submitted a draft Form F-4 for a proposed business combination to create Xanadu Quantum Technologies Limited.
The combined company implies a pro forma enterprise value of approximately US$3.1 billion and a pro forma market capitalization of US$3.6 billion. The new entity is expected to be capitalized with roughly US$500 million in gross proceeds, including ~US$225 million from Crane Harbor’s trust (assuming no redemptions) and a US$275 million committed PIPE. Closing is subject to customary conditions, shareholder approvals, stock exchange approvals, and is expected by the end of Q1 2026.
Xanadu (Nasdaq: CHAC) advanced to Stage B of DARPA’s Quantum Benchmarking Initiative on Nov 6, 2025, positioning the company among a select group demonstrating a credible path toward utility-scale photonic quantum computing.
Stage B is a year-long, intensive review of development, scaling and cost-control strategies; Xanadu will present a roadmap to fault-tolerant, utility-scale photonic quantum computers and discuss risks and mitigations. Xanadu also announced a business combination with Crane Harbor Acquisition Corp (Nasdaq: CHAC) expected to provide approximately US$500 million in gross proceeds assuming no redemptions, and the combined company is expected to list on Nasdaq and the Toronto Stock Exchange.
Xanadu (expected public ticker: CHAC) signed a definitive business combination with Crane Harbor Acquisition Corp. to become the first publicly traded pure-play photonic quantum computing company, with expected Nasdaq and Toronto Stock Exchange listings.
The transaction values Xanadu at a pre-money rollover equity value of US$3.0 billion, a pro forma enterprise value of ~US$3.1 billion and a pro forma market cap of ~US$3.6 billion. Gross proceeds are expected to be ~US$500 million, including a US$275 million committed PIPE at $10.00 per share, with over 90% of PIPE capital from new investors. Existing Xanadu shareholders will roll over 100% of their equity.
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