spac

The 2026 tech IPO window that bankers predicted would be the busiest since 2021 has opened to near-silence, with Discord, Kraken, and Motive all stalled as a government shutdown hangover clogs the SEC pipeline and investors demand profitability over growth.

Crane Harbor shareholders approve SPAC merger with Xanadu Quantum Technologies, clearing the way for a $3.6 billion Nasdaq and TSX listing under ticker XNDU on March 27.