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TMC the metals co., Inc. is a deep-sea minerals exploration company focused on the collection and processing of polymetallic nodules found on the seafloor in international waters of the Clarion Clipperton Zone in the Pacific Ocean (CCZ). These nodules contain high grades of four metals (nickel, copper, cobalt, manganese) which can be used as (i) feedstock for battery cathode precursors (nickel, cobalt and manganese sulfates, or intermediate nickel-copper-cobalt matte) for electric vehicles (EV) and renewable energy storage markets, (ii) copper cathode for EV wiring, energy transmission and other applications and (iii) manganese silicate for manganese alloy production required for steel production. The company was founded in 2021 and is headquartered in Vancouver, Canada.

TMC the metals company Inc

TMC is currently trending as investors focus on the company's recent regulatory progress, specifically NOAA's determination of substantial compliance for its deep-seabed mining application. The community is actively discussing the stock's potential as a strategic asset for U.S. mineral independence, with heightened attention toward upcoming earnings, the IPO of the TMCR royalty vehicle, and anticipated government financing catalysts.

Global X Funds - Global X Dow 30 Covered Call ETF

Global X Dow 30 Covered Call ETF

The DJIA is trending as investors digest a mix of record-high levels alongside rising market volatility, with the community actively debating whether the recent market rally is sustainable or a bubble about to burst. Sentiment remains polarized, with many traders closely monitoring Fed policy signals, inflation data, and the broader economic impact of geopolitical tensions.

Reddit, Inc. operates an entertainment, social networking, and news website where registered community members can submit content. The firm provides online news services where users can select and rank web content. It also offers a personalized filter on the day's story, using previous votes to determine what new things the user might like to read. The company was founded by Steven Ladd Huffman and Alexis Ohanian on June 23, 2005 and is headquartered in San Francisco, CA.

Reddit Inc. - Ordinary Shares - Class A

Reddit Inc

Reddit is trending as investors weigh strong insider buying activity against broader market volatility and concerns over user growth verification, while the community intensely debates potential short squeeze dynamics and the stock's long-term valuation. Discussion centers on the impact of ongoing tech-sector weakness, high short interest levels, and speculative interest in legal catalysts versus revenue growth potential.

Zebec's integrated products - real time payroll apps, on-chain payments infrastructure and networked DePIN - serve companies of all sizes, merchants and individuals and help transcend the boundaries of traditional banking and diminish the role of financial intermediaries.

Zebec Network

Zebec Network is trending as investors gear up for the upcoming launch of its Super App and potential institutional developments, with many in the community debating the project's long-term utility against broader market volatility. Conversations are heavily centered on upcoming token unlocks, integration milestones, and speculative partnerships with major industry players like Ripple and Stellar.

Palantir Technologies, Inc. engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates through the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies. Its platforms are widely used in areas such as defense, intelligence, healthcare, energy, and financial services, supporting data integration, large-scale analytics, and operational decision-making. The company was founded by Alexander Ceadmon Karp, Peter Andreas Thiel, Stephen Cohen, Joseph Lonsdale, and Nathan Dale Gettings in 2003 and is headquartered in Aventura, FL.

Palantir Technologies Inc - Ordinary Shares - Class A

Palantir Technologies Inc

Palantir is seeing heavy trading activity driven by its expanding role in U.S. military operations, specifically the Pentagon's decision to adopt its AI software as an official program of record. While the community remains polarized, with some investors celebrating the stock's defense-sector momentum and others debating its valuation, discussions are heavily centered on whether these long-term government contracts can sustain the current growth narrative.

Schwab Strategic Trust - Schwab US Dividend Equity ETF

Schwab US Dividend Equity ETF

Schwab US Dividend Equity ETF (SCHD) is trending as income-focused investors lean into its defensive positioning and stable dividend growth amid recent market volatility. Community discourse remains heavily centered on long-term accumulation strategies, with many members actively DCA-ing to build generational wealth through the fund's consistent dividend payouts.

Super Micro Computer, Inc. engages in the distribution and manufacture of information technology solutions and other computer products. Its products include twin solutions, MP servers, GPU and coprocessor, MicroCloud, AMD solutions, power supplies, SuperServer, storage, motherboards, chassis, super workstations, accessories, SuperRack and server management products. The company was founded by Charles Liang, Yih-Shyan Liaw, Sara Liu, and Chiu-Chu Liu Liang in September 1993 and is headquartered in San Jose, CA.

