Canadian photonic computing company Xanadu Quantum Technologies plans to go public through a business combination with publicly-listed special purpose acquisition company (SPAC) Crane Harbor Acquisition Corp. Following the close of the transaction, expected in the first half of 2026, Xanadu will list on the Nasdaq and the Toronto Stock Exchange. According to Xanadu CEO Christian Weedbrook, the company will use funds raised through the transaction to accelerate development and deployment of the company’s quantum computer systems to be fully fault-tolerant with subsequent commercial traction via both run time sales and PennyLane software monetization. The company will continue to operate under the Xanadu name, with no substantive changes to the company’s team or business operations.