May Mobility to Go Public via SPAC Deal with $1.4B Valuation
Self-driving technology company May Mobility has agreed to go public through a merger with ACP Holdings Acquisition Corp., a special purpose acquisition company (SPAC) affiliated with Atlas Credit Partners. The deal values the company at $1.4 billion and is expected to raise up to $337 million in gross proceeds, including funds from private investors via a PIPE financing. Unlike traditional robotaxi companies that own their fleets, May Mobility is transitioning toward an
Topics: Autonomous Vehicles Funding IPO SPACs