Newly Released olive.com Q3 Results Show
Continued Strong Financial Growth and Execution
MDH Acquisition Corp. (NYSE: MDH, MDH.WS, MDH.U) today announced
the filing by Olive Ventures Holdings, Inc. with the U.S.
Securities and Exchange Commission (“SEC”) of Amendment No. 2 to
the registration statement on Form S-4 (the “Form S-4”), which
includes a preliminary proxy statement of MDH with respect to the
proposed business combination (the “Business Combination”) with OP
Group Holdings, LLC (“olive.com”), a payment services and online
vehicle protection plans company, and Olive Ventures Holdings,
Inc., a new public company upon the consummation of the Business
Combination. The Form S-4 includes Q3 results for
olive.comtm and other information about olive.com’s
continuing strategic acquisition efforts with potential targets.
The Form S-4 filing made by Olive Ventures Holdings, Inc. can be
viewed on the SEC’s website at www.sec.gov.
Upon the consummation of the Business Combination, which is
subject to certain closing conditions, including MDH stockholder
approval, stockholders of MDH will become securityholders of Olive
Ventures Holdings, Inc., a new public company trading under the
ticker symbol “OLV” on the New York Stock Exchange.
Investor Presentation:
Olive.com and MDH each posted an updated investor presentation,
which was filed by MDH with the SEC on November 15, 2021 as an
exhibit to its current report on Form 8-K.
About olive.com:
olive.com, the leader in payment services and online
vehicle protection plans, was built to give customers peace of
mind. Vehicle protection plans cover mechanical failure of the
vehicle after the manufacturer’s warranty has expired. With
olive.com, consumers are now able to buy a vehicle
protection plan direct, with no pressure, from the comfort of their
home. olive.com offers a range of coverage and deductible
options to suit any budget, and their products are approachable,
affordable, transparent and user-friendly – real choice, all
digital at any time day or night. Founded in 2006 and headquartered
in Chicago, Illinois, olive.com products, customer service,
and reputation for excellence have earned it an A+ rating with the
Better Business Bureau (BBB) and partnerships with leading
insurance companies and globally recognized brands.
About MDH Acquisition Corp.:
MDH Acquisition Corp. (NYSE: MDH) was formed with the goal of
accelerating the growth of a private company that is well
capitalized, profitable and ready to become a publicly traded
company. MDH focuses on industries that complement the management
team’s background and proven business-building abilities. Given the
operational experience of the management team, MDH focuses
geographically, by pursuing opportunities located in the U.S.
Heartland. MDH is led by Executive Chairman Franklin McLarty, Vice
Chairman Jim Wilkinson, CEO Beau Blair and CFO Brent
Whittington.
Important Information About the Proposed Transaction and
Where to Find It
In connection with the Business Combination, Olive Ventures
Holdings, Inc. (“PubCo”) filed a registration statement on Form S-4
(File No. 333-258688), which includes a preliminary proxy statement
of MDH and a prospectus of PubCo (as amended, the “Form S-4”) with
the Securities and Exchange Commission (the “SEC”). Additionally,
MDH and PubCo filed and will file other relevant materials with the
SEC in connection with the Business Combination. Security holders
of MDH are urged to read the Form S-4, and the other relevant
materials before making any voting decision with respect to the
proposed Business Combination because they contain important
information about the Business Combination and the parties to the
Business Combination. Copies may be obtained free of charge at the
SEC’s website at www.sec.gov or by submitting a written request to
MDH Acquisition Corp., 600 N. Carroll Ave., Suite 100, Southlake,
TX 76092.
Participants in the Solicitation
MDH and its directors and executive officers may be deemed
participants in the solicitation of proxies from MDH’s stockholders
with respect to the proposed Business Combination. A list of the
names of those directors and executive officers and a description
of their interests in MDH is contained in MDH’s final prospectus
related to its initial public offering dated February 1, 2021,
which was filed with the SEC and is available free of charge at the
SEC’s web site at www.sec.gov, or by directing a request to MDH
Acquisition Corp., 600 N. Carroll Ave., Suite 100, Southlake, TX
76092. Additional information regarding the interests of such
participants is set forth in the Form S-4 for the proposed Business
Combination.
