May Mobility to List on Nasdaq via $1.4 Billion SPAC Deal

May Mobility is going public in a $1.4B SPAC deal

The deal could net the asset-light robotaxi company more than $300 million in funding.

May Mobility to go public in SPAC deal at $1.4B valuation

May Mobility to list on Nasdaq via $1.4 billion SPAC deal

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...

Robotaxi Firm Posting $10M Annual Revenue Goes Public Through $1.4B SPAC Deal

May Mobility is asking public-market investors to back a $1.4 billion enterprise value while the autonomous-driving company is still generating only about $10 million of annual revenue, betting that an asset-light licensing model can close the gap between its current scale and its expansion plans. The Ann Arbor, Michigan-based company said it agreed to merge with ACP Holdings Acquisition […] The post Robotaxi Firm Posting $10M Annual Revenue Goe…

May Mobility to go public via SPAC deal valuing it at $1.4B

May Mobility, Inc. announced on Wednesday that it reached a definitive merger agreement with a special purpose acquisition company (SPAC), ACP Holdings Acquisition Corp., at a valuation of approximate...