Mergers & Acquisitions · GlobeNewswire

OpenPayd to merge with Titan SPAC at $1.145B valuation, expects $276M proceeds

TACHUTitan Acquisition Corp.

OpenPayd and Titan Acquisition Corp. entered a definitive business combination agreement. The transaction values OpenPayd at an equity value of $1.145 billion on a pro-forma basis. Upon closing, expected in the fourth quarter of 2026, OpenPayd will list on Nasdaq under ticker "OP" and receive up to $276 million in gross proceeds from Titan's trust account. The deal was unanimously approved by both boards and is subject to shareholder approval. OpenPayd operates a global financial infrastructure platform for programmable money movement at the intersection of traditional finance and digital assets.