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Xanadu Quantum to Go Public, Eyes $500M Funding

11/5/2025

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Summary

Story summary

Xanadu Quantum Technologies, a Canadian quantum computing company, plans to merge with Crane Harbor Acquisition Corp., a SPAC, to go public and raise nearly $500 million.
The deal includes $275 million from private investments and would raise Xanadu's valuation above $1 billion since 2022.
CEO Christian Weedbrook says public markets are needed to fund development.
Xanadu will seek investor interest in the Middle East and Southeast Asia.

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Story summary

Xanadu Quantum Technologies, a Canadian quantum computing company, plans to merge with Crane Harbor Acquisition Corp., a SPAC, to go public and raise nearly $500 million.
The deal includes $275 million from private investments and would raise Xanadu's valuation above $1 billion since 2022.
CEO Christian Weedbrook says public markets are needed to fund development.
Xanadu will seek investor interest in the Middle East and Southeast Asia.