OpenPayd Nears SEC Review Completion for $1.1 Billion Titan…

AI summary of the source article

Payments infrastructure provider OpenPayd is in the late stages of SEC review for its proposed Nasdaq listing through a business combination with Titan Acquisition Corp. The transaction targets completion in late 2026, modeling a pro forma equity value of $1.25 billion, subject to shareholder approval, registration effectiveness, and PIPE financing. OpenPayd generated $72.7 million in revenue for the fiscal year ended April 30, 2026, alongside expanding stablecoin orchestration revenue. The London-based company plans to leverage the listing proceeds to finance acquisitions, build U.S. regulatory licensing, and integrate fiat rails with blockchain-based settlement networks.

Why it matters

The listing provides OpenPayd public capital to accelerate its entry into the U.S. payments market and expand infrastructure linking conventional banking networks with stablecoins.

Key facts

• OpenPayd's proposed merger with Titan Acquisition Corp models a pro forma equity value of roughly $1.25 billion and an enterprise value of $881 million.
• The company secured access to 43 U.S. state money transmitter licenses by acquiring MSB USA Inc. ahead of a targeted U.S. launch by April 2027.
• OpenPayd reported $72.7 million in revenue and $12.5 million in EBITDA for the year ended April 30, 2026, with a net loss of $2.8 million due to $5.8 million in transaction costs.