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.
OpenPayd to Go Public via SPAC Merger with $1.145 Billion Valuation
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