Super Micro Computer Inc

Super Micro Computer is facing significant volatility following a DOJ indictment involving a co-founder and senior staff in an alleged multi-billion dollar scheme to smuggle AI chips to restricted entities. While some community members are calling for a complete leadership overhaul and citing risks of potential delisting or loss of partner status, others are viewing the steep sell-off as an opportunity, betting on the company's underlying fundamentals and anticipating a management restructuring to restore investor confidence.

Direxion Shares ETF Trust - Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares

GUSH is trending as investors aggressively position around escalated geopolitical tensions and potential supply disruptions in the Middle East, with the community closely tracking oil price benchmarks and refinery activity for potential volatility. Traders are actively debating the sustainability of the current uptrend versus the risk of rapid market reversals, leading to increased focus on GUSH as an explosive, leveraged play to capture potential energy sector momentum.

Bittensor is an open-source protocol that powers a decentralized, blockchain-based machine learning network. Machine learning models train collaboratively and are rewarded in TAO according to the informational value they offer the collective. TAO also grants external access, allowing users to extract information from the network while tuning its activities to their needs.  Ultimately, BitTensors vision is to create a pure market for artificial intelligence, an incentivized arena in which consumers and producers of this valuable commodity can interact in a trustless, open and transparent context.  Bittensor enables:  -A novel, optimized strategy for the development and distribution of artificial intelligence technology by leveraging the possibilities of a distributed ledger. Specifically, its facilitation of open access/ownership, decentralized governance, and the ability to harness globally-distributed resources of computing power and innovation within an incentivized framework.  -An open-source repository of machine intelligence, accessible to anyone, anywhere, thus creating the conditions for open and permission-less innovation on a global internet scale.  -Distribution of rewards and network ownership to users in direct proportion to the value they have added.

Bittensor

Bittensor is trending as the community highlights its potential as a foundational protocol for decentralized AI, with increased attention surrounding its upcoming halving and growing ecosystem of subnets. Investors are actively discussing its long-term viability, often comparing the token's scarcity model to Bitcoin and sharing strategies for navigating recent volatility through subnet staking.

Immuneering Corp. operates as a clinical-stage oncology company, which engages in developing medicines for cancer patients. Its pipeline of drug candidates focuses on treating aspects of disease that have eluded conventional approaches, including cancer cachexia and metastasis. The company was founded by Robert J. Carpenter and Benjamin J. Zeskind in 2008 and is headquartered in Cambridge, MA.

Immuneering Corp - Ordinary Shares Class A

Immuneering Corp

Immuneering Corp is capturing significant investor attention as the community anticipates the upcoming January 7th release of 12-month overall survival data for its lead oncology candidate, atebimetinib. The stock is currently trending due to its strong clinical momentum in pancreatic cancer, substantial institutional and insider buying, and high expectations that the new data will validate its unique Deep Cyclic inhibitor platform as a potential new standard of care.

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Zomato Ltd.

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Tata Motors Ltd.

HDFC Bank Ltd.

ITC Ltd.

Adani Enterprises Ltd

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Crane Harbor Acquisition Corp. II (NASDAQ:CRAN) Stock Price Down 0% - Here's What Happened

Crane Harbor Acquisition Corp. II (NASDAQ:CRAN) Shares Down 0% - Time to Sell...

Crane Harbor Merger Target Xanadu Expands Quantum Work With AMD

Crane Harbor Acquisition shares are edging up Tuesday after merger target Xanadu Quantum Technologies announced a collaboration with AMD.read more...

Quantum's Next Big Bet: Xanadu Closes In On Nasdaq Stock Listing

Xanadu Quantum announces the SEC has declared its registration statement effective for a merger with Crane Harbor Acquisition.read more...

SHAREHOLDER ALERT: The M&A Class Action Firm Continues to Investigate the Merger--CHAC, TRVR, SNDA, and FFWM

SHAREHOLDER ALERT: The M&A Class Action Firm Continues to Investigate the Merger--CHAC, TRVR, SNDA, and FFWM SHAREHOLDER ALERT: The M&A Class Action Firm Continues to Investigate the Merger--CHAC...

