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 specific order acquisition organization with a concentration on progress industries complementing the administration team’s track record, and Olive Ventures Holdings, Inc. (“olive.com”), the chief in payment providers and on the net automobile defense options, introduced these days that the companies have mutually agreed to terminate their previously announced agreement and strategy of merger (the “Business enterprise Mix Agreement”), effective right away.
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Franklin McLarty, Executive Chairman of MDH Acquisition Corp., stated: “We have incredible admiration for the overall olive.com team. The company’s remarkable progress and disruption of the motor vehicle safety space is truly amazing, and we want them ongoing achievement in the journey forward. The MDH workforce will proceed to explore alternatives to guidance firms that have unrecognized value, home to grow, entire world-course management, and management in a sector in which MDH has deep skills and relationships.”
Rebecca Howard, Founder and CEO of olive.com, stated: “Our team is deeply grateful for MDH’s assistance through this method, and, just after significantly thing to consider, both of those events have made a decision it is the very best very long-term technique to terminate the contemplated merger. I am enormously very pleased of our crew for continuing to execute on olive.com’s strategic expansion programs with a relentless emphasis on delivering our sector primary technological know-how platforms and payment alternative ideas to our valued shoppers.”
Additional details about the termination of the Business Mixture Settlement will be delivered in a Present Report on Kind 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 formed with the target of accelerating the development of a personal business that is very well capitalized, lucrative and prepared to grow to be a publicly traded firm. MDH focuses on industries that enhance the administration team’s qualifications and confirmed business enterprise-creating abilities. 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 companies and on-line car or truck defense strategies, was developed to give clients peace of thoughts. Car safety designs protect mechanical failure of the car just after the manufacturer’s guarantee has expired. With olive.com, customers are now able to invest in a auto protection system immediate, with no tension, from the comfort and ease of their household. olive.com delivers a selection of coverage and deductible possibilities to go well with any finances, and their items are approachable, inexpensive, clear and person-welcoming – actual alternative, all digital at any time day or night. Launched in 2006 and headquartered in Chicago, Illinois, olive.com items, consumer service, and popularity for excellence have earned it an A+ score with the Superior Small business Bureau (BBB) and partnerships with top insurance policy providers and globally recognized brands. For extra info, please 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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