Olive Ventures Holdings, Inc. (“PubCo”) and OP Group Holdings,
LLC (“OP Group” and, together with OP Group’s subsidiaries and
PubCo, the “Company”) and the Company’s directors and executive
officers may also be deemed to be participants in the solicitation
of proxies from the stockholders of MDH in connection with the
proposed Business Combination. A list of the names of such
directors and executive officers and information regarding their
interests in the proposed Business Combination is set forth in the
proxy statement/prospectus for the proposed Business
Combination.
No Offer or Solicitation
This communication shall not constitute a solicitation of a
proxy, consent or authorization with respect to any securities or
in respect of the Business Combination. This communication shall
not constitute an offer to sell or the solicitation of an offer to
buy any securities, nor shall there be any sale of securities in
any states or jurisdictions in which such offer, solicitation, or
sale would be unlawful prior to registration or qualification under
the securities laws of such state or jurisdiction. No offering of
securities shall be made except by means of a prospectus meeting
the requirements of Section 10 of the Securities Act of 1933, as
amended.
Forward-Looking Statements
Certain statements in this communication may be considered
forward-looking statements. Forward-looking statements generally
relate to future events of MDH Acquisition Corp. (“MDH”), or the
future financial or operating performance of Olive Ventures
Holdings, Inc. (“PubCo”) and OP Group Holdings, LLC (“OP Group”
and, together with OP Group’s subsidiaries and PubCo, the
“Company”). For example, projections of future Adjusted EBITDA and
other metrics are forward-looking statements. In some cases, you
can identify forward-looking statements by terminology such as
“may”, “should”, “expect”, “intend”, “will”, “estimate”,
“anticipate”, “believe”, “predict”, “potential” or “continue”, or
the negatives of these terms or variations of them or similar
terminology. Such forward-looking statements are subject to risks,
uncertainties, and other factors which could cause actual results
to differ materially from those expressed or implied by such
forward looking statements.
These forward-looking statements are based upon estimates and
assumptions that, while considered reasonable by MDH and its
management, and the Company and its management, as the case may be,
are inherently uncertain. Factors that may cause actual results to
differ materially from current expectations include, but are not
limited to: (1) the occurrence of any event, change or other
circumstances that could give rise to the termination of
negotiations and any subsequent definitive agreements with respect
to the Business Combination; (2) the outcome of any legal
proceedings that may be instituted against MDH, the combined
company or others following the announcement of the Business
Combination and any definitive agreements with respect thereto; (3)
the inability to complete the Business Combination due to the
failure to obtain approval of the stockholders of MDH, to obtain
financing to complete the Business Combination or to satisfy other
conditions to closing; (4) changes to the proposed structure of the
Business Combination that may be required or appropriate as a
result of applicable laws or regulations or as a condition to
obtaining regulatory approval of the Business Combination; (5) the
ability to meet stock exchange listing standards following the
consummation of the Business Combination; (6) the risk that the
Business Combination disrupts current plans and operations of the
Company as a result of the announcement and consummation of the
Business Combination; (7) the ability of the Company to recognize
the anticipated benefits of the Business Combination, which may be
affected by, among other things, competition, the ability of the
combined company to grow and manage growth profitably, maintain
relationships with customers and suppliers and retain its
management and key employees; (8) costs related to the Business
Combination; (9) changes in applicable laws or regulations; (10)
the possibility that the Company or the combined company may be
adversely affected by other economic, business, and/or competitive
factors; (11) the Company’s estimates of expenses and
profitability; and (12) other risks and uncertainties set forth in
the section entitled “Risk Factors” and “Cautionary Note Regarding
Forward-Looking Statements” in MDH’s periodic filings with the SEC,
including MDH’s final prospectus relating to its initial public
offering dated February 1, 2021 and in the Form S-4 (as defined
above) filed by PubCo. Nothing in this communication should be
regarded as a representation by any person that the forward-looking
statements set forth herein will be achieved or that any of the
contemplated results of such forward-looking statements will be
achieved. You should not place undue reliance on forward-looking
statements, which speak only as of the date they are made. Neither
MDH nor the Company undertakes any duty to update these
forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211203005610/en/
Media: Kelly Wallace press@olive.com 917-991-6308
Investor Relations: investors@olive.com 646-407-2781
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