OpenPayd Secures 43 U.S. State Licences, ARR Tops $96M Ahead of Nasdaq Listing
TACH is trading near its 52-week low of $10 (4.9% above the low) on light trading volume (0.1× avg).
Summary
OpenPayd, the target of Titan Acquisition Corp.'s SPAC merger, has acquired 43 state Money Transmitter Licences through the integration of MSB USA Inc., giving it broad U.S. market access. The company also disclosed ARR exceeding $96 million as of July 31, 2026, annualized transaction volume above $300 billion, profitability, and over 1,200 clients including Kraken and eToro. This follows the June merger agreement and the August investor deck that valued the combined entity at $881.2 million pro forma enterprise value. The licence acquisition removes a key regulatory hurdle for U.S. expansion and strengthens the growth narrative ahead of the expected Q4 2026 Nasdaq listing under ticker 'OP'. The deal is subject to Titan shareholder approval and customary closing conditions.
At the time of this announcement, TACH was trading at $10.49 on NASDAQ in the Finance sector, with a market capitalization of approximately $361.9M. The 52-week trading range was $10.00 to $10.59. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Chainwire.