- July 22, 2021
- Posted by: Stratford Team
- Category: Business
By Stephen Nakrosis
Affiliated businesses Olive.com and PayLink Direct said Wednesday they agreed to a business combination with blank-check company MDH Acquisition Corp. that will create a new publicly traded company, Olive.com.
The new company will combine Olive.com’s digital vehicle protection plan platform and PayLink Direct’s payment services operation, the companies said.
Franklin McLarty, executive chairman of MDH, will become chairman of Olive.com, the companies also said. Rebecca Howard, the founder and chief executive of Olive.com, will become CEO of the combined company.
After the bell Wednesday, shares of MDH Acquisition were up 1.45%, at $9.80 a share. The stock finished the day’s regular-trading session with a 0.1% gain, closing at $9.66 a share.
MDH Acquisition shares are listed on the New York Stock Exchange under the symbol MDH.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
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