Transaction expected to result in OpenPayd becoming a Nasdaq-listed public company under the ticker symbol "OP".

Combined company expected to have an implied pro forma equity value exceeding $1 billion, with up to approximately $276 million in gross proceeds available from Titan’s trust account, assuming no redemptions by Titan public shareholders.

LONDON & NEW YORK, Aug. 03, 2026 (GLOBE NEWSWIRE) -- OpenPayd Global Holdings Limited ("PubCo"), OpenPayd Holdings Limited ("OpenPayd" or the "Company"), a global financial infrastructure platform for programmable money movement, and Titan Acquisition Corp ("Titan") (NASDAQ:TACH, TACHU, TACHW))), a publicly traded special purpose acquisition company focused on high-growth financial technology businesses, today announced that PubCo has filed its first amendment to its registration statement on Form F-4 with the U.S. Securities and Exchange Commission (the "SEC") in connection with the previously announced proposed business combination among OpenPayd, PubCo and Titan.

The registration statement contains a preliminary proxy statement/prospectus in connection with the proposed business combination and, after the registration statement is declared effective by the SEC, the definitive proxy statement/prospectus will be mailed to Titan shareholders as of the record date to be established for voting on the proposed business combination. The filing of the registration statement represents an important step toward completing the transaction, which is expected to result in OpenPayd becoming a publicly traded company listed on the Nasdaq Stock Market under the ticker symbol "OP," subject to satisfaction or waiver of customary closing conditions, including approval by Titan shareholders, effectiveness of the registration statement and approval for listing of the combined company’s securities on Nasdaq.

OpenPayd and Titan previously announced that they had entered into a definitive business combination agreement dated June 1, 2026. Under the terms of the business combination agreement, Titan will merge with and into PubCo, with PubCo surviving the merger, and PubCo will acquire the issued share capital of OpenPayd. Upon completion of the proposed business combination, OpenPayd is expected to become a wholly owned subsidiary of PubCo, and PubCo is expected to be the publicly listed parent company of the combined business. The transaction contemplates aggregate consideration to OpenPayd shareholders based on a value of $800 million, less a share-based transaction fee payable to an adviser, and is expected to provide OpenPayd with up to approximately $276 million in gross proceeds from Titan’s trust account, assuming no redemptions by Titan public shareholders and before payment of transaction expenses.

OpenPayd is a financial infrastructure platform focused on programmable money movement, connecting traditional financial rails with digital asset networks. Through a single API, OpenPayd enables businesses to access global accounts, FX, domestic and cross-border payments, open banking capabilities and stablecoin on- and off-ramp infrastructure. OpenPayd has reported more than $240 billion in annualized transaction volume, and serves customers across numerous jurisdictions, including businesses operating in the digital assets, trading, payments and embedded finance sectors.

The proposed business combination has been approved by the boards of directors of OpenPayd and Titan and is expected to close in the fourth quarter of 2026, subject to the satisfaction or waiver of customary closing conditions, including the effectiveness of the registration statement, approval by Titan shareholders, receipt of applicable regulatory approvals, approval of PubCo’s securities for listing on Nasdaq and satisfaction of a minimum aggregate transaction proceeds condition of $130 million. Titan and OpenPayd have also entered into certain related agreements in connection with the proposed business combination, including shareholder support arrangements, sponsor support arrangements and sponsor earnout arrangements designed to align incentives with the long-term performance of the combined company.