OpenPayd Global Holdings Limited has filed a Form F-4 registration statement with the SEC for its proposed business combination with Titan Acquisition Corp (Nasdaq: TACH). The transaction is expected to result in OpenPayd becoming a publicly traded company on Nasdaq under ticker symbol 'OP' with an implied pro forma equity value exceeding $1 billion. The combined company expects to receive approximately $276 million in gross proceeds from Titan's trust account, with closing anticipated in Q4 2026, subject to customary closing conditions and shareholder approval.
Titan is successfully completing its SPAC mission by merging with a high-growth financial technology company. The transaction aligns with Titan's stated focus on partnering with high-growth fintech businesses, and the deal structure includes sponsor earnout arrangements that align long-term incentives with the combined company's performance.