MDH Acquisition Corp. and Olive Ventures Holdings, Inc. Mutually Agree to Terminate Business Combination Agreement
NEW YORK, April 05, 2022–(Enterprise WIRE)–MDH Acquisition Corp. (NYSE: MDH, MDH.WS, MDH.U), a exclusive purchase acquisition enterprise with a emphasis on expansion industries complementing the administration team’s track record, and Olive Ventures Holdings, Inc. (“olive.com”), the leader in payment expert services and on the internet car security strategies, introduced currently that the companies have mutually agreed to terminate their earlier declared settlement and system of merger (the “Organization Mix Settlement”), helpful right away.
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Franklin McLarty, Executive Chairman of MDH Acquisition Corp., claimed: “We have remarkable admiration for the entire olive.com workforce. The company’s extraordinary growth and disruption of the auto safety area is actually amazing, and we desire them continued accomplishment in the journey forward. The MDH workforce will proceed to examine options to assist companies that have unrecognized price, area to expand, entire world-class management, and leadership in a sector where by MDH has deep skills and relationships.”
Rebecca Howard, Founder and CEO of olive.com, reported: “Our team is deeply grateful for MDH’s assistance through this course of action, and, just after significantly thought, each functions have determined it is the ideal long-time period system to terminate the contemplated merger. I am enormously proud of our crew for continuing to execute on olive.com’s strategic expansion programs with a relentless concentrate on providing our marketplace leading engineering platforms and payment answer ideas to our valued clientele.”
More facts about the termination of the Organization Mixture Agreement will be presented in a Existing Report on Type 8-K to be submitted by MDH Acquisition Corp. with the SEC and accessible at www.sec.gov.
About MDH Acquisition Corp.:
MDH Acquisition Corp. (NYSE: MDH) was formed with the intention of accelerating the progress of a personal organization that is effectively capitalized, profitable and ready to turn into a publicly traded enterprise. MDH focuses on industries that enhance the management team’s qualifications and confirmed small business-developing 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 providers and on the net car or truck security ideas, was constructed to give consumers peace of head. Motor vehicle security plans include mechanical failure of the car right after the manufacturer’s warranty has expired. With olive.com, customers are now equipped to get a vehicle security plan direct, with no pressure, from the comfort and ease of their household. olive.com presents a assortment of protection and deductible selections to accommodate any spending budget, and their products and solutions are approachable, affordable, clear and consumer-helpful – authentic preference, all digital at any time working day or night time. Launched in 2006 and headquartered in Chicago, Illinois, olive.com items, customer assistance, and popularity for excellence have gained it an A+ ranking with the Far better Small business Bureau (BBB) and partnerships with leading insurance companies and globally recognized models. For far more facts, make sure you 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
