Xanadu to Host Analyst Day on March 4, 2026

Rhea-AI Summary

Xanadu (Nasdaq: CHAC) will host an Analyst Day on March 4, 2026 at 9:00 am ET to discuss its corporate strategy and scaling of its photonic quantum platform.

The event will be webcast live with a post-event replay and presentation materials available the same day on Crane Harbor Acquisition Corp's Events & Presentations page. The previously announced definitive business combination with Crane Harbor (Nasdaq: CHAC) is expected to close in Q1 2026, subject to SEC effectiveness, shareholder approvals, and customary closing conditions; the combined company is expected to trade as XNDU on Nasdaq and the Toronto Stock Exchange upon closing.

Key Figures

Analyst Day date: March 4, 2026 Analyst Day time: 9:00 am ET Announcement date: Nov. 3, 2025 +5 more

8 metrics

Analyst Day date March 4, 2026 Scheduled event for Xanadu Analyst Day

Analyst Day time 9:00 am ET Start time of Analyst Day webcast

Announcement date Nov. 3, 2025 Previously announced business combination agreement

Expected close window Q1 2026 Targeted closing period for business combination

Current price $10.41 CHAC price before Analyst Day news

Volume today 93,563 shares Trading volume on news date vs 20-day average

52-week high $13.27 Upper end of CHAC 52-week range pre-event

52-week low $9.895 Lower end of CHAC 52-week range pre-event

Market Reality Check

Price: $10.46 Vol: Volume 93,563 is at 0.32x...

low vol

$10.46 Last Close

Volume Volume 93,563 is at 0.32x the 20-day average, indicating muted trading ahead of the event. low

Technical Shares at 10.41 are trading slightly below the 200-day MA of 10.55 and well under the 52-week high of 13.27.

Historical Context

5 past events · Latest: Feb 13 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 13	Quantum algorithm update	Positive	+0.2%	Pre-print on more efficient photochemical simulation algorithm using quantum computing.
Jan 28	Form F-4 filing	Positive	-1.2%	Public filing of joint Form F-4 for proposed $3.1B business combination.
Jan 13	Thorlabs partnership	Positive	+0.9%	Partnership with Thorlabs to develop optical components and SPAC combination details.
Jan 12	Executive hires	Positive	+0.7%	Appointment of new CFO and Chief Legal Officer plus NewCo capitalization plans.
Dec 19	Cancer therapy research	Positive	+0.6%	New quantum framework for photodynamic cancer therapy and SPAC combination terms.

Pattern Detected

Recent Xanadu-related announcements have generally produced modest positive moves in CHAC, with one notable negative reaction on the Form F-4 filing news.

Recent Company History

Over the last few months, CHAC news has focused on its proposed business combination with Xanadu and Xanadu’s technical milestones. Announcements included new algorithms for photochemical and cancer-therapy research, a strategic partnership with Thorlabs, and executive hires on Jan 12, 2026. Multiple releases reiterated plans to create a NewCo capitalized with about US$500 million and list on Nasdaq and the TSX. The current Analyst Day notice fits into this ongoing investor-education and transaction-marketing cadence.

Market Pulse Summary

This announcement schedules an Analyst Day on March 4, 2026, where Xanadu’s leadership plans to disc...

Analysis

This announcement schedules an Analyst Day on March 4, 2026, where Xanadu’s leadership plans to discuss strategy, its photonic quantum roadmap, and the proposed business combination with CHAC, expected to close in Q1 2026 subject to SEC effectiveness and shareholder approvals. In context of prior 425 communications, investors may focus on updates about the transaction’s status, capitalization plans, and how management addresses previously disclosed going-concern and execution risks.

Key Terms

special purpose acquisition company, business combination agreement, registration statement

3 terms

special purpose acquisition company financial

"Crane Harbor) (Nasdaq: CHAC), a publicly traded special purpose acquisition company."

