Crane Harbor Acquisition Corp

CHAC

Market cap $291M

Xanadu to become the first publicly listed pure play photonic quantum computing company and will begin trading on the Nasdaq and Toronto Stock Exchange under the ticker symbol “XNDU” on March 27, 2026 Xanadu to become the first publicly listed pure play photonic quantum computing company and will begin trading on the Nasdaq and Toronto Stock Exchange under the ticker symbol “XNDU” on March 27, 2026

• Xanadu to Become the First Publicly Listed Photonic Quantum Technology Company • Expected to Begin Trading on the Nasdaq and TSX on March 27, 2026  Under Ticker XNDU • Gross Proceeds of Approximately USD$302 Million, In Addition to Previously Announced Negotiations with the Government of Canada and Ontario for an Up to CAD$390 Million Investment, Sets Company Up to Execute Against Technical Roadmap TORONTO, March 19, 2026 (GLOBE NEWSWIRE) -- Crane Harbor Acquisition Corp. (“Crane Harbor”) (Nasdaq: CHAC) today announced that its shareholders approved all proposals necessary to complete the previously announced business combination with Xanadu Quantum Technologies Inc. (“Xanadu”), a leading photonic quantum computing company, at Crane Harbor's extraordinary general meeting of shareholders. The approval represents an important milestone toward completing the transaction and advancing Xanadu's scalable photonic quantum technology platform.

TORONTO, March 18, 2026 (GLOBE NEWSWIRE) -- Xanadu Quantum Technologies Inc. (“ Xanadu ”), a leading photonic quantum computing company, has today announced a novel quantum computational algorithm to accelerate the discovery and analysis of next-generation battery materials. Published as a pre-print article, Xanadu's new research, in collaboration with the University of Toronto and the National Research Council of Canada (NRC) as part of the NRC's Applied Quantum Computing Challenge program, demonstrates how fault-tolerant quantum computers can solve critical challenges to enable the practical application of higher-capacity lithium-excess cathode active materials for lithium batteries.

The collaboration will explore the development of hybrid quantum–classical infrastructure, positioning Canada at the frontier of next-generation computing The collaboration will explore the development of hybrid quantum–classical infrastructure, positioning Canada at the frontier of next-generation computing

TORONTO, March 11, 2026 (GLOBE NEWSWIRE) -- Xanadu Quantum Technologies Inc. (“ Xanadu ”), a leading photonic quantum computing company, today announced that it has entered negotiations with the Government of Canada and the Government of Ontario for support for Project OPTIMISM, an initiative to establish advanced semiconductor and photonic manufacturing capabilities for the quantum technology supply chain in Canada. Subject to due diligence and the execution of definitive agreements, up to $390 million in combined government support is under consideration.

TORONTO and DAEJEON, South Korea, March 11, 2026 (GLOBE NEWSWIRE) -- Xanadu Quantum Technologies Inc. (“ Xanadu ”), a leading photonic quantum computing company, has partnered with the Electronics and Telecommunications Research Institute (ETRI), South Korea's premier government-funded research institution, on a new two-year collaborative research project. The project is supported by a major grant from the South Korean government to advance the nation's quantum ecosystem.

In the release, Xanadu said it used AMD high-performance computing and AI infrastructure on the AMD DevCloud together with its PennyLane quantum software to demonstrate computational fluid dynamics simulations in a hybrid quantum-classical environment.

TORONTO, March 10, 2026 (GLOBE NEWSWIRE) -- Xanadu Quantum Technologies Inc. (“ Xanadu ”), a leading photonic quantum computing company, today announced a major step forward in bringing quantum computing closer to real-world aerospace and engineering applications by leveraging AMD HPC and AI technologies. By combining Xanadu's PennyLane quantum software with AMD high-performance computing solutions on the AMD DevCloud, Xanadu successfully demonstrated how advanced aerospace simulations can be prepared and run in a hybrid quantum-classical environment.

Quantum platform designed to accelerate development of safer, longer-lasting next-generation batteries Builds on growing U.S. and Canadian government momentum, with additional large-scale opportunities in the pipeline

NEW YORK, March 05, 2026 (GLOBE NEWSWIRE) -- Xanadu Quantum Technologies Inc. (“Xanadu”), a leading photonic quantum computing company, yesterday hosted its 2026 Analyst Day at the Nasdaq MarketSite in New York, in advance of the anticipated closing of its previously announced business combination with Crane Harbor Acquisition Corp. (“Crane Harbor”). The event was well attended, reflecting strong engagement from the financial community as Xanadu advances toward becoming a publicly listed company.