NEW YORK, April 05, 2022–(Enterprise WIRE)–MDH Acquisition Corp. (NYSE: MDH, MDH.WS, MDH.U), a unique obtain acquisition corporation with a concentrate on expansion industries complementing the administration team’s background, and Olive Ventures Holdings, Inc. (“olive.com”), the leader in payment companies and on the internet automobile safety designs, declared nowadays that the companies have mutually agreed to terminate their earlier announced settlement and plan of merger (the “Organization Mixture Settlement”), effective instantly.
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Franklin McLarty, Government Chairman of MDH Acquisition Corp., stated: “We have huge admiration for the whole olive.com group. The company’s remarkable expansion and disruption of the automobile protection house is genuinely extraordinary, and we want them continued results in the journey in advance. The MDH staff will continue to discover options to help corporations that have unrecognized worth, area to grow, planet-course management, and leadership in a sector wherever MDH has deep experience and interactions.”
Rebecca Howard, Founder and CEO of olive.com, said: “Our crew is deeply grateful for MDH’s assistance all through this method, and, immediately after substantially consideration, both events have decided it is the best extended-term system to terminate the contemplated merger. I am enormously happy of our crew for continuing to execute on olive.com’s strategic advancement strategies with a relentless aim on delivering our sector main know-how platforms and payment option options to our valued shoppers.”
Extra info about the termination of the Business Mixture Arrangement will be supplied in a Current Report on Sort 8-K to be filed by MDH Acquisition Corp. with the SEC and offered at www.sec.gov.
About MDH Acquisition Corp.:
MDH Acquisition Corp. (NYSE: MDH) was fashioned with the goal of accelerating the growth of a personal organization that is well capitalized, lucrative and prepared to become a publicly traded business. MDH focuses on industries that complement the administration team’s track record and proven small business-making talents. 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 expert services and on the web automobile safety programs, was developed to give consumers peace of intellect. Auto security designs deal with mechanical failure of the motor vehicle just after the manufacturer’s guarantee has expired. With olive.com, people are now capable to acquire a car safety system direct, with no tension, from the comfort and ease of their home. olive.com presents a selection of protection and deductible solutions to fit any funds, and their products and solutions are approachable, cost-effective, transparent and consumer-welcoming – genuine selection, all digital at any time working day or night time. Started in 2006 and headquartered in Chicago, Illinois, olive.com products and solutions, purchaser company, and reputation for excellence have acquired it an A+ score with the Better Business Bureau (BBB) and partnerships with main insurance policy companies and globally identified brand names. For extra information and facts, please stop by https://olive.com/.
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MDH Acquisition Corp.