ACP Holdings Acquisition to merge with May Mobility in deal valuing AV ride-hail firm at USD 1.4 billion
ACGC•Deal proceeds and financing
Gross proceeds could reach up to USD 337 million, including up to USD 217 million from the trust and a USD 120 million PIPE.
Financial profile and use of funds
May Mobility generated about USD 10 million revenue in 2025, posting a 27% gross margin and USD 93 million cash burn.
Closing is expected by year-end, with proceeds earmarked for R&D, industrialization, supply chain investment, deployments, and working capital.
May Mobility to combine with ACP Holdings Acquisition
May Mobility agreed to combine with ACP Holdings Acquisition Corp., targeting a Nasdaq listing under the ticker MAY.
The deal implies a pro forma enterprise value of about USD 1.4 billion for May Mobility.
