MDH Acquisition Corp.
MDH
New York Stock Exchange10.04
USD
+0.03
- -
MDH Acquisition Corp.
MDH
(New York Stock Exchange)
Recent
price
10.04
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- MDH Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company, sponsored by McLarty Diversified Intermediate Holdings LLC through MDIH Sponsor LLC, focuses on opportunities in transportation and logistics, telecommunications, financial services, and professional services, primarily targeting companies in the Heartland region bounded by the Rockies, eastern seaboard, Rust Belt, and Gulf of Mexico; it has not commenced significant operations or generated revenue. Founded in 2020 and headquartered in Southlake, Texas, with additional offices in Little Rock, Arkansas, MDH Acquisition Corp. raised $276 million in its February 2021 initial public offering on the NYSE under the ticker MDH. Leadership includes Executive Chairman Franklin McLarty, co-founder and CEO of McLarty Diversified Holdings; Vice Chairman James Wilkinson, founder and CEO of TrailRunner International; CEO Donald Blair, COO of McLarty Diversified Holdings; and CFO Brent Whittington. In September 2021, the company announced a proposed business combination with Olive Ventures Holdings Inc. and PayLink Direct, involving up to $291 million in proceeds including PIPE investment, which was mutually terminated in 2022 after evaluating over 100 targets; unable to complete a combination by its deadline, MDH announced redemption of all outstanding public shares at approximately $10.08 per share, leading to dissolution and liquidation on December 29, 2022, with NYSE trading suspension requested.
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