NEW YORK, April 05, 2022–(Business WIRE)–MDH Acquisition Corp. (NYSE: MDH, MDH.WS, MDH.U), a unique buy acquisition business with a emphasis on development industries complementing the management team’s background, and Olive Ventures Holdings, Inc. (“olive.com”), the leader in payment services and online motor vehicle defense programs, announced currently that the providers have mutually agreed to terminate their formerly introduced agreement and prepare of merger (the “Business enterprise Mix Agreement”), effective right away.
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Franklin McLarty, Govt Chairman of MDH Acquisition Corp., said: “We have incredible admiration for the overall olive.com crew. The company’s extraordinary development and disruption of the auto security room is definitely remarkable, and we wish them ongoing good results in the journey forward. The MDH crew will proceed to check out chances to assistance corporations that have unrecognized worth, home to grow, world-course management, and management in a sector exactly where MDH has deep expertise and associations.”
Rebecca Howard, Founder and CEO of olive.com, reported: “Our crew is deeply grateful for MDH’s guidance during this process, and, just after considerably consideration, both get-togethers have decided it is the most effective extended-term method to terminate the contemplated merger. I am enormously happy of our staff for continuing to execute on olive.com’s strategic advancement designs with a relentless aim on giving our industry major know-how platforms and payment option ideas to our valued shoppers.”
Supplemental details about the termination of the Small business Combination Arrangement will be presented in a Latest Report on Form 8-K to be submitted by MDH Acquisition Corp. with the SEC and readily available at www.sec.gov.
About MDH Acquisition Corp.:
MDH Acquisition Corp. (NYSE: MDH) was shaped with the objective of accelerating the progress of a private corporation that is properly capitalized, financially rewarding and all set to grow to be a publicly traded corporation. MDH focuses on industries that complement the management team’s track record and proven business-constructing abilities. MDH is led by Executive Chairman Franklin McLarty, Vice Chairman Jim Wilkinson, CEO Beau Blair and CFO Brent Whittington.
olive.com, the chief in payment solutions and on the web vehicle safety options, was built to give clients peace of intellect. Automobile defense strategies deal with mechanical failure of the car or truck after the manufacturer’s warranty has expired. With olive.com, consumers are now in a position to get a automobile security plan immediate, with no strain, from the comfort and ease of their residence. olive.com offers a vary of protection and deductible choices to go well with any budget, and their products are approachable, affordable, clear and consumer-pleasant – true decision, all electronic at any time working day or night. Started in 2006 and headquartered in Chicago, Illinois, olive.com products, consumer services, and standing for excellence have acquired it an A+ score with the Greater Enterprise Bureau (BBB) and partnerships with leading insurance plan businesses and globally identified makes. For much more data, please visit https://olive.com/.
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MDH Acquisition Corp.