A special purpose acquisition company (SPAC) is a company formed with the sole purpose of raising money through a public offering to buy or merge with an existing private business. It acts like a vehicle that allows private companies to go public more quickly and with less complexity. For investors, it offers an opportunity to invest early in a potential acquisition, though it also carries risks if the intended deal doesn’t materialize.

business combination agreement regulatory

"Xanadu entered into a definitive business combination agreement with Crane Harbor"

A business combination agreement is a detailed contract that lays out the terms for two companies to join together—covering price, how ownership will be split, the steps needed to close the deal, and what each side promises to do or avoid before closing. For investors it matters because the agreement determines potential changes in value, control, timing, and risk exposure—think of it like the playbook for a merger that shows who wins, who pays, and what could still derail the plan.

registration statement regulatory

"subject to the Registration Statement being declared effective by the SEC"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

AI-generated analysis. Not financial advice.

TORONTO, Feb. 20, 2026 (GLOBE NEWSWIRE) -- Xanadu Quantum Technologies Inc. (“Xanadu”), a leading photonic quantum computing company, today announced that it will host an Analyst Day on Wednesday, March 4, 2026 at 9:00 am ET.

Christian Weedbrook, Founder and Chief Executive Officer; Michael Trzupek, Chief Financial Officer; and Rafal Janik, Chief Operating Officer; will provide commentary on Xanadu’s current position, corporate strategy, and approach to scaling its photonic quantum platform.

The live webcast as well as the post-event replay will be available via the webcast link provided below. A copy of the presentation will be available on the day of the event on Crane Harbor Acquisition Corp’s website under Events & Presentations.

Xanadu Analyst Day

Date: March 4, 2026

Time: 9:00 am ET

Webcast link: https://app.webinar.net/9PwE0wg0Dod

As previously announced on November 3, 2025, Xanadu entered into a definitive business combination agreement with Crane Harbor Acquisition Corp. (“Crane Harbor”) (Nasdaq: CHAC), a publicly traded special purpose acquisition company. The proposed transaction is expected to close in the first quarter of 2026, subject to the Registration Statement being declared effective by the SEC, the approval by Crane Harbor and Xanadu shareholders, and the satisfaction of other customary closing conditions. Upon completion of the transaction, the combined company’s shares are expected to trade on the Nasdaq and the Toronto Stock Exchange under the ticker symbol “XNDU”.

About Xanadu

Xanadu is a Canadian quantum computing company with the mission to build quantum computers that are useful and available to people everywhere. Founded in 2016, Xanadu has become one of the world’s leading quantum hardware and software companies. The Company also leads the development of PennyLane, an open-source software library for quantum computing and application development. Visit xanadu.ai or follow us on X @XanaduAI.

Business Combination

Xanadu recently announced a business combination agreement with Crane Harbor Acquisition Corp. (“Crane Harbor”) (Nasdaq: CHAC), a publicly traded special purpose acquisition company. The combined company, Xanadu Quantum Technologies Limited (“NewCo”), is expected to be capitalized with approximately US$500 million in gross proceeds, comprising approximately US$225 million from Crane Harbor’s trust account, assuming no redemptions by Crane Harbor’s public stockholders, as well as US$275 million from a group of strategic and institutional investors participating in the transaction via a common equity committed private placement investment. NewCo is expected to be listed on the Nasdaq Stock Market and on the Toronto Stock Exchange.

About Crane Harbor Acquisition Corp

Crane Harbor Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Additional Information About the Proposed Transaction and Where to Find It

