Podcast – The Robotaxi Pure-Play: Inside May Mobility’s $1.48 Billion SPAC Deal (ACGC)

This week, we speak with Edwin Olson, CEO and Co-founder of May Mobility, and Andrew Sung, President and CFO of ACP Holdings Acquisition Corp. (NASDAQ:ACGC) to discuss the $1.48 billion business combination they announced in September.

There is more than one way to get an robotaxi on the road, but there are not currently ways for public market investors to invest in a pure play robotaxi business. One SPAC transaction heading to close now would change that.

Edwin explains why the company has committed to a capital-light focus on autonomous technology alone and allowed partners to complete the build around it. How has this affected how fast May Mobility has been able to get robotaxis on the road, and what tradeoffs does that strategy have around expenses and margin?

Andrew gets into how ACP decided that now was the right time to partner in bringing May Mobility to the public markets, and how his team approached putting a value on May Mobility as a one-of-kind business in the space.

Give it a listen.

Forward-Looking Statements and Important Disclosures

This podcast may contain forward-looking statements regarding the companies, transactions, technologies, business operations, and financial outlooks discussed. These statements involve risks and uncertainties, and actual results may differ materially from those expressed or implied. Listeners should review the relevant companies’ filings with the U.S. Securities and Exchange Commission (SEC) for additional information regarding risks and uncertainties.

Investors are urged to read all relevant SEC filings, including any registration statements, proxy statements/prospectuses, and other transaction-related documents, when available, before making any investment or voting decisions. These documents contain important information and are available free of charge at www.sec.gov.

In connection with any proposed business combination discussed, the transaction parties and certain of their respective directors, officers, and employees may be deemed participants in the solicitation of proxies. Information regarding such participants and their interests may be found in the relevant SEC filings.

This podcast is provided for informational purposes only and does not constitute investment advice, an offer to sell, or a solicitation of an offer to buy any securities. Views expressed by guests are their own and do not necessarily reflect those of SPACInsider.

SPACInsider produces its podcasts as independent editorial content and does not accept compensation in exchange for podcast appearances.