ACP Holdings to merge with May Mobility in $1.35B SPAC deal
ACP Holdings Acquisition signed a business combination agreement to merge with May Mobility in a stock-for-stock SPAC transaction valuing May Mobility at $1.35 billion, backed by a $120 million PIPE of 12% convertible preferred with matching warrants.
35 billion. The deal includes a $120 million PIPE of 12% convertible preferred securities with matching warrants, along with voting and lock-up terms.