收购Crane Harbor，Xanadu Quantum Technologies向SEC提交Xanadu Quantum Technologies的注册草案，以进行公司之间的拟议业务合并

Crane Harbor Acquisition Corp. (Nasdaq: CHAC), a publicly traded special purpose acquisition company ("Crane Harbor"), and Xanadu Quantum Technologies Inc. ("Xanadu"), a leading photonic quantum computing company, today announced the confidential submission of a draft registration statement on Form F-4 (the "Registration Statement") by a newly-formed entity, Xanadu Quantum Technologies Limited ("NewCo"), with the U.S. Securities and Exchange Commission ("SEC"). The submission of the Registration Statement marks an important milestone toward the completion of the previously disclosed proposed business combination between Crane Harbor and Xanadu, which has an expected pro forma enterprise value of approximately US$3.1 billion and pro forma market capitalization of US$3.6 billion.

The combined company, Xanadu Quantum Technologies Limited, 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 ("PIPE"). The US$275 million PIPE investment exceeds the minimum cash required to close the transaction under the business combination agreement.