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NEW YORK, April 05, 2022–(Business WIRE)–MDH Acquisition Corp. (NYSE: MDH, MDH.WS, MDH.U), a unique purchase acquisition business with a aim on growth industries complementing the management team’s history, and Olive Ventures Holdings, Inc. (“olive.com”), the chief in payment services and on the internet car or truck defense designs, announced now that the providers have mutually agreed to terminate their earlier declared arrangement and prepare of merger (the “Small business Blend Settlement”), powerful immediately.
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Franklin McLarty, Govt Chairman of MDH Acquisition Corp., stated: “We have incredible admiration for the complete olive.com staff. The company’s amazing expansion and disruption of the car or truck safety area is certainly remarkable, and we wish them ongoing success in the journey forward. The MDH staff will carry on to discover alternatives to support businesses that have unrecognized value, area to expand, globe-course administration, and management in a sector where by MDH has deep know-how and interactions.”
Rebecca Howard, Founder and CEO of olive.com, reported: “Our workforce is deeply grateful for MDH’s guidance during this system, and, just after a great deal thought, both functions have made the decision it is the most effective prolonged-phrase technique to terminate the contemplated merger. I am enormously happy of our staff for continuing to execute on olive.com’s strategic progress plans with a relentless focus on furnishing our market main technology platforms and payment resolution ideas to our valued clientele.”
More facts about the termination of the Business Mix Agreement will be delivered in a Current Report on Form 8-K to be submitted by MDH Acquisition Corp. with the SEC and accessible at www.sec.gov.
About MDH Acquisition Corp.:
MDH Acquisition Corp. (NYSE: MDH) was shaped with the target of accelerating the expansion of a personal corporation that is properly capitalized, worthwhile and all set to come to be a publicly traded company. MDH focuses on industries that enhance the management team’s qualifications and established company-building capabilities. MDH is led by Executive Chairman Franklin McLarty, Vice Chairman Jim Wilkinson, CEO Beau Blair and CFO Brent Whittington.
About olive.com:
olive.com, the leader in payment expert services and on the web car protection programs, was constructed to give consumers peace of mind. Motor vehicle protection programs cover mechanical failure of the vehicle after the manufacturer’s warranty has expired. With olive.com, buyers are now ready to get a motor vehicle defense approach direct, with no strain, from the convenience of their household. olive.com provides a array of protection and deductible selections to suit any spending budget, and their items are approachable, inexpensive, transparent and person-pleasant – true option, all digital at any time working day or evening. Established in 2006 and headquartered in Chicago, Illinois, olive.com items, buyer services, and status for excellence have gained it an A+ score with the Far better Organization Bureau (BBB) and partnerships with main insurance corporations and globally recognized brand names. For extra facts, you should stop by https://olive.com/.
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Contacts
MDH Acquisition Corp.
Kelly Wallace
[email protected]
917-991-6308
olive.com
Justin Thomas
[email protected]
773-387-0025
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