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Meta Platforms, Inc. engages in the development of social media applications. It builds technology that helps people connect and share, find communities, and grow businesses. It operates through the Family of Apps (FoA) and Reality Labs (RL) segments. The FoA segment consists of Facebook, Instagram, Messenger, WhatsApp, and other services. The RL segment includes augmented, mixed and virtual reality related consumer hardware, software, and content. The company was founded by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004, and is headquartered in Menlo Park, CA.

Meta Platforms Inc - Ordinary Shares - Class A

Meta Platforms Inc

Meta Platforms is facing downward price pressure despite beating revenue and earnings expectations, primarily due to investor anxiety over a significant increase in capital expenditure guidance for 2026. The community remains deeply divided, with some investors viewing the dip as a high-conviction buying opportunity for a profitable AI leader, while others criticize management's massive infrastructure spending and persistent regulatory risks.

Amazon.com, Inc. is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment offers retail sale of consumer products, including from sellers, advertising, and subscriptions services through North America-focused online and physical stores. The International segment focuses on retail sale of consumer products, including sellers, advertising, and subscription services through internationally focused online stores. The AWS segment is composed of global sales of computers, storage, databases, and other services for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

Amazon.com Inc.

Amazon.com Inc

Amazon is at the center of intense market focus as investors await earnings, with the community closely tracking AWS growth and the company's massive capital expenditure for AI infrastructure. The stock has seen significant call-side conviction and bullish sentiment, as participants look for a clear signal on how these aggressive investments are translating into cloud monetization and long-term profitability.

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment is composed of products and services relating to productivity, communication, and information services such as Office Commercial, Office Consumer, LinkedIn, and Dynamics business solutions. The Intelligent Cloud segment consists of public, private, and hybrid server products and cloud services for businesses and developers, as well as enterprise and partner services. The More Personal Computing segment refers to products and services including Windows operating system, Windows cloud services, Surface, HoloLens, personal computer accessories, Xbox hardware, Xbox Cloud Gaming, Microsoft News, and Microsoft Edge. The company was founded by Paul Gardner Allen and William Henry Gates, III in 1975 and is headquartered in Redmond, WA.

Microsoft Corporation

Microsoft Corp

Microsoft is facing volatility as investors weigh a strong earnings beat, fueled by accelerating Azure growth and massive AI momentum, against concerns over the significant capital expenditure required to scale data center capacity. The community remains sharply divided, with bulls pointing to the company's long-term leadership in the AI infrastructure race while bears express frustration over the stock's price action and the sustainability of massive, debt-financed spending.

Alphabet, Inc. is a holding company, which engages in software, health care, transportation, and other technologies. It operates through the following segments: Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services, such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment refers to infrastructure and platform services, collaboration tools, and other services for enterprise customers. The Other Bets segment relates to the sale of healthcare-related services and internet services. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.

Alphabet Inc - Ordinary Shares - Class A

Alphabet Inc Class A

Alphabet is trending as it hits fresh record highs, driven by massive investor optimism surrounding its AI stack and record-breaking cloud results that silenced previous skepticism. The community is focused on the company's ability to turn heavy capital expenditures into tangible revenue growth, positioning it as a standout performer compared to other mega-cap peers currently struggling with rising infrastructure costs.

Eli Lilly & Co. engages in the discovery, development, manufacture, and sale of pharmaceutical products. The firm's products include diabetes, oncology, immunology, neuroscience, and other products and therapies. The company was founded by Eli Lilly on May 10, 1876 and is headquartered in Indianapolis, IN.

Lilly(Eli) & Co

Eli Lilly shares are in focus as the company recently launched its oral GLP-1 pill, Foundayo, triggering intense community debate over its clinical efficacy and safety profile compared to Novo Nordisk's established offerings. Investors are closely monitoring the stock ahead of upcoming earnings as the market scrutinizes the company's competitive position and recent oncology-focused acquisitions.

Alphabet Inc - Ordinary Shares - Class C

Alphabet is seeing heightened market attention following strong quarterly results that showcased record-breaking cloud performance and Search strength driven by the successful integration of its full-stack AI technology. The community is actively discussing Google's aggressive AI capital expenditures and strategic partnerships with firms like Anthropic, with analysts frequently raising price targets as the company demonstrates measurable returns on its heavy infrastructure investments.

FuelCell Energy, Inc. engages in the business of developing, designing, producing, constructing, and servicing high temperature fuel cells for clean electric power generation. It operates through the following geographical segments: the United States, South Korea, and Europe. The company was founded by Bernard Baker and Martin G. Klein in 1969 and is headquartered in Danbury, CT.

Fuelcell Energy Inc

FuelCell Energy is trending as investors pivot toward the company as a potential data center power solution, fueled by bullish sector sentiment from peer earnings and a rapidly growing business development pipeline. While the community is actively debating the stock's future, discussions are polarized between those betting on an AI-driven infrastructure 'catch-up' play and skeptics concerned about the company's historical challenges with profitability and dilution.

Everspin Technologies, Inc. engages in the provision of magnetoresistive random access memory (MRAM) solutions. Its products include Toggle MRAM, Spin-transfer Torque MRAM, TMR Sensors, and Embedded MRAM. The company was founded by Saied Tehrani on May 16, 2008 and is headquartered in Chandler, AZ.

Everspin Technologies Inc

Everspin Technologies is trending due to a notable contract win with a U.S. defense contractor, which has fueled investor enthusiasm for its specialized radiation-resistant memory technology. The community is actively discussing the stock's potential for significant growth as a key player in edge AI and defense infrastructure, with many participants focused on its role as a strategic memory supplier.

Addentax Group Corp. is a holding company, along with its subsidiaries, engages in the textile and garments industry. It operates through the following segments: Garment Manufacturing, Logistics Services, and Property Management and Subleasing. The Garments Manufacturing segment focuses on manufacturing and distribution of garments. The Logistics Services segment includes delivery and courier services covering some provinces in China. The Property Management and Subleasing segment offers services for wholesalers and retailers. The company was founded on October 28, 2014 and is headquartered in Shenzhen, China.

Addentax Group Corp

Addentax Group Corp. is trending as retail traders monitor its volatile, low-float structure and recent fintech acquisition news, frequently comparing it to other recent China-based short-squeeze runners. The community is actively debating the stock's potential for rapid price swings fueled by its tiny float and speculative interest in upcoming corporate developments.

Huachen AI Parking Management Technology Holding Co., Ltd. engages in the provision of smart parking solutions and equipment structural parts. Its products include structural parts, garage structural parts, materials such as customized steel and load bearing steel plates for cubic parking equipment, and railroad accessories. The company was founded by Lu Bin on September 30, 2021 and is headquartered in Jiaxing, China.

Huachen AI Parking Management Technology Holding Co. Ltd. - Ordinary Shares - Class A

Huachen AI Parking Management Technology Holding Ord Shs

Huachen AI Parking Management Technology is experiencing significant volatility and high retail engagement, driven by a reverse stock split that has drastically reduced the float and triggered intense speculation about a potential short squeeze. Investors are actively debating the sustainability of this momentum, drawing comparisons to other recent low-float Chinese equity runners while monitoring price levels for potential breakout or reversal.

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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, 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

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.

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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