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ACP Holdings Acquisition to merge with May Mobility in deal valuing AV ride-hail firm at USD 1.4 billion

PUBT·09/16/2026 12:31:50
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ACP Holdings Acquisition to merge with May Mobility in deal valuing AV ride-hail firm at USD 1.4 billion
  • 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.
  • Gross proceeds could reach up to USD 337 million, including up to USD 217 million from the trust and a USD 120 million PIPE.
  • 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.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ACP Holdings Acquisition Corp. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202609160830PR_NEWS_USPR_____DA49051) on September 16, 2026, and is solely responsible for the information contained therein.