VENDOR · GLOBAL
OpenPayd SPAC merger targets Nasdaq listing at $1.145 billion valuation
OpenPayd, a financial infrastructure and embedded payments provider, agreed to a SPAC merger to list on Nasdaq. The deal values the company at $1.145 billion, positioning OpenPayd as a public payments-infrastructure play.
WHY IT MATTERS
SPAC route signals fintech infrastructure vendors seeking scale liquidity; valuation reflects investor appetite for core payments and API-driven plumbing despite broader fintech downturn.
Source: Finextra · 2026-06-01