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Liquidated

XANADU QUANTUM TECHNOLOGIES FORMER SPAC INC.

CIK 0002054174

Cash in trust

$226.1M

$226,096,758

Trust per share

Redemption value

IPO

Apr 2025

Combination deadline

Not disclosed

Filings on record

133

Latest May 15, 2026

Overview

XANADU QUANTUM TECHNOLOGIES FORMER SPAC INC. is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002054174. It completed its initial public offering in Apr 2025. The vehicle is sponsored by Crane Harbor through Crane Harbor Sponsor, LLC. The mandate targets generalist. Deadline lapsed without a deal; trust returned to public shareholders.

We plan to target businesses at inflection points in their life cycles, believing they can significantly benefit from our strategic guidance, capital infusion, and expertise.
The mandate, as stated in the IPO prospectus

Reading the filings

Arithmetic on what XANADU QUANTUM TECHNOLOGIES FORMER SPAC INC. has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.

  • Sponsor record

    Crane Harbor has launched 4 vehicles. Of the 2 that have resolved, 0 closed a combination and 2 liquidated, a 0% completion rate. A sponsor's record is not a forecast, but it does tell you whether the team has taken a deal across the line before.

  • Underwriting

    Cohen & Company led the offering. It has been named on 47 SPAC IPOs, book-running 46 of them, and 50% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.

SEC filing history

Free tier: filings older than 24 hours
  • SCHEDULE 13G/A

    Amended beneficial ownership report (passive)

    Accession 0001346554-26-000045

    May 15, 2026

    3mo ago

    Open filing
  • SCHEDULE 13G/A

    Amended beneficial ownership report (passive)

    Accession 0000312069-26-000184

    May 15, 2026

    3mo ago

    Open filing
  • SCHEDULE 13G/A

    Amended beneficial ownership report (passive)

    Accession 0001193125-26-224456

    May 14, 2026

    3mo ago

    Open filing
  • SCHEDULE 13G/A

    Amended beneficial ownership report (passive)

    Accession 0000886982-26-000143

    May 8, 2026

    3mo ago

    Open filing
  • 15-12G

    Deregistration of securities

    Accession 0001213900-26-051082

    May 1, 2026

    4mo ago

    Open filing
  • 25-NSE

    Notification of delisting

    Accession 0001354457-26-000303

    Mar 26, 2026

    5mo ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-26-034258

    Mar 25, 2026

    5mo ago

    Open filing
  • 8-K

    Submission of matters to a vote of security holders; Regulation FD disclosure; Other events

    Items 5.07, 7.01, 8.01, 9.01 · Accession 0001213900-26-032904

    Mar 23, 2026

    5mo ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-26-031941

    Mar 19, 2026

    5mo ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-26-031392

    Mar 19, 2026

    5mo ago

    Open filing
  • SCHEDULE 13G/A

    Amended beneficial ownership report (passive)

    Accession 0000921895-26-000728

    Mar 18, 2026

    5mo ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-26-030081

    Mar 18, 2026

    5mo ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-26-030065

    Mar 18, 2026

    5mo ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-26-028375

    Mar 16, 2026

    5mo ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-26-028322

    Mar 16, 2026

    5mo ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-26-028277

    Mar 16, 2026

    5mo ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-26-027843

    Mar 13, 2026

    5mo ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-26-027082

    Mar 12, 2026

    5mo ago

    Open filing
  • DEFA14A

    Additional proxy soliciting material

    Accession 0001213900-26-026923

    Mar 12, 2026

    5mo ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-26-026450

    Mar 11, 2026

    5mo ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-26-026449

    Mar 11, 2026

    5mo ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-26-026448

    Mar 11, 2026

    5mo ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-26-026439

    Mar 11, 2026

    5mo ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-26-026144

    Mar 11, 2026

    5mo ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-26-025678

    Mar 10, 2026

    5mo ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-26-024829

    Mar 6, 2026

    6mo ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-26-024617

    Mar 6, 2026

    6mo ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-26-023834

    Mar 5, 2026

    6mo ago

    Open filing
  • DEFA14A

    Additional proxy soliciting material

    Accession 0001213900-26-023832

    Mar 5, 2026

    6mo ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-26-023663

    Mar 4, 2026

    6mo ago

    Open filing

XANADU QUANTUM TECHNOLOGIES FORMER SPAC INC.: questions answered

What is XANADU QUANTUM TECHNOLOGIES FORMER SPAC INC.?

XANADU QUANTUM TECHNOLOGIES FORMER SPAC INC. is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002054174. It completed its initial public offering in Apr 2025. The vehicle is sponsored by Crane Harbor through Crane Harbor Sponsor, LLC. The mandate targets generalist. Deadline lapsed without a deal; trust returned to public shareholders.

How much does XANADU QUANTUM TECHNOLOGIES FORMER SPAC INC. hold in trust?

Approximately $226,096,758, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.

When must XANADU QUANTUM TECHNOLOGIES FORMER SPAC INC. complete a merger?

No combination deadline appears in the filings we have indexed. The date is stated in the charter and repeated in each quarterly report; where our parser could not establish it with confidence we leave it blank rather than infer one.

What happens if XANADU QUANTUM TECHNOLOGIES FORMER SPAC INC. does not find a target in time?

The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.

Can I redeem shares in XANADU QUANTUM TECHNOLOGIES FORMER SPAC INC., and at what price?

Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.

Is the trust value the same as the share price for XANADU QUANTUM TECHNOLOGIES FORMER SPAC INC.?

No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.

Who sponsors XANADU QUANTUM TECHNOLOGIES FORMER SPAC INC., and what is their track record?

Crane Harbor Sponsor, LLC is the sponsor entity, part of the Crane Harbor franchise. That franchise has launched 4 vehicles in total, of which 0 closed a combination and 2 liquidated, a 0% completion rate on resolved vehicles. Named principals: Bill Fradin, Jonathan Cohen.

Which banks underwrote the XANADU QUANTUM TECHNOLOGIES FORMER SPAC INC. IPO?

Cohen & Company. Cohen & Company was credited as book-running manager on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.

Is XANADU QUANTUM TECHNOLOGIES FORMER SPAC INC. a good investment?

That is not a question this site answers. XANADU QUANTUM TECHNOLOGIES FORMER SPAC INC. is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.

Where does this XANADU QUANTUM TECHNOLOGIES FORMER SPAC INC. data come from?

Filings XANADU QUANTUM TECHNOLOGIES FORMER SPAC INC. submitted to the SEC under CIK 0002054174: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.

Compiled by the SPACListing research desk

Last reconciled Sep 4, 2026

Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.

Read the full methodology · What is in the dataset · Report a correction

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The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.