MDH Acquisition Corp. Announces Key Dates in Connection with December 29, 2022 Termination Date and Liquidation
30 December 2022 - 8:05AM
Business Wire
On December 29, 2022, MDH Acquisition Corp. (“we”, “us”, “our”,
or the “Company”) (NYSE: MDH) announced that in accordance with the
announced December 29, 2022 termination date set by its Board of
Directors pursuant to a second amendment (the “Charter Amendment”)
to the second amended and restated certificate of incorporation of
Company (the “Charter”), which was filed with the Secretary of
State of the State of Delaware on December 29, 2022, the Company
expects to redeem all outstanding public shares of the Company by
December 29, 2022, following which the Company will be dissolved,
liquidated and wound up.
The Company has also requested the New York Stock Exchange to
suspend trading of its Class A Common Stock, par value $0.0001 per
share (“Class A Common Stock”) effective before the open of trading
on December 30, 2022 and file with the U.S. Securities and Exchange
Commission (the “SEC”) the forms necessary to delist the Company’s
Class A Common Stock.
Pursuant to the Charter, the public shares of Class A Common
Stock will be redeemed at a per-share price, payable in cash, equal
to the quotient obtained by dividing (A) the aggregate amount then
on deposit in the trust account, including interest (less $100,000
of previously unreleased interest to pay dissolution expenses) (the
“Redemption Amount”), by (B) the total number of then outstanding
public shares of Class A Common Stock. The redemption will
completely extinguish rights of holders of public shares of Class A
Common Stock.
Following the redemptions in connection with the approval and
implementation of the Charter Amendment and after taking into
account withdrawals for taxes and dissolution expenses, the Company
estimates that the total Redemption Amount will be approximately
$274,788,542, and the per-share Redemption Amount will be
approximately $10.08. The redemption date is expected to be on or
around December 30, 2022.
Forward-Looking Statements
This press release includes certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, Section 27A of the Securities Act of 1933, as amended (the
“Securities Act”) and Section 21E of the Securities Exchange Act of
1934, as amended (the “Exchange Act”) that are not historical facts
and involve risks and uncertainties that could cause actual results
to differ materially from those expected and projected. All
statements, other than statements of historical fact included in
this press release, including, without limitation, regarding the
early liquidation, de-listing of the Company’s Securities and
Redemption Amount, are forward-looking statements. Words such as
“expect” and “intend” and variations and similar words and
expressions are intended to identify such forward-looking
statements. Such forward-looking statements relate to future events
or future performance, but reflect management’s current beliefs,
based on information currently available. A number of factors could
cause actual events, performance or results to differ materially
from the events, performance and results discussed in the
forward-looking statements. For information identifying important
factors that could cause actual results to differ materially from
those anticipated in the forward-looking statements, please refer
to the publicly filed documents of the Company, including its most
recent Annual Report on Form 10-K and Quarterly Reports on Form
10-Q. The Company’s securities filings can be accessed on the SEC’s
website at www.sec.gov. Except as expressly required by applicable
securities law, the Company disclaims any intention or obligation
to update or revise any forward-looking statements whether as a
result of new information, future events or otherwise.
About MDH Acquisition Corp.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20221229005269/en/
MDH Acquisition Corp. Sarah Grubbs sarah@mclartydiversified.com
615-957-7654
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