Recent Updates — TACHU

Titan Acquisition Corp filed an 8-K under Item 7.01 to furnish an investor presentation dated August 2026 regarding its proposed business combination with OpenPayd Holdings Limited. The transaction is an all-stock deal implying a pro forma enterprise value of approximately $881.2 million, based on a $10.00 per share issue price and 124.5 million pro forma shares outstanding. Sources include $276 million in trust cash, a $100 million PIPE, and an $800 million rollover from existing OpenPayd shareholders. The combined entity will operate as OpenPayd Global Holdings Limited (PubCo), providing global financial infrastructure and embedded banking services across fiat and digital asset rails.

Titan Acquisition Corp. entered into a first amendment to its Initial Business Combination Agreement with OpenPayd Global Holdings Limited to clarify that parties will use reasonable best efforts to redeem all outstanding Purchaser Warrants prior to or concurrent with the Acquisition Closing. Titan Acquisition Corp. is a special purpose acquisition company (SPAC) focused on identifying and completing a business combination.

On June 1, 2026, Titan Acquisition Corp entered into a Business Combination Agreement to merge with PubCo, which will then acquire OpenPayd Holdings Limited. The transaction values the consideration for the company shares at $800 million, with a minimum proceeds requirement of $130 million for the closing.