ACP Holdings Acquisition Corp. Class A Ordinary Shares
ACGCFinancial Services · Shell Companies
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $293.0M
- Price
- $10.07
- % Change (Daily % change from the live per-ticker quote feed.)
- +0.15%
- Volume
- 61.2K
About
ACP Holdings Acquisition Corp. operates as a special purpose acquisition company (SPAC), established with the exclusive objective of completing a business combination. This could encompass various transactions, including a merger, amalgamation, share swap, asset acquisition, share purchase, or a corporate reorganization, involving one or more existing enterprises. The entity was founded on January 28, 2026, and its principal offices are located in Houston, Texas.
Quick stats
Shares outstanding29.1M
Computed float21.5M
Float / shares74.0%
Key info
SectorFinancial Services
IndustryShell Companies
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0002111542
WebsiteUnknown
AI Summary
AI-generated1/2
criticalbullishm and a
May Mobility to Become the First U.S. Publicly Listed Pure-Play Autonomous Ride-Hail Technology Company Through a Business Combination with ACP Holdings Acquisition Corp.
ACP Holdings Acquisition Corp. (Nasdaq: ACGC) has signed a definitive agreement to combine with autonomous vehicle company May Mobility in a deal implying a pro forma enterprise value of approximately $1.4 billion; the combined company is expected to list on Nasdaq under ticker 'MAY' by year-end.
The transaction is expected to deliver up to $337 million in gross proceeds — up to $217 million from ACGC's trust account, subject to public shareholder redemptions, plus a fully committed $120 million PIPE co-anchored by an affiliate of sponsor Atlas Credit Partners.
May Mobility brings commercial traction — more than 550,000 autonomous rides across 1.1 million miles and partnerships with Uber, Lyft, Grab, CaoCao and Toyota — but generated only about $10 million of 2025 revenue at a 27% gross margin against roughly $93 million of annual cash burn.
Red flags
- Up to $217M of trust proceeds are subject to public shareholder redemptions — actual cash delivered could be materially lower
- Target generated only ~$10M of 2025 revenue against a ~$1.4B implied enterprise value (roughly 140x EV/revenue)
- May Mobility burned ~$93M in cash during 2025; significant ongoing funding needs even after the raise
- SaaS-like margin profile (up to 70% gross, up to 30% EBIT) is a long-term target, not current financials
- Closing remains subject to shareholder approvals of both companies and Nasdaq listing approval; expected by year-end