Titan Acquisition agrees to $800M merger with OpenPayd, requires $130M minimum proceeds

Filed May 31, 2026 · Period ending June 1, 2026 · ~1 min read

Key Changes

• high

  SPAC Titan Acquisition signed definitive agreement to merge with UK-based OpenPayd Holdings at $800M valuation. OpenPayd shareholders receive PubCo stock worth this amount less advisor fees.

  Item 1.01: Business Combination Agreement verify on EDGAR →
• high

  Deal requires minimum $130M in transaction proceeds to close. Either party can walk away if redemptions or financing shortfalls drop proceeds below this threshold.

  Item 1.01: Minimum Proceeds verify on EDGAR →
• medium

  Half of sponsor shares subject to earnout vesting over 5 years: 25% vest at $11.50 stock price (20 of 30 days), another 25% at $13.00, aligning sponsor with post-merger performance.

  Item 1.01: Sponsor Earnout verify on EDGAR →