Xanadu Quantum Technologies Completes Business Combination and Raises $275mln in PIPE Financing

Xanadu Quantum Technologies Limited, a leading photonic quantum computing company, has completed its business combination with Crane Harbor Acquisition Corp. and raised $275 million in PIPE financing. The company's Class B Subordinate Voting Shares will trade on Nasdaq and the Toronto Stock Exchange under the ticker symbol "XNDU." Xanadu is positioned to be the first publicly listed pure-play photonic quantum computing company, with a focus on building scalable, networked systems and enabling commercial quantum applications.