OpenPayd to go public via merger with Titan Acquisition Corp. at $1.145B

OpenPayd, a global financial infrastructure platform, announced a definitive business combination agreement with Titan Acquisition Corp., a SPAC. The transaction values OpenPayd at an equity value of $1.145 billion on a pro-forma basis and is expected to result in OpenPayd becoming a publicly listed company on Nasdaq under the ticker "OP." OpenPayd anticipates receiving up to $276 million in gross proceeds, which will be used to strengthen its balance sheet and accelerate expansion, particularly in the U.S. The company reported over $85 million in annualized recurring revenue as of March 2026 and processes more than $240 billion in annualized transaction volume.