CHAC
Crane Harbor Acquisition Corp.10.86
-0.16-1.41%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
325.51MP/E (TTM)
-Basic EPS (TTM)
-Dividend Yield
0%Recent Filings
8-K
PFIC statement released
Crane Harbor Acquisition Corp. released its PFIC Annual Statement for fiscal 2025 on March 4, 2026, enabling U.S. shareholders to make a QEF election. Ordinary earnings totaled $0.0011219650 per unit per day; no net capital gains or distributions reported. Shareholders must consult tax advisors. Books available for inspection.
10-K
FY2025 results
Crane Harbor Acquisition Corp., a blank check company, completed its IPO on April 28, 2025, raising $220M in a trust account at $10 per unit while generating no operating revenues through FY2025 ended December 31, 2025. All activity related to formation and pursuing a business combination, with $226.1M held in trust (including $6.1M interest earned) and $268K cash outside trust as of year-end. Net income of $3.6M reflected trust interest offset by $2.5M formation and administrative costs; no Q4-specific metrics disclosed. Sponsor advanced $700K for working capital with $10.3M liabilities including $8.8M deferred underwriting. Signed non-binding business combination agreement November 3, 2025, with Xanadu Quantum Technologies. Sponsor controls 25.9% voting power. Time runs out April 2027 without deal.
8-K
F-4 draft submitted
Crane Harbor and Xanadu announced confidential SEC submission of a Form F-4 draft on November 21, 2025, advancing their business combination signed November 3. NewCo eyes US$3.1B pro forma enterprise value, US$500M gross proceeds from trust and US$275M PIPE. Deal targets Q1 2026 close. Redemptions risk cash shortfalls.
10-Q
Q3 FY2025 results
Crane Harbor, a blank check company, posted Q3 net income of $1.9M for the quarter ended September 30, 2025, driven by $2.4M in Trust Account interest that flipped a $0.5M operating loss. YTD through September 30, net income hit $3.1M on $3.8M interest versus $0.8M operating costs (derived). Trust swelled to $223.8M at $10.17 per share, backed by $0.6M cash outside. No debt beyond $8.8M deferred underwriting fee. Signed business combination agreement November 3. Trust intact. Yet liquidity raises going concern doubts.
8-K
Crane Harbor-Xanadu SPAC merger announced
Crane Harbor Acquisition Corp signed a business combination agreement on November 3, 2025, with Xanadu Quantum Technologies to create Xanadu Quantum Technologies Limited via an Ontario plan of arrangement. SPAC shares convert to PubCo subordinate voting shares at the effective time, while Xanadu shares exchange per a specified ratio; a $275M PIPE at $10.00/share backs the deal, targeting Nasdaq and TSX listings. Yet redemptions must stay below levels ensuring $150M aggregate proceeds.
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