Appleby Advises Crane Harbor Acquisition Corp. on Its USD 3.6 Billion Business Combination With Xanadu Quantum Technologies Inc.

Published: 5 Nov 2025

Type: Deals

Appleby is pleased to announce that it acted as Cayman Islands legal counsel to Crane Harbor Acquisition Corp., a publicly traded special purpose acquisition company, in its recently announced business combination with Xanadu Quantum Technologies Inc. (Xanadu). a leading innovator in photonic quantum computing. The transaction values Xanadu at approximately US$3.6 billion and will result in the creation of the first and only publicly traded pure-play photonic quantum computing company.

Primary Contacts

Alexandra Low

Counsel: Cayman Islands

T +1 345 814 2023
E [email protected]

Simon Raftopoulos

Partner: Cayman Islands

T +1 345 814 2748
E [email protected]

Alexandra Low, Simon Raftopoulos

Appleby acted as legal advisor on the Cayman Islands aspects of the transaction, drawing on its extensive experience in cross-border SPAC mergers and capital markets transactions.

The team was led by Counsel Alexandra Low, with Partner Simon Raftopoulos and other members of the corporate team.

This transaction marks another milestone in Appleby’s market-leading record, further strengthening its expertise in advising on high-profile business combination transactions, as well as capital markets deals.

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