OpenPayd Announces Filing of Registration Statement on Form F-4 in Connection with its Proposed Business Combination with Titan Acquisition Corp. (Nasdaq: TACH).
View original at globenewswire.comOpenPayd Announces Filing of Registration Statement on Form F-4 in Connection with its Proposed Business Combination with Titan Acquisition Corp…
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The business combination requires satisfaction of a minimum aggregate transaction proceeds condition of $130 million as a closing condition
60% confidenceCombined company expected to have an implied pro forma equity value exceeding $1 billion
60% confidenceOpenPayd processes more than $240 billion in annualized transaction volume
60% confidenceThe proposed business combination has been approved by the boards of directors of both OpenPayd and Titan
60% confidenceOpenPayd serves customers across global payments, digital assets, trading, embedded finance and other technology-enabled financial services markets across numerous jurisdictions
60% confidenceThe transaction contemplates aggregate consideration to OpenPayd shareholders based on a value of $800 million, less a share-based transaction fee payable to an adviser
60% confidenceOpenPayd has reported more than $85 million in annualized recurring revenue as of March 2026
60% confidenceUp to approximately $276 million in gross proceeds available from Titan's trust account, assuming no redemptions by Titan public shareholders
60% confidenceThe proposed business combination is expected to close in the fourth quarter of 2026 subject to customary closing conditions
60% confidenceARR is defined as the annualized value of all active recurring customer contracts in effect as of the end of the applicable reporting period, calculated by dividing contract value by number of days in the contract term and multiplying by 365, and excludes non-recurring fees, one-time implementation fees, transaction-volume overages and other non-contractually recurring revenue
60% confidence