Crane Harbor Acquisition Corp-A SEC Filings

Crane Harbor Acquisition Corp. received a Schedule 13G from RichRich Capital LLC reporting a sizable passive stake. As of January 5, 2025, RichRich Capital beneficially owned 1,540,697 Class A ordinary shares, representing 6.81% of the 22,640,000 Class A shares outstanding as of November 12, 2025. Rich Huang, as sole member of RichRich Capital, may be deemed to share voting and dispositive power over these shares, though he formally disclaims beneficial ownership beyond his indirect interest. The filers certify that the shares were not acquired to change or influence control of the company.

Crane Harbor Acquisition Corp. highlights its proposed business combination with Xanadu Quantum Technologies, which will be voted on by shareholders after a Form F-4 registration statement is reviewed and declared effective by the SEC. The filing notes that the Form F-4, submitted confidentially for now, will include a proxy statement/prospectus for Crane Harbor shareholders and a prospectus for the securities to be issued to Xanadu shareholders.

Xanadu’s CEO describes receiving $23 million through Canada’s Quantum Champions program to support hiring and accelerate innovation in Canada, alongside participation in a U.S. DARPA quantum initiative with $16 million in funding and potential access to $300 million in a later phase. He reiterates plans to remain headquartered in Canada and pursue a dual listing on Nasdaq and the Toronto Stock Exchange to access capital for scaling its photonic quantum computers.

Xanadu Quantum Technologies and Crane Harbor Acquisition Corp. describe the status and legal framework of their proposed business combination. The companies state that a draft registration statement on Form F-4 for a new combined entity, referred to as NewCo, has been confidentially submitted to the SEC and will include a proxy statement/prospectus for Crane Harbor shareholders and a prospectus for securities to be issued to Xanadu shareholders.

The communication emphasizes that future detailed materials, including a definitive proxy statement/prospectus, will be sent to Crane Harbor shareholders after SEC review, and encourages careful review of those documents once available. It contains extensive forward-looking statement disclosures highlighting significant business, technical, regulatory, financing and execution risks facing Xanadu, the SPAC transaction, and the combined company, and clarifies that this is not an offer to sell securities or a solicitation of votes.

Xanadu Quantum Technologies Inc. filed a communication describing its proposed business combination with Crane Harbor Acquisition Corp. and a new holding company, Xanadu Quantum Technologies Limited (NewCo). The companies have jointly confidentially submitted a draft registration statement on Form F-4 to the SEC, which will include a proxy statement/prospectus for Crane Harbor shareholders and a prospectus for the securities to be issued to Xanadu shareholders. Once the registration statement is publicly filed and declared effective, definitive proxy materials will be mailed to Crane Harbor shareholders, who are urged to review those documents before making any voting or investment decisions. The communication also contains extensive forward-looking statements language outlining risks related to Xanadu’s early-stage quantum computing business, its financial condition, the need for approvals, potential shareholder redemptions, and the possibility the transaction may not be completed, and clarifies that this is not an offer or solicitation to buy or sell securities.

Xanadu Quantum Technologies announced that it has been selected for Canada’s new Canadian Quantum Champions Program, a three-phase federal initiative aimed at advancing fault-tolerant quantum computing. In Phase 1, Xanadu will receive up to CAD $23 million from Innovation, Science and Economic Development Canada, while the National Research Council of Canada will benchmark each participant’s technical progress through the Benchmarking Quantum Platforms initiative.

The company highlights advantages of its photonic quantum architecture and its Aurora system as building blocks for large-scale, error-corrected quantum computers, with potential applications in areas such as drug discovery, aerospace, defence and AI. The communication also references a proposed business combination with Crane Harbor Acquisition Corp., noting that a draft Form F-4 registration statement has been confidentially submitted, and outlines extensive risk factors, including substantial doubt about Xanadu’s ability to continue as a going concern.

Xanadu Quantum Technologies, which plans to merge with special purpose acquisition company Crane Harbor Acquisition Corp. (CHAC) into a new public entity referred to as NewCo, highlighted a technical milestone and provided transaction-related disclosures. Xanadu reported that, together with Rolls-Royce and Riverlane, it completed a collaborative project using quantum computing algorithms to study jet engine airflow, aiming to sharply cut calculation costs and open new prototyping options for aerospace applications.

The communication explains that NewCo and Crane Harbor have confidentially submitted a draft Form F-4 registration statement to the SEC, which will include a proxy statement/prospectus for Crane Harbor shareholders and a prospectus for securities issued to Xanadu shareholders. It also includes extensive forward-looking statement and risk disclosures, stressing Xanadu’s early-stage quantum technology, historical losses, going concern risks, reliance on partners and financing, potential redemptions of Crane Harbor shares, and the possibility the business combination may not be completed.

Xanadu Quantum Technologies, which plans to merge with Crane Harbor Acquisition Corp. (CHAC), highlighted a recent project where it worked with Rolls-Royce and Riverlane. By using quantum computing algorithms to model jet engine airflow, the team reports sharply lower calculation costs and new possibilities for aerospace prototyping, positioning quantum tools for real-world engineering use.

The planned business combination will be effected through a new holding company, NewCo, which has confidentially submitted a draft Form F-4 registration statement to the SEC. That filing will include a proxy statement/prospectus for Crane Harbor shareholders and a prospectus for securities issued to Xanadu shareholders. The communication stresses that many statements are forward-looking and subject to significant risks, including Xanadu’s emerging-technology profile, historical losses, going concern doubts, reliance on partners, regulatory and macroeconomic uncertainties, potential high redemptions by Crane Harbor shareholders, and the possibility required approvals or expected benefits of the deal do not materialize. It also clarifies that this is not an offer or solicitation to buy or sell securities.

Xanadu Quantum Technologies, together with Rolls-Royce and Riverlane, announced successful use of quantum computing techniques to speed up jet engine airflow simulations. By combining Xanadu’s PennyLane software, its Catalyst compiler and Riverlane’s quantum algorithms, Rolls-Royce cut some prototyping runtimes from weeks to less than an hour, potentially opening faster design cycles for complex aerospace systems.

The release also highlights Xanadu’s proposed business combination with Crane Harbor Acquisition Corp. (Nasdaq: CHAC). The new combined company, Xanadu Quantum Technologies Limited, is expected to be capitalized with approximately US$500 million in gross proceeds, including approximately US$225 million from Crane Harbor’s trust account, assuming no redemptions, and US$275 million from a committed common equity private placement. The combined company is expected to list on both Nasdaq and the Toronto Stock Exchange.