Filed by Crane Harbor Acquisition Corp.
Pursuant to Rule 425
under the Securities Act of 1933, as amended
and deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934, as amended
Subject Company: Crane Harbor Acquisition Corp.
(Commission File No. 001- 42617)
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TORONTO, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Xanadu Quantum Technologies Inc. ("Xanadu"), a leading photonic quantum computing company, today announced it has advanced to Stage B of DARPA's Quantum Benchmarking Initiative ("QBI"). This progress positions the company alongside a select few organizations who are demonstrating a credible path toward utility-scale quantum computing and reinforces Xanadu's photonic quantum computing approach. QBI aims to determine which quantum computing approach will reach utility-scale, and which modalities can deliver value on realistic budgets and real-world timelines. Stage B marks a critical phase in this program, where DARPA will conduct an intensive, yea
Xanadu Produced the First Networked, Modular and Scalable Quantum Computer with their Aurora System in Early 20251First Pure Play Quantum Computing Company to Achieve Quantum Supremacy with their Borealis System in 2022 Xanadu's PennyLane Software Offering is the #1 Quantum Programming Software with 47% Usage Among Quantum Programmers2Pro Forma Enterprise Value of the Combined Company is Expected to be Approximately US$3.1 Billion and Pro Forma Market Capitalization is Expected to be Approximately US$3.6 Billion3, with Existing Xanadu Shareholders Rolling Over 100% of their EquityGross Proceeds from the Transaction are Expected to be Approximately US$500 Million, assuming no redemptions from
425 - Crane Harbor Acquisition Corp. (0002054174) (Subject)
425 - Crane Harbor Acquisition Corp. (0002054174) (Subject)
SCHEDULE 13G - Crane Harbor Acquisition Corp. (0002054174) (Subject)
3 - Crane Harbor Acquisition Corp. (0002054174) (Issuer)