Welcome to our dedicated page for MONDEE HOLDINGS news (Ticker: MOND), a resource for investors and traders seeking the latest updates and insights on MONDEE HOLDINGS stock.
Mondee Holdings Inc. (MOND) operates a cutting-edge AI-powered travel marketplace, connecting global networks of providers with leisure and corporate travelers. This news hub provides official updates about the company's strategic developments, financial performance, and technological innovations in the travel sector.
Access real-time announcements including quarterly earnings reports, partnership launches with airlines/hotels, AI platform enhancements, and corporate governance updates. Investors will find regulatory filings and market expansion notices, while industry observers can track technology milestones like new features for its intelligent travel assistant.
All content is sourced directly from company communications and verified financial disclosures. Bookmark this page for streamlined access to MOND's latest operational developments, leadership changes, and product roadmap implementations within the competitive travel technology landscape.
Mondee Holdings (MOND) has been acquired by Tabhi and successfully emerged from Chapter 11 restructuring. The acquisition includes substantial asset purchase and recapitalization, with significant debt reduction and additional equity investment. Prasad Gundumogula, Mondee's Co-Founder and Chairman, has assumed the CEO position and now holds a majority equity stake through personal cash investment.
The new ownership structure includes affiliates of TCW Asset Management Company, Morgan Stanley Investment Management (MSIM), and Gundumogula. TCW serves as Administrative Agent on a new credit facility that includes MSIM and Wingspire Capital. The company's debt has been reduced by approximately 50%, strengthening its financial position.
Now operating as Tabhi, the company serves over 65,000 travel experts and organizations, reaching more than 125 million global travelers. The company maintains its focus on travel technology, AI solutions, and privately negotiated airline and hotel content, with operations across four continents.
Mondee Holdings (OTC: MOND), a travel marketplace and AI technology company, has announced a strategic restructuring plan including voluntary Chapter 11 proceedings. The company has entered into a restructuring support agreement featuring the sale of substantially all assets to a new entity owned by TCW Asset Management Company and Wingspire Capital affiliates.
The company's secured lenders have committed an additional $27.5 million in operating capital, supplementing their recent $21.5 million financing. Under the TCW bid, former executive Prasad Gundumogula will maintain a 75% equity stake and CEO position in the new entity. The Chapter 11 process, expected to conclude in early Q2 2025, will not affect Mondee's operations in Brazil, Mexico, India, and Canada.
The company will continue normal operations throughout the court-supervised process, maintaining customer and partner support without disruption. First-day motions are being filed to ensure smooth transition and maintain normal operations, including employee wages and benefits.
Mondee Holdings (NASDAQ: MOND) received a non-compliance notice from Nasdaq due to delayed filing of its Q3 2024 Form 10-Q. While the notice doesn't immediately affect stock listing, the company has decided not to submit a compliance plan or appeal the subsequent delisting. Additionally, CEO Prasad Gundumogula has taken a leave of absence effective November 25, 2024, while maintaining his position as board chairman. Jesus Portillo has been appointed as the new CEO while retaining his CFO duties.
Mondee Holdings (Nasdaq: MOND), a travel marketplace and AI technology company, has announced the cancellation of its webcast for the third quarter 2024 financial results covering the period ended September 30, 2024. The company directed stakeholders to their investor relations website for additional information.
Mondee Holdings (Nasdaq: MOND), a travel marketplace and AI technology company, has rescheduled its third quarter 2024 financial results webcast from November 12 to November 18, 2024. The webcast will take place at 5:30 a.m. PT/7:30 a.m. CT/8:30 a.m. ET and will be accessible through the company's Investor Relations website. A live dial-in option is available for domestic and international participants, with replay access available until November 25, 2024.
Mondee Holdings (Nasdaq: MOND) has rescheduled its third quarter 2024 financial results webcast from November 8 to November 12, 2024. The webcast will take place at 5:30 a.m. PT / 7:30 a.m. CT / 8:30 a.m. ET. The company will present its financial results for the period ended September 30, 2024, to the investment community.
Investors can access the webcast through Mondee's Investor Relations website or via phone using domestic (+1.833.470.1428) or international (+1.404.975.4839) dial-in numbers with access code 694084. A replay will be available until November 19, 2024.
Mondee Holdings (Nasdaq: MOND), a travel marketplace and AI technology company, has scheduled its third quarter 2024 financial results webcast for November 8, 2024. The event will begin at 5:30 a.m. PT/8:30 a.m. ET and will include a discussion of financial results for the period ended September 30, 2024. The one-hour webcast will be accessible via Mondee's Investor Relations website, with domestic dial-in at +1.833.470.1428 and international at +1.404.975.4839. A replay will be available until November 15, 2024.
Mondee Holdings (Nasdaq: MOND), a leading travel marketplace and AI technology company, has secured a $15 million letter of credit from Morgan Stanley. This achievement finalizes long-term extensions for Mondee's term loan and preferred equity. Key outcomes include:
1. Term loan maturity extended to June 30, 2028
2. Preferred equity put option extended to December 31, 2028
3. Unlocks at least $20 million in additional growth working capital
This development strengthens Mondee's financial position, providing the company with increased resources to sustain and accelerate its growth trajectory in the travel sector.
Mondee Holdings (Nasdaq: MOND) reported Q2 2024 financial results with net revenues of $58.3M, up 3% year-over-year, and adjusted EBITDA of $6.1M, up 38%. The company achieved a take rate of 8.6%, up 20 basis points. Gross bookings were $678M, with a 57% increase in transactions. Mondee announced a comprehensive refinancing of its capital structure, extending its term loan to June 2028 and preferred equity to December 2028. The company revised its 2024 outlook, projecting net revenues of $240-250M (10% increase) and adjusted EBITDA of $25-30M (42% increase). Mondee's CEO highlighted strong growth in non-air components and AI leadership in travel.
Mondee Holdings, Inc. (Nasdaq: MOND), a leading travel marketplace and AI technology company, has announced a webcast for its Q2 2024 financial results and anticipated new financing on August 14, 2024. The webcast, rescheduled due to an agreement on principle terms with lenders for refinancing, will be held at 5:30 a.m. PT / 7:30 a.m. CT / 8:30 a.m. ET. Investors can access the live audio webcast via Mondee's Investor Relations website or through domestic (+1.833.470.1428) and international (+1.404.975.4839) dial-in numbers. A replay will be available until September 4, 2024.
FAQ
What is the current stock price of MONDEE HOLDINGS (MOND)?
What is the market cap of MONDEE HOLDINGS (MOND)?
