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CHAC
NASDAQ Real Estate & Construction

SPAC Merger with Xanadu Quantum Technologies Advances with Public F-4 Filing

Arie Shkolnikov · Analysis by Wiseek AI
More coverage: Software Stocks · Technology
Sentiment info
Positive
Importance info
8
Price
$10.85
Mkt Cap
$325.81M
52W Low
$9.55
52W High
$13.27
52W Position info
14% above low
Off High info
18% below high
Rel. Volume info
0.5× avg
Market data snapshot near publication time

CHAC is trading near its 52-week low of $9.55 (14% above the low).

Summary

Crane Harbor Acquisition Corp. and Xanadu Quantum Technologies announced the public filing of their joint Form F-4 registration statement, a key step towards completing their $3.1 billion SPAC business combination.


Key Events · M&A and Partnerships · CHAC

  • F-4 Registration Statement Publicly Filed

    Crane Harbor Acquisition Corp. and Xanadu Quantum Technologies announced the public filing of their joint Form F-4 registration statement with the SEC, which includes a preliminary proxy statement/prospectus.

  • Key Milestone for $3.1 Billion SPAC Merger

    The public filing of the F-4 is a critical step towards completing the previously announced $3.1 billion business combination, expected to close in the first quarter of 2026.

  • Xanadu Highlights Recent Achievements

    The filing reiterates Xanadu's recent positive developments, including strengthening its leadership team, advancing in DARPA's Quantum Benching Initiative, securing CAD $23M in funding, and expanding partnerships with Rolls-Royce, Riverlane, A*STAR, and Thorlabs.


Analysis · CHAC · Real Estate & Construction

This filing marks a significant procedural milestone in the proposed $3.1 billion business combination between Crane Harbor Acquisition Corp. and Xanadu Quantum Technologies. The public filing of the joint Form F-4 registration statement makes detailed information about the merger and Xanadu's business publicly available, moving the transaction closer to a shareholder vote and expected Q1 2026 close. This follows the initial merger details announced on January 21, 2026, and reinforces the company's path to becoming a publicly traded entity. The filing also reiterates several positive developments for Xanadu, including leadership appointments, program advancements, and strategic partnerships, which could bolster investor confidence in the target company.

At the time of this filing, CHAC was trading at $10.85 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $325.8M. The 52-week trading range was $9.55 to $13.27. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.

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CHAC - Latest Insights

CHAC
Mar 26, 2026, 4:05 PM EDT
Source: GlobeNewswire
Importance Score:
9
Price at Filing: $9.72
Real-time Price: $10.39 info
Change: +$0.670 (+7%) info
Market Cap: N/A info
CHAC
Mar 23, 2026, 4:00 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $8.01
Real-time Price: $10.39 info
Change: +$2.38 (+30%) info
Market Cap: N/A info
CHAC
Mar 19, 2026, 4:05 PM EDT
Source: GlobeNewswire
Importance Score:
9
Price at Filing: $7.50
Real-time Price: $10.39 info
Change: +$2.89 (+39%) info
Market Cap: N/A info
CHAC
Mar 12, 2026, 4:00 PM EDT
Filing Type: DEFA14A
Importance Score:
9
Price at Filing: $10.29
Real-time Price: $10.39 info
Change: +$0.100 (+0.97%) info
Market Cap: N/A info
CHAC
Mar 11, 2026, 4:05 PM EDT
Source: GlobeNewswire
Importance Score:
9
Price at Filing: $10.33
Real-time Price: $10.39 info
Change: +$0.060 (+0.58%) info
Market Cap: N/A info