Xanadu Takes Key Step Toward Becoming a Public Company, Announces Public Filing of Form F-4 in Connection with Proposed Business Combination

Xanadu filed an SEC Form F-4 for its $3.1B merger with Crane Harbor, moving toward becoming the first public pure-play photonic quantum company.

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TORONTO and NEWTON, N.J., Jan. 13, 2026 (GLOBE NEWSWIRE) -- <a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.globenewswire.com/Tracker?data=t1hozq7xcC6ReogsxcTUwOQOASFa9PIKGRyQ_UT25hMvKmkDTLvEIOXkIMh4mEUPsJTSgx8OGonnMk92sx9SKfoX191FW3EiG7kdcRTDhTw=">Xanadu Quantum Technologies Inc</a>. (“Xanadu”), a leading photonic quantum computing company, and <a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.globenewswire.com/Tracker?data=RhGg-GzEFIMvlOWXelJUjzjOsmVv1vxJYVjsL5FdbEJ-_8-9Joc17VAB2CpshrPDojI0Hd8pGnlW1Ffuy7DxfA==">Thorlabs</a>, a globally-renowned designer and manufacturer of photonics equipment, have partnered to develop customized optical fiber components essential for realizing large-scale photonic quantum computing. The collaboration will combine Xanadu’s photonic quantum computing hardware expertise and Thorlabs’ advanced optical component manufacturing capabilities to help address critical challenges in scaling photonic quantum computing systems. Together, the companies can accelerate the production of novel component designs from proof-of-concept to high-volume manufacturing for Xanadu’s scalable hardware.The goal of this collaboration is to develop photonic components that address phase and polarization stability -- key challenges in photonic quantum computing. Maintaining this stability is crucial. Any unwanted drift distorts information encoded in photonic qubits, resulting in computational errors.“We are pleased to work with Thorlabs on addressing this challenge. Their deep expertise and ability to manufacture with high precision, at a high volume, and at a competitive cost makes them an invaluable partner,” said Christian Weedbrook, Chief Executive Officer and Founder of Xanadu.Meeting the stability criteria required in many of the sensitive fiber optics that link together key hardware subsystems, while limiting optical loss, will reduce physical qubit overhead and quantum error correction requirements. This resulting capability improves the scalability of Xanadu’s entire system.“The Thorlabs team is proud to support Xanadu’s mission to advance the frontiers of quantum computing technology,” said Peter Fendel, Chief Technology Officer at Thorlabs. “This partnership combines Xanadu’s deep expertise in scalable quantum computing with Thorlabs’ decades of experience in designing and manufacturing photonic components, and subsystems at scale.”This partnership is driven by a shared vision to push the boundaries of photonics technologies. By leveraging Thorlabs' industrial manufacturing scale, Xanadu can continue to develop its utility-scale photonic quantum computer, helping ensure that the critical optical components are ready for the high-volume demands of a quantum data center.Business Combination Xanadu Quantum Technologies Inc. (“Xanadu”) recently announced a business combination agreement with Crane Harbor Acquisition Corp. (Nasdaq: CHAC), a publicly traded special purpose acquisition company (“Crane Harbor”). The combined company, Xanadu Quantum Technologies Limited (“NewCo”), is expected to be capitalized with approximately US$500 million in gross proceeds, comprising approximately US$225 million from Crane Harbor’s trust account, assuming no redemptions by Crane Harbor’s public stockholders, as well as US$275 million from a group of strategic and institutional investors participating in the transaction via a common equity committed private placement investment. NewCo is expected to be listed on the Nasdaq Stock Market and on the Toronto Stock Exchange.About Xanadu Xanadu is a Canadian quantum computing company with the mission to build quantum computers that are useful and available to people everywhere. Founded in 2016, Xanadu has become one of the world's leading quantum hardware and software companies. The company also leads the development of PennyLane, an open-source software library for quantum computing and application development. Visit <a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.globenewswire.com/Tracker?data=dlOo7jLjKt4VXr07jgRBWMCRKjWiOrqUUFOCgMYfGf5AHkIb8p9zu_a5JpMSs_Qxue4G9nejBgleZuq8m0Dimw==">xanadu.ai</a> or follow us on X (formerly Twitter) <a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.globenewswire.com/Tracker?data=By59bd4VIqgW32T2vgwqRJQap9tPuQds6lCMbQ_ZFH6gNzZKBimrBhXLkPXlirGCwEvxIkuG_IQ4klm846tAIg==">@XanaduAI</a>.About Crane Harbor Acquisition Corp. Crane Harbor Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.About Thorlabs Thorlabs is a vertically integrated photonics manufacturer founded in 1989 to serve the laser and electro-optics research community. Over the past three decades, the company has expanded its competencies to play a leading role in the photonics industry across research, life science, medical, and quantum technology segments. Backed by a dedicated workforce of more than 3,000 employees worldwide, Thorlabs operates over 1.2 million square feet of manufacturing