MDH Acquisition Corp. and Olive Ventures Holdings, Inc. Mutually Agree to Terminate Business Combination Agreement

NEW YORK, April 05, 2022–(Company WIRE)–MDH Acquisition Corp. (NYSE: MDH, MDH.WS, MDH.U), a specific invest in acquisition company with a concentrate on progress industries complementing the administration team’s history, and Olive Ventures Holdings, Inc. (“olive.com”), the leader in payment providers and online motor vehicle defense options, introduced currently that the companies have mutually agreed to terminate their earlier introduced arrangement and system of merger (the “Small business Mixture Agreement”), effective promptly.

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Franklin McLarty, Govt Chairman of MDH Acquisition Corp., reported: “We have remarkable admiration for the complete olive.com team. The company’s impressive growth and disruption of the vehicle defense space is actually amazing, and we would like them continued achievements in the journey in advance. The MDH staff will continue on to examine opportunities to support firms that have unrecognized worth, home to improve, entire world-class administration, and leadership in a sector exactly where MDH has deep skills and relationships.”

Rebecca Howard, Founder and CEO of olive.com, said: “Our crew is deeply grateful for MDH’s guidance through this system, and, immediately after substantially thought, the two get-togethers have resolved it is the greatest prolonged-term approach to terminate the contemplated merger. I am enormously proud of our crew for continuing to execute on olive.com’s strategic growth programs with a relentless concentration on providing our industry leading technologies platforms and payment solution programs to our valued shoppers.”

Supplemental details about the termination of the Company Combination Agreement will be supplied in a Latest Report on Type 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 formed with the objective of accelerating the advancement of a private corporation that is properly capitalized, profitable and all set to come to be a publicly traded corporation. MDH focuses on industries that enhance the administration team’s background and demonstrated business enterprise-making qualities. MDH is led by Executive Chairman Franklin McLarty, Vice Chairman Jim Wilkinson, CEO Beau Blair and CFO Brent Whittington.

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About olive.com:

olive.com, the chief in payment companies and on the net car or truck safety programs, was developed to give prospects peace of thoughts. Auto security options go over mechanical failure of the automobile right after the manufacturer’s guarantee has expired. With olive.com, customers are now ready to buy a motor vehicle safety strategy immediate, with no tension, from the convenience of their household. olive.com provides a array of protection and deductible choices to go well with any spending plan, and their products are approachable, inexpensive, transparent and user-pleasant – true preference, all electronic at any time working day or evening. Started in 2006 and headquartered in Chicago, Illinois, olive.com solutions, customer service, and status for excellence have attained it an A+ score with the Greater Enterprise Bureau (BBB) and partnerships with top insurance firms and globally regarded brands. For much more information and facts, remember to visit 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