MDH Acquisition, PayLink Direct and Olive.com to terminate a $960m deal.

MDH Acquisition, a SPAC, PayLink Direct, a payment services provider, and Olive.com, a digital vehicle protection plan platform, agreed to terminate a $960m deal. Investors in PIPE included Fortress Investment Group, Milestone Partners, Old Republic Insurance and Ally Financial. “We have tremendous admiration for the entire olive.com team. The company’s impressive growth and disruption of the vehicle protection space is truly extraordinary, and we wish them continued success in the journey ahead. The MDH team will continue to explore opportunities to support companies that have unrecognized value, room to grow, world-class management, and leadership in a sector where MDH has deep expertise and relationships," Franklin McLarty, MDH Acquisition Executive Chairman.