space that encompasses everything from traditional machine and optics shops and advanced assembly cells to compound semiconductor manufacturing and packaging.Additional Information About the Proposed Transaction and Where to Find It The proposed business combination transaction will be submitted to shareholders of Crane Harbor and Xanadu for their consideration. NewCo and Crane Harbor have jointly confidentially submitted a draft registration statement on Form F-4 (the “Registration Statement”) to the U.S. Securities and Exchange Commission (the “SEC”). The Registration Statement includes a proxy statement/prospectus to be distributed to Crane Harbor’s shareholders in connection with Crane Harbor’s solicitation of proxies for the vote by Crane Harbor’s shareholders in connection with the proposed transaction and other matters to be described in the Registration Statement, as well as the prospectus relating to the offer of the securities to be issued to Xanadu’s shareholders in connection with the completion of the proposed transaction. After the Registration Statement has been publicly filed and declared effective by the SEC, a definitive proxy statement/prospectus and other relevant documents will be mailed to Crane Harbor shareholders as of the record date established for voting on the proposed transaction. Before making any voting or investment decision, Crane Harbor’s shareholders and other interested persons are advised to read, once available, the preliminary proxy statement/prospectus and any amendments thereto and, once available, the definitive proxy statement/prospectus, as well as other documents filed with the SEC by NewCo and/or Crane Harbor in connection with the proposed transaction, as these documents will contain important information about NewCo, Crane Harbor, Xanadu and the proposed transaction. Shareholders may obtain a copy of the preliminary or definitive proxy statement/prospectus, once available, as well as other documents filed by NewCo and/or Crane Harbor with the SEC, without charge, at the SEC’s website located at www.sec.gov, Crane Harbor’s website at www.craneharboracquisition.com or by emailing investors@xanadu.ai.Forward-Looking Statements This communication includes “forward-looking statements” within the meaning of the U.S. federal securities laws and “forward-looking information” within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict” or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. We have based these forward-looking statements on current expectations and projections about future events. These statements include: the stock exchanges on which the shares of the combined company are expected to trade; proceeds from the business combination and related PIPE; funds received by the combined company from Crane Harbor’s trust account and redemptions by Crane Harbor’s public shareholders; the companies’ ability to advance optical component manufacturing capabilities to address critical challenges in scaling photonic quantum computing systems and the companies’ ability to develop photonic components that address photon phase and polarization stability.These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions, many of which are beyond the control of Xanadu and Crane Harbor. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that may cause the actual results of the combined company following the proposed transaction, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such statements. Such risks and uncertainties include: that Xanadu is pursuing an emerging technology, faces significant technical challenges and may not achieve commercialization or market acceptance; Xanadu’s historical net losses and limited operating history; that there is substantial doubt about Xanadu's ability to continue as a going concern; Xanadu’s expectations regarding future financial performance, capital requirements and unit economics; Xanadu’s use and reporting of business and operational metrics; Xanadu’s competitive landscape; Xanadu’s dependence on members of its senior management and its ability to attract and retain qualified personnel; the potential need for additional future financing; Xanadu’s ability to manage growth and expand its operations; potential future acquisitions or investments in companies, products, services or technologies; Xanadu’s reliance on strategic partners and other third parties; Xanadu’s concentration of revenue in contracts with government or state-funded entities; Xanadu’s ability to maintain, protect and defend its intellectual property rights; risks associated with privacy, data protection or cybersecurity incidents and related regulations; the use, rate of adoption, and regulation of artificial intelligence and machine learning; uncertainty or changes with respect to laws and regulations; uncertainty or changes with respect to taxes, trade conditions and the macroeconomic environment; material weaknesses in Xanadu's internal control over financial reporting and the combined company’s ability to maintain internal control over financial reporting and operate as a public company; the possibility that required shareholder and regulatory approvals for the proposed transaction are delayed or are not obtained, which could adversely affect