May Mobility to Become the First U.S. Publicly Listed Pure-Play Autonomous Ride-Hail Technology Company Through a Business Combination with ACP Holdings Acquisition Corp.

The business combination implies a pro forma enterprise value of approximately $1.4 billion for May Mobility Fully committed private investment in public equity (PIPE) of $120 million, including leading institutional investors Commercially proven physical AI: more than 550,000 commercial autonomous rides across 1.1 million miles and three driver-out launches in the United States to date May Mobility's multi-policy reasoning architecture is designed to enable deployment in new cities without the millions of miles of training data conventional AV systems have required, lowering time to market and capital intensity May Mobility's asset-light Autonomy-as-a-Service model brings together leading partners from across the ride-hail and mobility value chain...