MDH Acquisition Corp. and Olive Ventures Holdings, Inc. Mutually Agree to Terminate Business Combination Agreement
3 min readNEW YORK, April 05, 2022–(Business enterprise WIRE)–MDH Acquisition Corp. (NYSE: MDH, MDH.WS, MDH.U), a special buy acquisition organization with a emphasis on growth industries complementing the administration team’s background, and Olive Ventures Holdings, Inc. (“olive.com”), the chief in payment products and services and online motor vehicle protection programs, announced now that the providers have mutually agreed to terminate their beforehand declared arrangement and program of merger (the “Organization Mixture Arrangement”), efficient immediately.
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Franklin McLarty, Executive Chairman of MDH Acquisition Corp., said: “We have tremendous admiration for the whole olive.com group. The company’s extraordinary advancement and disruption of the car security room is really incredible, and we wish them continued accomplishment in the journey forward. The MDH crew will proceed to investigate chances to guidance businesses that have unrecognized benefit, room to improve, planet-class management, and management in a sector wherever MDH has deep skills and interactions.”
Rebecca Howard, Founder and CEO of olive.com, mentioned: “Our group is deeply grateful for MDH’s help in the course of this method, and, soon after much consideration, both parties have resolved it is the very best prolonged-term strategy to terminate the contemplated merger. I am enormously very pleased of our group for continuing to execute on olive.com’s strategic growth designs with a relentless concentrate on providing our business leading know-how platforms and payment remedy ideas to our valued consumers.”
Added details about the termination of the Organization Combination Settlement will be presented in a Latest Report on Form 8-K to be submitted by MDH Acquisition Corp. with the SEC and obtainable at www.sec.gov.
About MDH Acquisition Corp.:
MDH Acquisition Corp. (NYSE: MDH) was shaped with the objective of accelerating the growth of a non-public corporation that is perfectly capitalized, rewarding and prepared to turn out to be a publicly traded corporation. MDH focuses on industries that complement the management team’s history and proven organization-creating abilities. MDH is led by Govt Chairman Franklin McLarty, Vice Chairman Jim Wilkinson, CEO Beau Blair and CFO Brent Whittington.
About olive.com:
olive.com, the leader in payment expert services and online auto defense designs, was built to give prospects peace of head. Auto protection ideas deal with mechanical failure of the automobile immediately after the manufacturer’s warranty has expired. With olive.com, buyers are now capable to invest in a motor vehicle safety plan immediate, with no force, from the comfort of their household. olive.com delivers a selection of protection and deductible choices to accommodate any budget, and their products and solutions are approachable, economical, transparent and person-pleasant – real selection, all digital at any time working day or night. Launched in 2006 and headquartered in Chicago, Illinois, olive.com goods, consumer provider, and reputation for excellence have acquired it an A+ score with the Improved Business enterprise Bureau (BBB) and partnerships with foremost insurance plan providers and globally recognized makes. For extra data, remember to stop by 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
