OpenPayd files amended F-4 for merger with Titan Acquisition Corp
TACH•Closing conditions
Closing conditions include Titan shareholder approval, Nasdaq listing approval, regulatory clearances, and a minimum USD 130 million proceeds threshold.
Valuation and expected proceeds
OpenPayd shareholders are set to receive consideration based on a USD 800 million valuation, net of a share-based adviser fee.
Gross proceeds could reach about USD 276 million from Titan’s trust account, assuming no redemptions, before transaction expenses.
Amended filing advances planned merger
OpenPayd filed an amended Form F-4 registration statement for its planned merger with Titan Acquisition Corp., a step toward closing in Q4 2026.
The deal would take OpenPayd public on Nasdaq under ticker "OP," with implied pro forma equity value expected to exceed USD 1 billion.
