https://cdn.gophotonics.com/news/cover_639105272662968741.webp712370

Xanadu Quantum Technologies, a leading photonic quantum computing company, and Crane Harbor, a publicly traded special purpose acquisition company, announced the proposed nomination of Glenda Dorchak, Eliot Pence, Michelle Reynolds, and The Honorable Heidi Shyu, as directors of Xanadu Quantum Technologies Limited (“NewCo”), the post-closing public company, in connection with the previously announced business combination.

Glenda Dorchak is a former public company Chief Executive Officer and Chairman of several companies, and currently serves on the boards of GlobalFoundries and Cerebras. Eliot Pence is the Founder of Dominion Dynamics and a former global growth leader at Anduril Industries. Michelle Reynolds is Chief Accounting Officer, Treasurer, and Vice President at Reddit, Inc., and The Honorable Heidi Shyu previously served as U.S. Under Secretary of Defense for Research & Engineering and U.S. Assistant Secretary of the Army for Acquisition, Logistics and Technology.

Xanadu’s Founder and Chief Executive Officer, Christian Weedbrook, and Crane Harbor’s Chief Executive Officer, Bill Fradin, will also sit on NewCo’s Board of Directors following the completion of the business combination. The board nominations come as Xanadu advances its previously announced business combination with Crane Harbor and NewCo, which is expected to trade on the Nasdaq and the Toronto Stock Exchange under the ticker symbol “XNDU”, respectively, following the closing of the business combination, subject to approval of such stock exchanges and other customary conditions in connection with the business combination.

“The addition of these new independent directors will further strengthen our Board as we enter the next phase of our evolution into a public company,” said Christian Weedbrook, Founder and Chief Executive Officer of Xanadu. “Glenda, Eliot, Michelle, and Heidi each bring deep experience and expertise across global governance, public markets, finance, operations, and technology, areas that will be mission-critical to Xanadu’s success as we continue to scale our category-defining company. Bringing on independent directors of this caliber is a resounding endorsement for our company, and we will benefit greatly from their collective skillsets and expertise as we continue to make quantum computing an achievable and scalable reality.”

The proposed transaction is expected to close in the first quarter of 2026, subject to the Registration Statement being declared effective by the SEC, the approval by Crane Harbor and Xanadu shareholders, and the satisfaction of other customary closing conditions.

About Xanadu

Xanadu is a Canadian quantum computing company with the mission to build quantum computers that are useful and available to people everywhere. Founded in 2016, Xanadu has become one of the world’s leading quantum hardware and software companies. The Company also leads the development of PennyLane, an open-source software library for quantum computing and application development.

Click here to learn more about Xanadu’s high-contrast quantum magnetometers.