CRANE HARBOR (SPAC) & XANADU QUANTUM TECHNOLOGIES DE-SPAC SUMMARY
Crane Harbor Acquisition Corp. (CHAC) entered into a Business Combination Agreement on November 3, 2025, to merge with Xanadu Quantum Technologies via a Plan of Arrangement under Ontario law, aiming for a Q1/Q2 2026 closing. The transaction implies a Pro Forma Enterprise Value of approximately $3.1 Billion and a Market Cap of about $3.6 Billion. The combined entity plans to list on Nasdaq (Global Market) and the TSX.
Financials and Funding: A concurrent, oversubscribed Private Investment in Public Equity (PIPE) finan
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