Market Chatter: Titan Acquisition Poised to Take OpenPayd Public Via SPAC Merger

MT Newswires Live

06/01

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.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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