Titan Acquisition Corp. functions as a special purpose acquisition company (SPAC), specifically created to undertake a business combination. Its core objective is to execute a strategic transaction, which may include a merger, share exchange, asset purchase, equity acquisition, or corporate reorganization, with one or more target entities. The firm was established on January 11, 2024, and its main operational base is located in Brooklyn, New York.
OpenPayd Announces Filing of Amendment No. 1 to Registration Statement on Form F-4 in Connection with its Proposed Business Combination with Titan Acquisition Corp (Nasdaq: TACH)
OpenPayd and Titan Acquisition Corp filed Amendment No. 1 to the Form F-4 registration statement regarding their proposed business combination.
The transaction implies an equity value exceeding $1 billion and is expected to provide up to $276 million in gross proceeds from Titan’s trust account, assuming no redemptions.
Closing is anticipated in Q4 2026, subject to shareholder approval, with the combined company set to list on Nasdaq under the ticker symbol 'OP'.