MDH Acquisition Corp.
MDHAW
Other OTC0.00
USD
+0.00
- -
CIK
0001823143
Return %
Stock
S&P500
1Y
- -
18.21
3Y
- -
64.38
5Y
- -
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Franklin H. McLarty
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 600 North Carroll Avenue Southlake TX United States of America 76092
- CIK
- 0001823143
- Website
- mclartydiversified.com
- Similar Companies
- Business
- MDH Acquisition Corp. (MDHAW) operates as a blank check company, or special purpose acquisition company (SPAC), incorporated in Delaware in 2020 and headquartered in Southlake, Texas, with additional offices in Little Rock, Arkansas. Sponsored by McLarty Diversified Intermediate Holdings LLC, an affiliate of McLarty Diversified Holdings, the company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, particularly in transportation and logistics, telecommunications, financial services, and professional services within the Heartland region bounded by the Rockies, eastern seaboard, Rust Belt, and Gulf of Mexico. It raised $276 million in its February 2021 initial public offering on the New York Stock Exchange, trading initially as units under MDH.U and Class A common stock under MDH, with public warrants under MDHAW exercisable at $11.50 per share. The company conducts no significant operations or generates revenue prior to completing an initial business combination, instead holding proceeds primarily in a trust account for potential targets; its sponsor provides operational expertise in corporate governance, growth capital, and value addition for underserved markets with resilient economic opportunities. Leadership includes Executive Chairman Franklin McLarty, Vice Chairman and Director, Chief Executive Officer Beau Blair, and Chief Financial Officer, supported by a team emphasizing investor returns, customer satisfaction, and execution. MDH Acquisition pursued an initial business combination valued at approximately $960 million with OP Group Holdings LLC and Olive Ventures Holdings Inc., providers of payment services and online vehicle protection plans through olive.com and PayLink Direct, announced in 2021 with a planned ticker OLV; the deal included up to $291 million in trust proceeds, $15 million in PIPE investment, and existing shareholders owning about 74% of the combined entity. The merger terminated by mutual agreement in April 2022 after filing an amended S-4 registration statement, followed by termination of a related agreement with PayLink Holdings Inc. Unable to identify a suitable target after evaluating over 100 opportunities, MDH amended its charter in December 2022, redeemed all outstanding public shares at approximately $10.08 per share totaling $274.8 million, suspended NYSE trading effective December 30, 2022, delisted, and liquidated by year-end, ahead of its February 2023 deadline. No further business combinations, operations, or public trading activity has occurred since liquidation.