OpenPayd files registration statement for Nasdaq listing via Titan Acquisition Corp merger

Corporate Action
โดย GlobeNewswire·Read original
Summary · why it matters

OpenPayd has filed a registration statement on Form F-4 with the U.S. Securities and Exchange Commission for its proposed business combination with Titan Acquisition Corp., a publicly traded special purpose acquisition company. The transaction is expected to result in OpenPayd becoming a Nasdaq-listed public company under the ticker symbol OP, with an implied pro forma equity value exceeding $1 billion. OpenPayd shareholders would receive aggregate consideration based on a value of $800 million, and the deal could provide up to approximately $276 million in gross proceeds from Titan's trust account, assuming no redemptions. OpenPayd, a financial infrastructure platform for programmable money movement, reported more than $85 million in annualized recurring revenue as of March 2026 and over $240 billion in annualized transaction volume. The business combination, approved by both companies' boards, is expected to close in the fourth quarter of 2026, subject to shareholder and regulatory approvals and a minimum aggregate transaction proceeds condition of $130 million.

Impact on stocks 1

Financials · 1 stocks
Titan Acquisition Corp
TACH
▲ PositiveCapitalrelevance

Titan Acquisition Corp is the SPAC merging with OpenPayd, providing trust proceeds and a path to Nasdaq listing.

Theme Impact 1

Off-coverage companies 1

OpenPayd Services LimitedPrivate▲ Positive
Capitalrelevance

OpenPayd files registration statement for Nasdaq listing via SPAC merger, with implied equity value over $1 billion and access to ~$276 million in trust proceeds.

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