NEW YORK, April 05, 2022–(Enterprise WIRE)–MDH Acquisition Corp. (NYSE: MDH, MDH.WS, MDH.U), a exclusive purchase acquisition firm with a concentration on development industries complementing the management team’s qualifications, and Olive Ventures Holdings, Inc. (“olive.com”), the chief in payment providers and on the web motor vehicle safety strategies, introduced today that the companies have mutually agreed to terminate their previously introduced settlement and strategy of merger (the “Business enterprise Blend Agreement”), powerful straight away.
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Franklin McLarty, Government Chairman of MDH Acquisition Corp., said: “We have tremendous admiration for the whole olive.com workforce. The company’s impressive progress and disruption of the car or truck defense place is certainly incredible, and we desire them ongoing success in the journey forward. The MDH group will continue on to take a look at chances to assistance providers that have unrecognized value, area to grow, earth-class administration, and management in a sector in which MDH has deep abilities and relationships.”
Rebecca Howard, Founder and CEO of olive.com, reported: “Our team is deeply grateful for MDH’s aid in the course of this course of action, and, immediately after substantially thought, both of those events have resolved it is the ideal lengthy-term method to terminate the contemplated merger. I am enormously proud of our staff for continuing to execute on olive.com’s strategic advancement programs with a relentless target on providing our industry top technology platforms and payment solution plans to our valued clients.”
More information and facts about the termination of the Business enterprise Mixture Settlement will be offered in a Present Report on Form 8-K to be submitted by MDH Acquisition Corp. with the SEC and obtainable at www.sec.gov.
About MDH Acquisition Corp.:
MDH Acquisition Corp. (NYSE: MDH) was shaped with the intention of accelerating the development of a personal corporation that is very well capitalized, successful and ready to turn into a publicly traded organization. MDH focuses on industries that enhance the management team’s history and proven business enterprise-creating skills. MDH is led by Govt Chairman Franklin McLarty, Vice Chairman Jim Wilkinson, CEO Beau Blair and CFO Brent Whittington.
olive.com, the leader in payment solutions and online vehicle security options, was designed to give customers peace of thoughts. Car protection strategies protect mechanical failure of the motor vehicle following the manufacturer’s guarantee has expired. With olive.com, individuals are now in a position to purchase a car or truck protection program immediate, with no stress, from the convenience of their household. olive.com presents a array of protection and deductible options to accommodate any budget, and their items are approachable, affordable, transparent and user-pleasant – serious decision, all electronic at any time day or evening. Founded in 2006 and headquartered in Chicago, Illinois, olive.com solutions, buyer company, and track record for excellence have earned it an A+ ranking with the Improved Business enterprise Bureau (BBB) and partnerships with leading insurance policy businesses and globally regarded brands. For a lot more info, make sure you pay a visit to https://olive.com/.
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MDH Acquisition Corp.