MDH Acquisition filed a proxy proposing that shareholders approve liquidation by year's end, ahead of the SPAC's Feb. 4 termination deadline. A vote is scheduled for Dec. 29.
Chairman Franklin McLarty said management evaluated more than 100 potential targets in the quest for a deal.
MDH by mutual agreement terminated a $960 million merger deal in April with Olive Ventures Holdings, a provider of payment services and online vehicle protection plans. The SPAC raised $276 million in a February 2021 ipo. Read more.
Source: MDH Acquisition Wants to Redeem Shares and Dissolve Early