Xanadu and Crane Harbor have publicly filed a joint Form F-4 with the SEC, advancing a proposed $3.1 billion business combination.

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Xanadu Quantum Technologies and Crane Harbor have filed Form F-4 with the SEC, advancing their $3.1 billion business combination that would make Xanadu publicly traded on Nasdaq and TSX under ticker "XNDU." The photonic quantum computing company operates at room temperature without cryogenics, achieved quantum supremacy in 2022 with their 216-qubit Borealis system, and develops PennyLane, a widely-used quantum application framework. Recent milestones include advancing to DARPA's Quantum Benching Stage B, securing CAD $23M from Canada's Quantum Champions Program, and partnerships with Rolls-Royce, A*STAR Singapore, and Thorlabs. The transaction is expected to close in Q1 2026 pending SEC approval and shareholder votes.

Xanadu Announces Filing of Form F-4, a Step Toward Potential Public Listing