the combined company or the expected benefits of the proposed transaction; the risk that shareholders of Crane Harbor could elect to have their shares redeemed, leaving the combined company with insufficient cash to execute its business plans; the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement; the outcome of any legal proceedings or government investigations that may be commenced against Xanadu or Crane Harbor; failure to realize the anticipated benefits of the proposed transaction; the ability of Crane Harbor or the combined company to issue equity or equity-linked securities in connection with the proposed transaction or in the future; and other factors described in Crane Harbor’s filings with the SEC. These forward-looking statements are based on certain assumptions, including that none of the risks identified above materialize; that there are no unforeseen changes to economic and market conditions, and that no significant events occur outside the ordinary course of business. Additional information concerning these and other factors that may impact such forward-looking statements can be found in filings and potential filings by Xanadu, Crane Harbor or the combined company resulting from the proposed transaction with the SEC, including under the heading “Risk Factors.” If any of these risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, these statements reflect the expectations, plans and forecasts of Xanadu’s and Crane Harbor’s management as of the date of this communication; subsequent events and developments may cause their assessments to change. While Xanadu and Crane Harbor may elect to update these forward-looking statements at some point in the future, they specifically disclaim any obligation to do so, unless required by applicable securities laws. Accordingly, undue reliance should not be placed upon these statements.In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this presentation, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and investors are cautioned not to unduly rely upon these statements.An investment in Crane Harbor is not an investment in any of Crane Harbor’s founders’ or sponsors’ past investments, companies or affiliated funds. The historical results of those investments are not indicative of future performance of Crane Harbor, which may differ materially from the performance of Crane Harbor’s founders’ or sponsors’ past investments.No Offer or Solicitation This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This communication is not, and under no circumstances is to be construed as, a prospectus, an advertisement or a public offering of the securities described herein in the United States or any other jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or exemptions therefrom. INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. This press release is not, and under no circumstances is to be construed as, a prospectus, an advertisement or a public offering in any province or territory of Canada. In addition, no securities commission or similar regulatory authority in Canada has reviewed or in any way passed upon this press release or the merits of any of the securities described herein and any representation to the contrary is an offense.Participants in the Solicitation NewCo, Crane Harbor, Xanadu and certain of their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitation of proxies from Crane Harbor’s shareholders in connection with the proposed transaction. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of Crane Harbor’s shareholders in connection with the proposed transaction will be set forth in proxy statement/prospectus when it is filed by NewCo with the SEC. You can find more information about Crane Harbor’s directors and executive officers in Crane Harbor’s final prospectus related to its initial public offering filed with the SEC on April 25, 2025 and in the subsequent Quarterly Reports on Form 10-Q filed by Crane Harbor with the SEC. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests will be included in the proxy statement/prospectus when it becomes available. Shareholders, potential investors and other interested persons should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents from the sources described above.Press Contact: <a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.globenewswire.com/Tracker?data=ZWhPrMgV8rtV_gVDkpm3LfVbztzz4OY32N9WzTwY1wYfRtTM39f7bi0sJs4EzePJYO2NyCDQF3SUVffdbldb5JpUMKZjWajfICwGxB6cFo6MIJIdWG1x-kWD5q_ZlKKcomVrsP6Cyc0IHBq8GGjBmNRI-3EHTH9j4B4wMbIqf9KIPsHxCaVSJuUk1U9xXkXOCR_tTBUOzWxkfbkEsgvd6liKOuEn1gaE1jUEGBA9NEqrv8HvHcDURjC4d72OekRk7BkRConoPI3i-X-ldp440Q==">press@xanadu.ai</a>Investor Relations: <a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.globenewswire.com/Tracker?data=Cz2v25W4jaU-8Rs0uPe5m_6mhLhZfEvSEhEcKfuWTSgndL0GeI-sqGHPfjU533huB5zq_tFD_wnoFKWkESac8NZIXd0VgsLitVfERe4QuFZrVjF0uPt0kbDQYQCbiL309arBl_-Gf8mPLXYB5XkpqQKFe2iFYZprL3U8uo81Ka_mkAq7hUCX05Vn02EJaMCcQPqD3OPnTfkSl-1Y4vvjINTweRl4S-ejD0nDLMFUD_Mtq10N8H_J4us3bPXtDgbdLmz1tMn5H8OI7gtlGKbVbw==">investors@xanadu.ai</a>Source: Crane Harbor Acquisition Corp.Note: This article has been published automatically by sourcing from Access Newswire. The Stocktwits editorial team did not edit this article.

