OpenPayd to go public via Titan SPAC, $1.145B valuation

A global financial infrastructure provider, OpenPayd, has announced plans to become a publicly traded company through a merger with a special purpose acquisition company, Titan Acquisition Corp. The transaction, which values the combined entity at approximately $1.145 billion, is expected to close in the fourth quarter of 2026 and would list OpenPayd on the Nasdaq stock exchange under the ticker symbol OP.

The deal has been unanimously approved by the boards of both companies but remains subject to regulatory clearances and approval by Titan’s shareholders. Upon completion, OpenPayd is expected to receive up to $276 million in gross proceeds from Titan’s trust account, assuming no shareholder redemptions. The company stated it will use this capital to strengthen its balance sheet and fund expansion, with a particular focus on growing its presence in the United States. Planned investments include technology development, hiring, regulatory licensing, and compliance.

OpenPayd operates a platform that connects traditional banking systems with digital asset networks through a single application programming interface (API). Its services include providing embedded accounts, foreign...