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flag Xanadu Quantum Tech goes public via $3.6B merger, raising $500M to advance quantum computing.

flag Canadian quantum computing firm Xanadu Quantum Technologies is going public via a $3.6 billion merger with SPAC Crane Harbor Acquisition Corp., enabling a listing on Nasdaq and the Toronto Stock Exchange. flag The deal, announced on November 3, 2025, will raise about $500 million, including $275 million from a private investment, to advance its photonic quantum systems and software. flag The move marks a key milestone for Canada’s quantum industry and reflects growing investor interest in the technology’s potential across medicine, materials science, and computing.

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