MDH Acquisition Corp. (MDH.U) Prices Upsized $240M IPO

MDH Acquisition Corp. announced the pricing of its upsized $240 million IPO this evening and its shares are expected to begin trading on the NYSE under the symbol “MDH.U” Tuesday, February 2.

MDH Acquisition Corp. intends to focus on industries that complement their management team’s background in transportation and logistics, telecommunications, financial services and professional services. The company will be led by Executive Chairman and Director Franklin McLarty, Vice Chairman and Director Jim Wilkinson and Chief Executive Officer Beau Blair.  Brent Whittington is Chief Financial Officer.

Total SPAC deal count for 2021 year-to-date is now 93 with $25.96 billion in gross proceeds raised. This offering is expected to close on Thursday, February 4th.

Stifel, Nicolaus & Company, Incorporated and Oppenheimer & Co., Inc. are acting as joint book-running managers of the offering. Winston & Strawn LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.