Xanadu and Thorlabs partner to advance optical controls for photonic quantum computing

Xanadu and Thorlabs partnered to develop customized optical fiber components that improve phase and polarization stability, helping scale photonic quantum computing systems and accelerate high-volume manufacturing for quantum data centers.

TORONTO, Jan. 12, 2026 (GLOBE NEWSWIRE) -- Xanadu Quantum Technologies Inc. (“Xanadu”), a leading photonic quantum computing company, today announced the addition of two strategic leaders to their executive team: Michael Trzupek as Chief Financial Officer (CFO) and Natalie Wilmore as Chief Legal Officer (CLO). These executive appointments strengthen Xanadu’s leadership as the company executes on its mission to build quantum computers that are useful and available to people everywhere.“Michael and Natalie are outstanding additions to our leadership team,” said Xanadu Founder and CEO Christian Weedbrook. “As we continue towards our vision of building a quantum data center, their experience will strengthen our financial strategy and help ensure we grow with discipline and integrity.”Michael Trzupek, Chief Financial OfficerMichael Trzupek is a seasoned financial and operating executive with a track record of scaling organizations, strengthening balance sheets, and leading complex capital markets functions across a variety of advanced manufacturing and semiconductor companies such as Intel, Microsoft, Imagination Technologies and Core Scientific. Over the course of his career, he has demonstrated the acumen and discipline needed to help fund and scale Xanadu's push towards fault tolerant quantum computing. Michael joins Xanadu from Imagination Technologies, a British semiconductor and software design company, where he led global finance and IT. Prior to that, Mr. Trzupek served as EVP and CFO at Core Scientific, a provider of blockchain infrastructure and digital asset mining services, where he assisted in taking the company public and raising significant capital. Prior to Core Scientific, he spent seven1 years at Microsoft and ten years at Intel in various finance leadership roles.“Xanadu is building something special, and I’m excited to join at this pivotal moment,” said Michael Trzupek. “I look forward to partnering with the team to strengthen our financial foundation, support disciplined growth, and help accelerate the path to delivering quantum computers that are both useful and available.”Natalie Wilmore, Chief Legal OfficerNatalie Wilmore is an experienced in-house attorney with expertise in scaling high-growth public companies. She joins Xanadu from Pagaya Technologies, an AI-powered fintech platform, where she served as VP, Deputy General Counsel and Corporate Secretary, advising on a broad range of legal matters including corporate governance, securities laws, mergers and acquisitions, litigation matters, debt transactions, intellectual property and employment law. A seasoned department builder, she specializes in establishing the scalable legal infrastructures, internal controls, and corporate secretarial processes required to sustain long-term growth as a public entity. She brings a sophisticated transactional pedigree, having led multi-billion2 dollar debt offerings and executed strategic M&amp;A that drove significant enterprise value. Throughout her career, Natalie has been a key advisor on complex capital markets transactions and public market readiness for high-growth companies, including Skillz Inc., a mobile gaming platform, and Exela Technologies, a business process automation company, as well as established global enterprises like TelevisaUnivision, the leading Spanish-language media company and IBM, a multi-national technology company.“I’m thrilled to join Xanadu at such an important point in its history,” said Natalie Wilmore. “I’m eager to work alongside the leadership team to support strong governance and thoughtful risk management, and to help the company scale responsibly as it advances its mission to deliver useful and available quantum computing.”Business CombinationXanadu recently announced a business combination agreement with Crane Harbor Acquisition Corp. ( CHAC ) , a publicly traded special purpose acquisition company (“Crane Harbor”). The combined company, Xanadu Quantum Technologies Limited (“NewCo”), is expected to be capitalized with approximately US$500 million in gross proceeds, comprising approximately US$225 million from Crane Harbor’s trust account, assuming no redemptions by Crane Harbor’s public stockholders, as well as US$275 million from a group of strategic and institutional investors participating in the transaction via a common equity committed private placement investment. NewCo is expected to be listed on the Nasdaq Stock Market and on the Toronto Stock Exchange.About Xanadu &nbsp;Xanadu is a Canadian quantum computing company with the mission to build quantum computers that are useful and available to people everywhere. Founded in 2016, Xanadu has become one of the world’s leading quantum hardware and software companies. Xanadu also leads the development of PennyLane, an open-source software library for quantum computing and application development. Visit xanadu.ai or follow us on X @XanaduAI.About Crane HarborCrane Harbor