Crane Harbor Acquisition Shareholders Approve All Proposals Necessary To Complete Business Combination With Xanadu Quantum Technologies

Crane Harbor Acquisition Corp. shareholders have approved all proposals necessary for the business combination with Xanadu Quantum Technologies, marking a significant step towards Xanadu becoming the first publicly listed photonic quantum technology company. The closing of the transaction is expected on March 26, 2026, with shares to begin trading under the ticker 'XNDU' on March 27, 2026. The deal is projected to generate gross proceeds of approximately USD $302 million, in addition to ongoing negotiations for up to CAD $390 million in investment from the Government of Canada and Ontario.