NEW YORK, April 05, 2022–(Company WIRE)–MDH Acquisition Corp. (NYSE: MDH, MDH.WS, MDH.U), a specific purchase acquisition firm with a aim on development industries complementing the management team’s track record, and Olive Ventures Holdings, Inc. (“olive.com”), the chief in payment providers and on the web car or truck defense strategies, announced nowadays that the firms have mutually agreed to terminate their formerly announced arrangement and prepare of merger (the “Company Blend Settlement”), efficient promptly.
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Franklin McLarty, Govt Chairman of MDH Acquisition Corp., explained: “We have tremendous admiration for the overall olive.com group. The company’s extraordinary advancement and disruption of the vehicle security area is truly incredible, and we wish them continued accomplishment in the journey forward. The MDH workforce will keep on to check out alternatives to aid companies that have unrecognized price, place to develop, globe-class management, and management in a sector wherever MDH has deep skills and associations.”
Rebecca Howard, Founder and CEO of olive.com, said: “Our crew is deeply grateful for MDH’s assistance through this method, and, soon after substantially thing to consider, both of those get-togethers have made a decision it is the very best long-time period tactic to terminate the contemplated merger. I am enormously proud of our workforce for continuing to execute on olive.com’s strategic expansion ideas with a relentless concentrate on furnishing our marketplace primary know-how platforms and payment option designs to our valued purchasers.”
Supplemental data about the termination of the Business enterprise Blend Agreement will be furnished in a Current Report on Form 8-K to be submitted 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 intention of accelerating the advancement of a non-public enterprise that is very well capitalized, profitable and completely ready to turn out to be a publicly traded corporation. MDH focuses on industries that enhance the management team’s qualifications and confirmed small business-constructing qualities. 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-line auto security options, was designed to give customers peace of mind. Car protection designs cover mechanical failure of the automobile after the manufacturer’s guarantee has expired. With olive.com, people are now capable to get a car or truck security strategy direct, with no pressure, from the convenience of their residence. olive.com offers a array of protection and deductible possibilities to suit any budget, and their goods are approachable, very affordable, clear and person-welcoming – serious decision, all electronic at any time working day or night time. Founded in 2006 and headquartered in Chicago, Illinois, olive.com merchandise, purchaser company, and track record for excellence have earned it an A+ ranking with the Much better Small business Bureau (BBB) and partnerships with primary insurance coverage businesses and globally acknowledged brand names. For far more data, be sure to visit https://olive.com/.
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MDH Acquisition Corp.