EL7.AI
Mergers & AcquisitionsMedium•16 September 2026•
2 min read

May Mobility to List on Nasdaq via $1.4B SPAC Merger

Key Facts

1May Mobility entered a definitive business combination agreement with ACP Holdings Acquisition Corp at a $1.4 billion enterprise value.
2The deal includes a $120 million fully committed private investment in public equity (PIPE) from institutional investors.
3May Mobility maintains strategic partnerships with major ride-hailing platforms including Uber, Lyft, Grab, and CaoCao.

In a move reflecting the accelerating innovation within the smart mobility sector, May Mobility has announced a definitive business combination agreement with ACP Holdings Acquisition Corp at a $1.4 billion enterprise value. The transaction aims to establish May Mobility as the first U.S. publicly listed pure-play autonomous ride-hail technology company, utilizing an asset-light Autonomy-as-a-Service model. The deal is supported by a $120 million fully committed private investment in public equity (PIPE) from institutional investors to fund its expansion.

The company's strategy leverages strategic partnerships with major global ride-hailing platforms, including Uber, Lyft, Grab, and CaoCao, strengthening its competitive position. Per market data, NDAQ (Nasdaq Inc.) shares closed at $89.23 on September 15, 2026, having reached an intra-day high of $91.43. This listing comes as institutional interest focuses on autonomous driving technologies backed by substantial funding and established operational partnerships.

Traders should monitor NDAQ price levels, which stood at $89.23 at close on September 15, 2026, as the merger progresses toward completion. According to the economic calendar, there are no immediate corporate catalysts scheduled in the next week; however, the company is targeting the launch of commercial operations with Uber in Arlington, Texas, between Q4 2026 and Q1 2027, which remains a key milestone for investors.