is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.Additional Information About the Proposed Transaction and Where to Find ItThe proposed business combination transaction will be submitted to shareholders of Crane Harbor and Xanadu for their consideration. NewCo and Crane Harbor have jointly confidentially submitted a draft registration statement on Form F-4 (the “Registration Statement”) to the U.S. Securities and Exchange Commission (the “SEC”). The Registration Statement includes a proxy statement/prospectus to be distributed to Crane Harbor’s shareholders in connection with Crane Harbor’s solicitation of proxies for the vote by Crane Harbor’s shareholders in connection with the proposed transaction and other matters to be described in the Registration Statement, as well as the prospectus relating to the offer of the securities to be issued to Xanadu’s shareholders in connection with the completion of the proposed transaction. After the Registration Statement has been publicly filed and declared effective by the SEC, a definitive proxy statement/prospectus and other relevant documents will be mailed to Crane Harbor shareholders as of the record date established for voting on the proposed transaction. Before making any voting or investment decision, Crane Harbor’s shareholders and other interested persons are advised to read, once available, the preliminary proxy statement/prospectus and any amendments thereto and, once available, the definitive proxy statement/prospectus, as well as other documents filed with the SEC by NewCo and/or Crane Harbor in connection with the proposed transaction, as these documents will contain important information about NewCo, Crane Harbor, Xanadu and the proposed transaction. Shareholders may obtain a copy of the preliminary or definitive proxy statement/prospectus, once available, as well as other documents filed by NewCo and/or Crane Harbor with the SEC, without charge, at the SEC’s website located at&nbsp;www.sec.gov, Crane Harbor’s website at&nbsp;www.craneharboracquisition.com&nbsp;or by emailing&nbsp;investors@xanadu.ai.Forward-Looking StatementsThis communication includes “forward-looking statements” within the meaning of the U.S. federal securities laws and “forward-looking information” within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict” or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. We have based these forward-looking statements on current expectations and projections about future events. These statements include: the stock exchanges on which the shares of the combined company are expected to trade; proceeds from the business combination and related PIPE; funds received by the combined company from Crane Harbor’s trust account and redemptions by Crane Harbor’s public shareholders; scaling of Xanadu's push towards fault tolerant quantum computing; Xanadu’s ability to build a quantum data center; and Xanadu’s ability to deliver quantum computers that are both useful and available to people everywhere.These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions, many of which are beyond the control of Xanadu and Crane Harbor. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that may cause the actual results of the combined company following the proposed transaction, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such statements. Such risks and uncertainties include: that Xanadu is pursuing an emerging technology, faces significant technical challenges and may not achieve commercialization or market acceptance; Xanadu’s historical net losses and limited operating history; that there is substantial doubt about Xanadu's ability to continue as a going concern; Xanadu’s expectations regarding future financial performance, capital requirements and unit economics; Xanadu’s use and reporting of business and operational metrics; Xanadu’s competitive landscape; Xanadu’s dependence on members of its senior management and its ability to attract and retain qualified personnel; the potential need for additional future financing; Xanadu’s ability to manage growth and expand its operations; potential future acquisitions or investments in companies, products, services or technologies; Xanadu’s reliance on strategic partners and other third parties; Xanadu’s concentration of revenue in contracts with government or state-funded entities; Xanadu’s ability to maintain, protect and defend its intellectual property rights; risks associated with privacy, data protection or cybersecurity incidents and related regulations; the use, rate of adoption, and regulation of artificial intelligence and machine learning; uncertainty or changes with respect to laws and regulations; uncertainty or changes with respect to taxes, trade conditions and the macroeconomic environment; material weaknesses in Xanadu's internal control over financial reporting and the combined company’s ability to maintain internal control over financial reporting and operate as a public company; the possibility that required shareholder and regulatory approvals for the proposed transaction are delayed or are not obtained, which could adversely affect the combined company or the expected benefits of the proposed transaction; the risk that shareholders of Crane Harbor could elect to have