The proposed business combination transaction will be submitted to shareholders of Crane Harbor and Xanadu for their consideration. NewCo and Crane Harbor have jointly filed a registration statement on Form F-4 (the “Registration Statement”) to the U.S. Securities and Exchange Commission (the “SEC”). The Registration Statement includes a proxy statement/prospectus to be distributed to Crane Harbor’s shareholders in connection with Crane Harbor’s solicitation of proxies for the vote by Crane Harbor’s shareholders in connection with the proposed transaction and other matters to be described in the Registration Statement, as well as the prospectus relating to the offer of the securities to be issued to Xanadu’s shareholders in connection with the completion of the proposed transaction. After the Registration Statement has been publicly filed and declared effective by the SEC, a definitive proxy statement/prospectus and other relevant documents will be mailed to Crane Harbor shareholders as of the record date established for voting on the proposed transaction. Before making any voting or investment decision, Crane Harbor’s shareholders and other interested persons are advised to read, once available, the preliminary proxy statement/prospectus and any amendments thereto and, once available, the definitive proxy statement/prospectus, as well as other documents filed with the SEC by NewCo and/or Crane Harbor in connection with the proposed transaction, as these documents will contain important information about NewCo, Crane Harbor, Xanadu and the proposed transaction. Shareholders may obtain a copy of the preliminary or definitive proxy statement/prospectus, once available, as well as other documents filed by NewCo and/or Crane Harbor with the SEC, without charge, at the SEC’s website located at www.sec.gov, Crane Harbor’s website at www.craneharboracquisition.com or by emailing investors@xanadu.ai.

No Offer or Solicitation

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This communication is not, and under no circumstances is to be construed as, a prospectus, an advertisement or a public offering of the securities described herein in the United States or any other jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or exemptions therefrom. INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. This press release is not, and under no circumstances is to be construed as, a prospectus, an advertisement or a public offering in any province or territory of Canada. In addition, no securities commission or similar regulatory authority in Canada has reviewed or in any way passed upon this press release or the merits of any of the securities described herein and any representation to the contrary is an offense.

Participants in the Solicitation

NewCo, Crane Harbor, Xanadu and certain of their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitation of proxies from Crane Harbor’s shareholders in connection with the proposed transaction. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of Crane Harbor’s shareholders in connection with the proposed transaction will be set forth in proxy statement/prospectus when it is filed by NewCo with the SEC. You can find more information about Crane Harbor’s directors and executive officers in Crane Harbor’s final prospectus related to its initial public offering filed with the SEC on April 25, 2025 and in the subsequent Quarterly Reports on Form 10-Q filed by Crane Harbor with the SEC. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests will be included in the proxy statement/prospectus when it becomes available. Shareholders, potential investors and other interested persons should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents from the sources described above.

Press Contact:
press@xanadu.ai

Investor Relations:
investors@xanadu.ai

FAQ

When is Xanadu's Analyst Day and how can investors watch (CHAC)?

Xanadu's Analyst Day is on March 4, 2026 at 9:00 am ET and will be webcast live. According to Xanadu, the live webcast and a post-event replay will be available via the provided webinar link, with the presentation posted on Crane Harbor's Events & Presentations page the same day.

Who will present at Xanadu's March 4, 2026 Analyst Day (CHAC)?

Presenters include CEO Christian Weedbrook, CFO Michael Trzupek, and COO Rafal Janik. According to Xanadu, they will outline the company's current position, corporate strategy, and plans for scaling the photonic quantum platform during the session.

What is the webcast link for Xanadu's Analyst Day on March 4, 2026 (CHAC)?

The webcast link is https://app.webinar.net/9PwE0wg0Dod for live access and replay. According to Xanadu, both the live stream and the post-event replay will be accessible through that link and the presentation will be posted on Crane Harbor's website.

How does the Crane Harbor business combination affect Xanadu's listing and ticker (CHAC)?

Upon closing, the combined company is expected to trade as XNDU on Nasdaq and the Toronto Stock Exchange. According to Xanadu, the transaction is expected to close in Q1 2026, subject to SEC effectiveness, shareholder approvals, and customary closing conditions.

What conditions remain before the Xanadu–Crane Harbor transaction closes in Q1 2026 (CHAC)?

The transaction requires SEC registration statement effectiveness, Crane Harbor and Xanadu shareholder approvals, and other customary closing conditions. According to Xanadu, those steps must be satisfied before the business combination can close in the first quarter of 2026.

Where will the Xanadu Analyst Day presentation be posted for download (CHAC)?

A copy of the presentation will be available on the day of the event on Crane Harbor's Events & Presentations page. According to Xanadu, investors can access the presentation there when the Analyst Day begins.