NEW YORK, April 05, 2022–(Organization WIRE)–MDH Acquisition Corp. (NYSE: MDH, MDH.WS, MDH.U), a particular order acquisition firm with a emphasis on progress industries complementing the administration team’s qualifications, and Olive Ventures Holdings, Inc. (“olive.com”), the leader in payment expert services and on the web car defense plans, introduced these days that the firms have mutually agreed to terminate their previously declared agreement and system of merger (the “Company Mixture Arrangement”), powerful right away.
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Franklin McLarty, Executive Chairman of MDH Acquisition Corp., mentioned: “We have great admiration for the overall olive.com group. The company’s amazing development and disruption of the motor vehicle safety place is certainly incredible, and we desire them continued accomplishment in the journey forward. The MDH team will go on to check out options to assistance corporations that have unrecognized benefit, space to mature, planet-class administration, and leadership in a sector the place MDH has deep experience and interactions.”
Rebecca Howard, Founder and CEO of olive.com, claimed: “Our group is deeply grateful for MDH’s guidance all over this procedure, and, after considerably consideration, the two parties have determined it is the best long-expression technique to terminate the contemplated merger. I am enormously happy of our crew for continuing to execute on olive.com’s strategic advancement ideas with a relentless emphasis on offering our industry major engineering platforms and payment remedy options to our valued customers.”
Supplemental data about the termination of the Small business Blend Arrangement will be offered in a Present Report on Form 8-K to be submitted by MDH Acquisition Corp. with the SEC and available at www.sec.gov.
About MDH Acquisition Corp.:
MDH Acquisition Corp. (NYSE: MDH) was shaped with the target of accelerating the progress of a private firm that is well capitalized, profitable and all set to grow to be a publicly traded organization. MDH focuses on industries that complement the administration team’s history and verified enterprise-making capabilities. MDH is led by Government Chairman Franklin McLarty, Vice Chairman Jim Wilkinson, CEO Beau Blair and CFO Brent Whittington.
About olive.com:
olive.com, the chief in payment expert services and on the internet automobile security plans, was built to give buyers peace of mind. Car safety plans include mechanical failure of the car or truck just after the manufacturer’s warranty has expired. With olive.com, shoppers are now equipped to invest in a motor vehicle defense system direct, with no pressure, from the comfort and ease of their property. olive.com provides a selection of protection and deductible choices to suit any price range, and their solutions are approachable, very affordable, transparent and user-pleasant – authentic alternative, all digital at any time working day or night time. Started in 2006 and headquartered in Chicago, Illinois, olive.com merchandise, buyer company, and popularity for excellence have attained it an A+ ranking with the Greater Enterprise Bureau (BBB) and partnerships with foremost insurance coverage providers and globally regarded models. For more details, make sure you pay a visit to https://olive.com/.
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Contacts
MDH Acquisition Corp.
Kelly Wallace
[email protected]
917-991-6308
olive.com
Justin Thomas
[email protected]
773-387-0025