Appleby Advises Titan Acquisition Corp. in Its USD1.145 Billion Definitive Business Combination with OpenPayd
Appleby is pleased to have acted as Cayman Islands legal counsel to Titan Acquisition Corp., a special purpose acquisition company focused on high-growth fintech businesses listed on the Nasdaq Capital Market (Nasdaq) under the ticker symbol “TACHU,” in connection with its definitive business combination agreement with OpenPayd. The transaction values OpenPayd at approximately USD1.145 billion. Upon completion of the transaction, OpenPayd is expected to become a publicly traded company listed on Nasdaq under the ticker symbol “OP.”
OpenPayd’s financial infrastructure platform operates at the intersection of traditional finance and digital assets, enabling businesses to move and manage money seamlessly across fiat rails, blockchain networks and stablecoins.
Appleby advised on all Cayman Islands legal aspects of the transaction, drawing on its extensive experience in cross-border mergers and capital markets transactions.
The Appleby Mergers & Acquisitions team was led by Partner Alexandra Low, Senior Associate Alejandra Gonzalez Saucedo, Legal Manager Kelly Tang, and Paralegal Sophia Cunningham with other members of the corporate team.
Appleby continues to play a key role in major public merger and acquisitions and public-market transactions worldwide.
