MDH Acquisition Corp. and Olive Ventures Holdings, Inc. Mutually Agree to Terminate Business Combination Agreement
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NEW YORK, April 05, 2022–(Company WIRE)–MDH Acquisition Corp. (NYSE: MDH, MDH.WS, MDH.U), a special obtain acquisition organization with a target on progress industries complementing the management team’s track record, and Olive Ventures Holdings, Inc. (“olive.com”), the leader in payment providers and on the internet vehicle protection strategies, announced nowadays that the corporations have mutually agreed to terminate their formerly announced arrangement and plan of merger (the “Business Blend Settlement”), efficient promptly.
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Franklin McLarty, Government Chairman of MDH Acquisition Corp., stated: “We have incredible admiration for the entire olive.com staff. The company’s amazing development and disruption of the motor vehicle defense space is certainly remarkable, and we desire them ongoing accomplishment in the journey forward. The MDH crew will continue on to check out chances to help companies that have unrecognized value, home to grow, globe-course management, and leadership in a sector in which MDH has deep skills and relationships.”
Rebecca Howard, Founder and CEO of olive.com, stated: “Our workforce is deeply grateful for MDH’s aid throughout this system, and, right after much thing to consider, both of those functions have made a decision it is the ideal extensive-expression strategy to terminate the contemplated merger. I am enormously happy of our crew for continuing to execute on olive.com’s strategic growth programs with a relentless concentration on furnishing our sector leading technological innovation platforms and payment remedy ideas to our valued purchasers.”
Supplemental data about the termination of the Organization Mix Arrangement will be delivered in a Recent Report on Sort 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 fashioned with the goal of accelerating the advancement of a private enterprise that is nicely capitalized, profitable and ready to turn into a publicly traded company. MDH focuses on industries that complement the administration team’s history and verified small business-developing talents. 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 services and on the web car safety ideas, was crafted to give shoppers peace of mind. Car safety programs cover mechanical failure of the motor vehicle following the manufacturer’s guarantee has expired. With olive.com, shoppers are now capable to get a vehicle safety plan direct, with no stress, from the comfort of their dwelling. olive.com gives a assortment of protection and deductible selections to go well with any funds, and their products are approachable, very affordable, transparent and consumer-helpful – true decision, all digital at any time day or evening. Launched in 2006 and headquartered in Chicago, Illinois, olive.com merchandise, customer company, and popularity for excellence have attained it an A+ ranking with the Much better Business Bureau (BBB) and partnerships with leading insurance policies organizations and globally acknowledged brand names. For extra information, remember to visit 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
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