ITHAX Acquisition Corp - Ordinary Shares - Class A

NASDAQ:ITHX  
9.78
-0.01 (-0.10%)
Equity Financing / Related, Initial Public Offerings

Mondee To Go Public Through Business Combination With ITHAX Acquisition Corp

Published: 12/20/2021 12:30 GMT
ITHAX Acquisition Corp - Ordinary Shares - Class A (ITHX) - Mondee, the Technology-first, Fast Growing Travel Market Disruptor, to Go Public Through Business Combination With Ithax Acquisition Corporation.
Ithax Acquisition Corp - Post-closing, Combined Company is Expected to Have an Implied Pro Forma Equity Value of Approximately $1 Billion.
Ithax Acquisition Corp - All Existing Mondee Shareholders Are Rolling 100% of Their Equity Into Combined Company.
Ithax Acquisition Corp - Combined Company Anticipates Being Listed on Nasdaq Under Ticker Symbol "mond".
Ithax Acquisition Corp - Estimated Cash Proceeds From Transaction Are Expected to Consist of Ithax's $241.5 Million of Cash Held in Trust.
Ithax Acquisition Corp - Pipe Investors Include Funds Affiliated With Morgan Stanley Investment Management, Origami and Arcpe.
Ithax Acquisition Corp - Mondee Shareholders Are Expected to Own 63% of Combined Company, Ithax Sponsors Are Expected to Own 7% of Combined Company.
Ithax Acquisition Corp - Pipe Participants Expected to Own 5% of Combined Co, and Public Stockholders Are Expected to Own 25% of Combined Company.
Ithax Acquisition - Upon Closing of Deal, Mondee Will Continue to Be Led by Its Existing Management Team.