Market Chatter: Titan Acquisition Poised to Take OpenPayd Public Via SPAC Merger
MT Newswires Live
Jun 01
Titan Acquisition (TACH) is nearing a merger deal with OpenPayd that would take the London-based financial infrastructure firm public, Bloomberg News reported Monday, citing people with knowledge of the matter.
OpenPayd is set to merge with the blank-check company at an equity value of roughly $1.1 billion, the unnamed sources told the news outlet.
Titan Acquisition and OpenPayd didn't immediately respond to MT Newswires' requests for comment.
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