Titan Acquisition stock stays close to $10.40 with market watching $1.1B OpenPayd deal
Titan Acquisition Corp stock was quiet in premarket trading Friday, sticking around $10.40. Investors are watching the blank-check company's proposed merger with OpenPayd, a payments firm out of London. Titan shares didn’t move much. But the deal on the table is bigger. Titan is a SPAC, or special purpose acquisition company, basically a public shell that raises funds and merges with a private firm. The OpenPayd merger would take the focus off trust-based trading and put it on deal execution, redemption numbers and how public markets value fintechs.