XANADU QUANTUM TECHNOLOGIES FORMER SPAC INC.
Cash in trust
$226M
$226,096,758
Trust per share
—
Redemption value
IPO
Apr 2025
—
Combination deadline
—
Not disclosed
Filings on record
133
Latest May 15, 2026
Business combination
- Target
- Not disclosed in an indexed filing
- Announced
- Nov 3, 2025
- Closed
- Mar 26, 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. Business combination closed; the company trades under a new ticker.
“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.”
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.
Rights, not warrants
Each unit carried one right per unit, convertible into one tenth (1/10) of a share. A right converts automatically on closing rather than needing to be exercised at a strike, so it is dilution that arrives whatever the share price does — unlike a warrant, which only bites if the stock works. For a holder redeeming at the trust it is worth nothing either way; for one staying in, it is a certain claim rather than an option.
Sponsor record
Crane Harbor has launched 4 vehicles. Of the 2 that have resolved, 2 closed a combination and 0 liquidated, a 100% 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 57 SPAC IPOs, book-running 56 of them, and 100% 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.
Filings per month since the first one. A vehicle that has gone quiet with a deadline ahead is a different proposition from one that is still working.
133 filings in all. 34 in the last three months, against a busiest month of 29.
News on XANADU QUANTUM TECHNOLOGIES FORMER SPAC INC.
Last 90 daysNothing in the last 90 days that names this vehicle. We attribute a story only when the release carries the ticker or the registered name, so an empty section means no press release or wire story matched — not that nothing was published. The filings below are the primary record either way.
SEC filing history
Free tier: filings older than 24 hours- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001346554-26-000045
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0000312069-26-000184
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001193125-26-224456
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0000886982-26-000143
- 15-12G
Deregistration of securities
Accession 0001213900-26-051082
- 25-NSE
Notification of delisting
Accession 0001354457-26-000303
- 425
Business-combination communication
Accession 0001213900-26-034258
- 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
- 425
Business-combination communication
Accession 0001213900-26-031941
- 425
Business-combination communication
Accession 0001213900-26-031392
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0000921895-26-000728
- 425
Business-combination communication
Accession 0001213900-26-030081
- 425
Business-combination communication
Accession 0001213900-26-030065
- 425
Business-combination communication
Accession 0001213900-26-028375
- 425
Business-combination communication
Accession 0001213900-26-028322
- 425
Business-combination communication
Accession 0001213900-26-028277
- 425
Business-combination communication
Accession 0001213900-26-027843
- 425
Business-combination communication
Accession 0001213900-26-027082
- DEFA14A
Additional proxy soliciting material
Accession 0001213900-26-026923
- 425
Business-combination communication
Accession 0001213900-26-026450
- 425
Business-combination communication
Accession 0001213900-26-026449
- 425
Business-combination communication
Accession 0001213900-26-026448
- 425
Business-combination communication
Accession 0001213900-26-026439
- 425
Business-combination communication
Accession 0001213900-26-026144
- 425
Business-combination communication
Accession 0001213900-26-025678
- 425
Business-combination communication
Accession 0001213900-26-024829
- 425
Business-combination communication
Accession 0001213900-26-024617
- 425
Business-combination communication
Accession 0001213900-26-023834
- DEFA14A
Additional proxy soliciting material
Accession 0001213900-26-023832
- 425
Business-combination communication
Accession 0001213900-26-023663
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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. Business combination closed; the company trades under a new ticker.
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 2 closed a combination and 0 liquidated, a 100% 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 Oct 19, 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.
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Continue reading
The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
Crane Harbor: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
Cohen & Company in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
Generalist SPACs
Every vehicle chasing the same mandate, ranked by cash in trust.
All completed de-spac transactions
Business combination closed; the company trades under a new ticker.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.