NEW YORK, April 05, 2022–(Organization WIRE)–MDH Acquisition Corp. (NYSE: MDH, MDH.WS, MDH.U), a exclusive invest in acquisition corporation with a emphasis on growth industries complementing the administration team’s track record, and Olive Ventures Holdings, Inc. (“olive.com”), the chief in payment services and online car or truck protection options, announced now that the providers have mutually agreed to terminate their previously declared settlement and system of merger (the “Enterprise Mix Agreement”), efficient instantly.
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Franklin McLarty, Executive Chairman of MDH Acquisition Corp., claimed: “We have tremendous admiration for the overall olive.com staff. The company’s outstanding development and disruption of the auto defense area is really amazing, and we would like them continued achievement in the journey in advance. The MDH group will keep on to take a look at prospects to aid providers that have unrecognized worth, place to increase, globe-course administration, and management in a sector exactly where MDH has deep expertise and relationships.”
Rebecca Howard, Founder and CEO of olive.com, said: “Our team is deeply grateful for MDH’s help all over this process, and, following significantly consideration, the two get-togethers have made the decision it is the finest extended-term technique to terminate the contemplated merger. I am enormously proud of our group for continuing to execute on olive.com’s strategic development options with a relentless target on supplying our field leading technological know-how platforms and payment resolution strategies to our valued clientele.”
Further details about the termination of the Small business Combination Arrangement will be furnished in a Present Report on Type 8-K to be submitted by MDH Acquisition Corp. with the SEC and out there at www.sec.gov.
About MDH Acquisition Corp.:
MDH Acquisition Corp. (NYSE: MDH) was formed with the intention of accelerating the growth of a personal corporation that is well capitalized, financially rewarding and all set to come to be a publicly traded firm. MDH focuses on industries that enhance the management team’s background and established organization-making capabilities. MDH is led by Government Chairman Franklin McLarty, Vice Chairman Jim Wilkinson, CEO Beau Blair and CFO Brent Whittington.
olive.com, the chief in payment companies and on the net auto security programs, was created to give consumers peace of head. Vehicle defense ideas deal with mechanical failure of the vehicle right after the manufacturer’s warranty has expired. With olive.com, customers are now ready to acquire a automobile defense strategy immediate, with no force, from the ease and comfort of their home. olive.com features a assortment of coverage and deductible choices to accommodate any budget, and their products are approachable, inexpensive, transparent and person-helpful – true choice, all digital at any time day or night time. Established in 2006 and headquartered in Chicago, Illinois, olive.com products, client support, and track record for excellence have acquired it an A+ ranking with the Much better Company Bureau (BBB) and partnerships with top insurance plan corporations and globally regarded makes. For much more info, please go to https://olive.com/.
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MDH Acquisition Corp.