Titan Acquisition Corp.

Titan Acquisition Corp. announced a Business Combination Agreement on June 1, 2026, to merge with OpenPayd Global Holdings Limited, with OpenPayd shareholders receiving $800 million in PubCo shares. For the six months ended June 30, 2026, the company reported a net income of $3.91 million. However, it faces a working capital deficit of $996,010 and a going concern warning due to its mandatory liquidation date of April 10, 2027, if the merger is not completed.

OpenPayd Global Holdings Limited and Titan Acquisition Corp. announced that PubCo has filed its first amendment to its Form F-4 registration statement with the SEC in connection with their previously announced business combination. The transaction is expected to result in OpenPayd becoming a Nasdaq-listed public company under the ticker symbol "OP", with an implied pro forma equity value exceeding $1 billion. The deal is anticipated to provide OpenPayd with up to approximately $276 million in gross proceeds from Titan's trust account, assuming no redemptions, and is expected to close in the fourth quarter of 2026.

OpenPayd Global Holdings Limited (PubCo), OpenPayd, and Titan Acquisition Corp. announced the filing of a registration statement on Form F-4 with the SEC for their proposed business combination. The transaction is expected to result in OpenPayd becoming a Nasdaq-listed public company under the ticker "OP", with an implied pro forma equity value exceeding $1 billion. The deal is anticipated to provide OpenPayd with up to $276 million in gross proceeds from Titan's trust account, assuming no redemptions, and is expected to close in Q4 2026.

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.

Titan Acquisition Corp. (TACH) has entered into a definitive business combination agreement to merge with OpenPayd Global Holdings Limited. Upon completion, OpenPayd will be listed on Nasdaq under the ticker symbol "OP", with the transaction valuing OpenPayd at an equity value of $1.145 billion on a pro-forma basis. The deal is expected to close in the fourth quarter of 2026, and OpenPayd anticipates receiving up to $276 million in gross proceeds from Titan's trust account, assuming no redemptions. OpenPayd reported over $85 million in annualized recurring revenue and processes over $240 billion in annualized transaction volume as of March 2026.

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.

Titan Acquisition Corp., a blank check company, reported a net income of $1.84 million for the three months ended March 31, 2026, a significant improvement from a net loss of $78,292 in the prior year period. Basic and diluted net income per Class A ordinary share was $0.05. The company's income primarily stems from interest on its Trust Account, which holds $288.12 million. However, management has identified substantial doubt about its ability to continue as a going concern, given its mandatory liquidation date of April 10, 2027, if a business combination is not completed.

Titan Acquisition Corp. (TACH) has filed Amendment No. 1 to its Annual Report on Form 10-K for the fiscal year ended December 31, 2025. This filing confirms the company's adherence to SEC reporting requirements, having submitted all required reports and Interactive Data Files over the past 12 months. TACH is designated as a Non-accelerated filer, a Smaller reporting company, and an Emerging growth company, reflecting its current regulatory status. The report also reiterates the listing of its Units (TACHU), Class A ordinary shares (TACH), and Warrants (TACHW) on The Nasdaq Stock Market LLC, with warrants exercisable at $11.50 per share. This routine amendment provides an update on the company's regulatory standing and basic corporate structure.