NEW YORK, April 05, 2022–(Business WIRE)–MDH Acquisition Corp. (NYSE: MDH, MDH.WS, MDH.U), a particular acquire acquisition firm with a emphasis on expansion industries complementing the management team’s history, and Olive Ventures Holdings, Inc. (“olive.com”), the leader in payment expert services and on the web auto protection options, announced now that the businesses have mutually agreed to terminate their earlier announced arrangement and system of merger (the “Small business Mix Arrangement”), productive immediately.
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Franklin McLarty, Govt Chairman of MDH Acquisition Corp., stated: “We have huge admiration for the total olive.com group. The company’s spectacular advancement and disruption of the vehicle protection place is certainly incredible, and we would like them continued results in the journey ahead. The MDH staff will go on to check out prospects to assist businesses that have unrecognized price, area to improve, environment-course management, and leadership in a sector wherever MDH has deep know-how and associations.”
Rebecca Howard, Founder and CEO of olive.com, stated: “Our team is deeply grateful for MDH’s assist during this system, and, immediately after a lot consideration, each get-togethers have resolved it is the ideal prolonged-phrase approach to terminate the contemplated merger. I am enormously very pleased of our crew for continuing to execute on olive.com’s strategic expansion ideas with a relentless concentration on furnishing our market primary technological innovation platforms and payment alternative designs to our valued clients.”
Additional info about the termination of the Enterprise Mix Arrangement will be provided in a Latest Report on Variety 8-K to be filed by MDH Acquisition Corp. with the SEC and available at www.sec.gov.
About MDH Acquisition Corp.:
MDH Acquisition Corp. (NYSE: MDH) was fashioned with the target of accelerating the expansion of a non-public firm that is perfectly capitalized, rewarding and all set to come to be a publicly traded firm. MDH focuses on industries that enhance the management team’s qualifications and demonstrated company-making talents. MDH is led by Executive Chairman Franklin McLarty, Vice Chairman Jim Wilkinson, CEO Beau Blair and CFO Brent Whittington.
olive.com, the chief in payment expert services and on-line car security programs, was designed to give consumers peace of intellect. Motor vehicle protection designs include mechanical failure of the motor vehicle soon after the manufacturer’s guarantee has expired. With olive.com, people are now in a position to obtain a auto security plan immediate, with no strain, from the ease and comfort of their home. olive.com offers a vary of coverage and deductible alternatives to suit any funds, and their merchandise are approachable, economical, clear and user-welcoming – serious alternative, all electronic at any time day or night. Launched in 2006 and headquartered in Chicago, Illinois, olive.com products, buyer assistance, and popularity for excellence have gained it an A+ ranking with the Better Enterprise Bureau (BBB) and partnerships with leading insurance policy companies and globally recognized makes. For a lot more info, be sure to stop by https://olive.com/.
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MDH Acquisition Corp.