Titan Acquisition Corp (TACH)

Titan Acquisition Corp (NASDAQ: TACH) filed its Q2 2026 10-Q report, revealing a trust account balance of $290.7 million, an increase from the previous period. The company reported a net income of $3.9 million for the first six months of 2026 and confirmed its status as a shell company. Its securities are traded on The Nasdaq Stock Market LLC.

Titan Acquisition Corp (TACH), a Cayman Islands SPAC, reported a net income of $3.9 million for the first six months of 2026, primarily due to interest income from its Trust Account, despite a working capital deficit. The company has signed an $800 million Business Combination Agreement with OpenPayd Global Holdings Limited, which remains conditional on shareholder approval and other factors. TACH also disclosed substantial doubt about its ability to continue as a going concern if the transaction is not completed by its mandatory liquidation date of April 10, 2027.

OpenPayd Global Holdings Limited and Titan Acquisition Corp (TACH) are moving forward with a proposed business combination that will lead to OpenPayd becoming a Nasdaq-listed public company under the ticker "OP". The combined entity is projected to have an implied pro forma equity value exceeding $1 billion, with OpenPayd shareholders receiving consideration based on an $800 million valuation. The transaction is expected to close in the fourth quarter of 2026, subject to regulatory and shareholder approvals.

Filed by OpenPayd Global Holdings LimitedPursuant to Rule 425under the Securities Act of 1933, as amendedand deemed filed pursuant to Rule 14a-12under the Securities Exchange Act of 1934, as amendedSubject Company: Titan Acquisition CorpCommission File No.: ...

OpenPayd Global Holdings and Titan Acquisition Corp (Nasdaq: TACH) announced the filing of Amendment No. 1 to their Form F-4 registration statement with the SEC, moving closer to a business combination that will see OpenPayd listed on Nasdaq under the ticker "OP". The transaction implies a pro forma equity value of over $1 billion for the combined company, with OpenPayd shareholders receiving consideration based on an $800 million valuation. The merger is targeted for Q4 2026, subject to shareholder and regulatory approvals, and OpenPayd has reported over $240 billion in annualized transaction volume.