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Canadian quantum computing firm Xanadu to list on Nasdaq via $3.6 billion SPAC deal
Yahoo Finance·2025-11-03 20:06

(Reuters) - Xanadu Quantum Technologies will go public on the Nasdaq through a merger with blank-check firm Crane Harbor Acquisition Corp in a 3.6billiondeal,thecompaniesannouncedonMonday.TheCanadianquantumcomputingfirmexpectstofetchnearly3.6 billion deal, the companies announced on Monday. The Canadian quantum computing firm expects to fetch nearly 500 million through the SPAC deal, including a $275 million private investment in public equity. Quantum computers are widely regarded to have the potential to solve problems beyond the capability of classical computers. The technology has progressed ...