$CHAC is the SPAC bringing Xanadu, a leader in photonic quantum computing, to the public markets.

💻 $CHAC Xanadu Quantum Coming Public

CHAC is the SPAC bringing Xanadu, a leader in photonic quantum computing, to the public markets.

Founded by quantum pioneer Christian Weedbrook, Xanadu is backed by major institutions including AMD, BMO, CIBC, OMERS, Porsche SE, and Bessemer, with partnerships spanning Toyota, Rolls-Royce, and Lockheed Martin alongside research ties to DARPA and U.S. national labs. The deal is expected to deliver $455M in cash, including a $275M institutional PIPE, giving the company significant capital to scale.

Xanadu’s photonic approach enables room-temperature quantum computing, high fidelity performance, and scalable architecture, while also building the software layer through its PennyLane platform.

⚡ A well-funded quantum computing player entering the public markets through $CHAC.