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

NEW YORK, April 05, 2022–(Business WIRE)–MDH Acquisition Corp. (NYSE: MDH, MDH.WS, MDH.U), a specific acquire acquisition firm with a emphasis on growth industries complementing the management team’s background, and Olive Ventures Holdings, Inc. (“olive.com”), the chief in payment providers and on line car or truck safety plans, introduced these days that the corporations have mutually agreed to terminate their beforehand announced arrangement and approach of merger (the “Business enterprise Blend Agreement”), powerful right away.

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Franklin McLarty, Government Chairman of MDH Acquisition Corp., explained: “We have huge admiration for the complete olive.com workforce. The company’s outstanding progress and disruption of the vehicle defense room is definitely amazing, and we would like them continued accomplishment in the journey forward. The MDH team will carry on to discover possibilities to aid firms that have unrecognized price, space to develop, entire world-course management, and management in a sector exactly where MDH has deep experience and interactions.”

Rebecca Howard, Founder and CEO of olive.com, mentioned: “Our staff is deeply grateful for MDH’s aid throughout this course of action, and, just after substantially thought, both functions have made the decision it is the finest long-expression technique to terminate the contemplated merger. I am enormously happy of our staff for continuing to execute on olive.com’s strategic expansion strategies with a relentless emphasis on supplying our business major technology platforms and payment solution plans to our valued clientele.”

More info about the termination of the Business enterprise Blend Settlement will be offered in a Present 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 formed with the objective of accelerating the expansion of a personal business that is perfectly capitalized, worthwhile and ready to come to be a publicly traded organization. MDH focuses on industries that complement the management team’s qualifications and verified company-making skills. 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 services and online auto safety options, was created to give buyers peace of intellect. Car or truck defense strategies deal with mechanical failure of the car just after the manufacturer’s guarantee has expired. With olive.com, buyers are now ready to buy a auto safety approach immediate, with no strain, from the convenience of their household. olive.com delivers a variety of coverage and deductible possibilities to match any funds, and their items are approachable, very affordable, clear and user-helpful – actual preference, all electronic at any time working day or night time. Launched in 2006 and headquartered in Chicago, Illinois, olive.com items, buyer provider, and track record for excellence have gained it an A+ score with the Far better Enterprise Bureau (BBB) and partnerships with top insurance policies organizations and globally regarded brands. For more data, you should go to 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