OpenPayd to Go Public via SPAC Merger with $1.145 Billion Valuation

2026-06-01 20:10

OpenPayd, a stablecoin payment infrastructure platform, has announced a definitive business combination agreement with special purpose acquisition company (SPAC) Titan Acquisition Corp. Upon completion of the transaction, OpenPayd will be listed on Nasdaq under the ticker symbol "OP," with a post-merger valuation of approximately $1.145 billion. The company, which provides stablecoin transaction services to clients such as eToro, Kraken, and OKX, expects to raise up to $276 million if Titan shareholders do not redeem their shares. The funds will be used to bolster OpenPayd's balance sheet and expand its financial infrastructure capabilities.

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