May Mobility agrees to $1.4 billion SPAC combination
May Mobility signed a definitive agreement to combine with ACP Holdings ($ACGC) Acquisition Corp., in a transaction implying a pro forma enterprise value of approximately $1.4 billion. The autonomous-driving company could receive up to $337 million in gross proceeds, including $120 million of committed private investment and approximately $217 million held in the SPAC’s trust before redemptions. The business has reported more than 550,000 commercial autonomous rides and 1.1 million miles of oper
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