May Mobility to Go Public on Nasdaq Through $1.4 Billion SPAC Merger

Autonomous ride-hailing technology firm May Mobility has agreed to go public in the U.S. through a $1.4 billion deal with blank-check firm ACP Holdings Acquisition. The transaction is expected to generate up to $337 million in gross proceeds, including a $120 million PIPE. May Mobility expects to trade on the Nasdaq under the ticker symbol 'MAY' after the deal closes, marking a significant public market debut.