MergerJun 12, 2026, 05:06 PM
Titan Acquisition Corp. Amends Merger Agreement on Warrant Redemption
AI Summary
Titan Acquisition Corp. (TACH) announced an amendment to its Business Combination Agreement, originally signed on June 1, 2026, with OpenPayd Global Holdings Limited and OpenPayd Holdings Limited. The First Amendment, executed on June 11, 2026, clarifies that all parties will use their reasonable best efforts to redeem all outstanding Purchaser Warrants prior to or concurrent with the Acquisition Closing. Additionally, the amendment corrected a scrivener's error in Section 8.26 of the original agreement.
Key Highlights
- Titan Acquisition Corp. entered Business Combination Agreement on June 1, 2026.
- First Amendment to the agreement was executed on June 11, 2026.
- Amendment clarifies redemption of all outstanding Purchaser Warrants.
- Parties will use best efforts to redeem warrants before or during closing.
- Amendment also corrected a scrivener's error in Section 8.26.
- Agreement involves Titan, OpenPayd Global Holdings, and OpenPayd Holdings.
Price Impact
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