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Xanadu to go public on Nasdaq and TSX in $3.6-billion USD SPAC deal

Transaction expected to raise $500 million USD. Toronto-based quantum computing firm Xanadu has struck a deal to go public by merging with a special purpose acquisition company (SPAC) called Crane Harbor Acquisition Corp. Upon completion, shares of the business are expected to trade on both the Nasdaq and the Toronto Stock Exchange (TSX), which could make Xanadu the first Canadian technology company to debut on the TSX in more than four years. Xanadu says it remains “fully committed” to the rese...

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