M&A
confidence high
sentiment neutral
materiality 1.00
ACP Holdings to merge with May Mobility in $1.35B stock deal
ACP Holdings Acquisition Corp.
- May Mobility acquired at $1.35B purchase price; consideration in ACP common stock valued at $10.00/share.
- Deal expected to close on or before May 26, 2027, subject to ACP shareholder and May Mobility stockholder approvals, HSR clearance.
- Sponsor (Union Street) to transfer 1,375,000 founder shares to PIPE investors; earnout shares vest at $11-$14 VWAP targets.
- Post-closing board: May Mobility designees hold majority; ACP and Maestro each designate one director.
- Closing requires at least $120M in trust proceeds plus PIPE investment.