their shares redeemed, leaving the combined company with insufficient cash to execute its business plans; the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement; the outcome of any legal proceedings or government investigations that may be commenced against Xanadu or Crane Harbor; failure to realize the anticipated benefits of the proposed transaction; the ability of Crane Harbor or the combined company to issue equity or equity-linked securities in connection with the proposed transaction or in the future; and other factors described in Crane Harbor’s filings with the SEC. These forward-looking statements are based on certain assumptions, including that none of the risks identified above materialize; that there are no unforeseen changes to economic and market conditions, and that no significant events occur outside the ordinary course of business. Additional information concerning these and other factors that may impact such forward-looking statements can be found in filings and potential filings by Xanadu, Crane Harbor or the combined company resulting from the proposed transaction with the SEC, including under the heading “Risk Factors.” If any of these risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, these statements reflect the expectations, plans and forecasts of Xanadu’s and Crane Harbor’s management as of the date of this communication; subsequent events and developments may cause their assessments to change. While Xanadu and Crane Harbor may elect to update these forward-looking statements at some point in the future, they specifically disclaim any obligation to do so, unless required by applicable securities laws. Accordingly, undue reliance should not be placed upon these statements.In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this presentation, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and investors are cautioned not to unduly rely upon these statements.An investment in Crane Harbor is not an investment in any of Crane Harbor’s founders’ or sponsors’ past investments, companies or affiliated funds. The historical results of those investments are not indicative of future performance of Crane Harbor, which may differ materially from the performance of Crane Harbor’s founders’ or sponsors’ past investments.No Offer or SolicitationThis communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This communication is not, and under no circumstances is to be construed as, a prospectus, an advertisement or a public offering of the securities described herein in the United States or any other jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or exemptions therefrom. INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. This press release is not, and under no circumstances is to be construed as, a prospectus, an advertisement or a public offering in any province or territory of Canada. In addition, no securities commission or similar regulatory authority in Canada has reviewed or in any way passed upon this press release or the merits of any of the securities described herein and any representation to the contrary is an offense.Participants in the SolicitationNewCo, Crane Harbor, Xanadu and certain of their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitation of proxies from Crane Harbor’s shareholders in connection with the proposed transaction. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of Crane Harbor’s shareholders in connection with the proposed transaction will be set forth in proxy statement/prospectus when it is filed by NewCo with the SEC. You can find more information about Crane Harbor’s directors and executive officers in Crane Harbor’s final prospectus related to its initial public offering filed with the SEC on April 25, 2025 and in the subsequent Quarterly Reports on Form 10-Q filed by Crane Harbor with the SEC. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests will be included in the proxy statement/prospectus when it becomes available. Shareholders, potential investors and other interested persons should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents from the sources described above.Press Contact:<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="mailto:press@xanadu.ai">press@xanadu.ai</a>&nbsp;Investor Relations:<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="mailto:investors@xanadu.ai">investors@xanadu.ai</a>Source: Crane Harbor Acquisition Corp.Note: This article has been published automatically by sourcing from Access Newswire. The Stocktwits editorial team did not edit this article.

Xanadu Strengthens Executive Leadership with Appointment of Chief Financial Officer and Chief Legal Officer

Xanadu appointed Michael Trzupek as CFO and Natalie Wilmore as CLO, strengthening its executive team as the company advances its mission to build useful, accessible quantum computers and prepares for public market growth.

Xanadu Strengthens Executive Leadership with Appointment of Chief Financial Ocer and Chief Legal Ocer

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Xanadu

Crane Harbor Acquisition Corp. operates as a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded on January 2, 2025 and is headquartered in Philadelphia, PA.

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