Mergers & Acquisitions ·
Titan Acquisition Corp files investor presentation for proposed merger with OpenPayd at $881m EV
TACHTitan Acquisition Corp.
Titan Acquisition Corp filed an investor presentation regarding its proposed business combination with OpenPayd Holdings Limited. The all-stock transaction implies a pro forma enterprise value of approximately $881.2 million, based on an assumed share price of $10.00 and 124.5 million pro forma shares outstanding. Existing OpenPayd shareholders are expected to roll over 100% of their equity, with the deal funded by Titan's trust cash and a planned $100 million PIPE financing. The combined entity aims to leverage OpenPayd's global financial infrastructure and embedded banking services across fiat and digital asset rails. Titan Acquisition Corp operates as a blank check company focused on effecting a merger or acquisition.