The business combination implies a pro forma enterprise value of approximately $1.4 billion for May Mobility Fully committed private investment in public equity (PIPE) of $120 million, including leading institutional investors Commercially proven physical AI: more than 550,000 commercial autonomous rides across 1.1 million miles and three driver-out launches in the United States to date May Mobility's multi-policy reasoning architecture is designed to enable deployment in new cities without the millions of miles of training data conventional AV systems have required, lowering time to market and capital intensity May Mobility's asset-light Autonomy-as-a-Service model brings together leading partners from across the ride-hail and mobility value chain May Mobility's partnerships with Uber, Lyft, Grab and CaoCao position it as the only autonomous vehicle company partnered with four of the world's leading ride-hailing platforms Grab's partnership with and investment in May Mobility, announced in 2025, will support the company's continued expansion efforts ANN ARBOR, Mich., Sept. 16, 2026 /PRNewswire/ -- 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.