May Mobility to go public via $1.4 billion SPAC merger with ACP Holdings

Autonomous ride-hailing company May Mobility is merging with special purpose acquisition company ACP Holdings Acquisition Corp., a deal that could raise over $300 million and value the combined company at $1.4 billion. May Mobility says it will become the first U.S. public company focused solely on autonomous ride-hailing, distinguishing itself from broader autonomy players like Tesla, Waymo and Aurora.