May Mobility to go public via ACP Holdings Acquisition deal valuing company at USD 1.4 billion
ACGC•Business and operating scale
May Mobility reported more than 550,000 commercial autonomous rides covering 1.1 million miles across the U.S. and Japan.
Expected proceeds and listing plans
The deal is expected to deliver up to $337 million in gross proceeds, subject to shareholder redemptions.
The combined company is expected to trade on Nasdaq under ticker MAY once the transaction closes.
May Mobility plans public listing via ACP Holdings Acquisition
May Mobility announced plans on Sept. 16 to go public via a business combination with ACP Holdings Acquisition Corp.
The transaction implies a pro forma enterprise value of about $1.4 billion.
