May Mobility, Inc. ("May Mobility"), a global autonomous vehicle (AV) technology company, and ACP Holdings Acquisition Corp. (NASDAQ:ACGC) ("ACP Holdings"), a publicly traded special purpose acquisition company, today announced that they have entered into a definitive business combination agreement. The transaction is expected to position May Mobility as the first U.S. publicly listed pure-play autonomous ride-hail technology company. The business combination implies a pro forma enterprise value of approximately $1.4 billion. The transaction is expected to deliver gross proceeds of up to $337 million, subject to redemptions by ACP Holdings' public stockholders. Upon the closing of the transaction, the combined company is expected to operate as "May Mobility, Inc." and list on the Nasdaq Stock Market under the ticker symbol "MAY."