MONDEE HOLDINGS INC - MOND STOCK NEWS

Mondee Holdings, Inc. (Nasdaq: MOND) has announced its fourth quarter and full year 2022 earnings call, scheduled for February 28, 2023, at 5:30 a.m. PST. This call aims to discuss financial results for the period ending December 31, 2022. Investors can access the live webcast via the Mondee Investor Relations website, with a replay available until March 20, 2023. Founded in 2011, Mondee operates in the travel technology sector, processing over 50 million searches daily. The company leverages a robust network of over 55,000 travel advisors, 500 airlines, and more than one million hotel options, driving innovation in both leisure and corporate travel.

Mondee (Nasdaq: MOND) has announced the acquisition of Orinter, a leading travel provider in Brazil and Latin America, to enhance its geographic footprint and marketplace. This strategic move, valued at approximately $40 million, aims to capitalize on Orinter’s 38% net revenue CAGR from 2019 to 2022, despite pandemic challenges. The acquisition will integrate Orinter’s services into Mondee's platform, expanding its reach in Brazil’s travel market and providing synergies through its extensive affiliate network. Mondee plans to leverage its technology for revenue growth and operational efficiencies.

Mondee Holdings Inc (Nasdaq: MOND) is launching the Mondee Affiliate Network, designed to support travel affiliates and experts as the industry recovers from the pandemic. This innovative program offers enhanced revenue opportunities and tools, allowing affiliates to increase profitability and expand their offerings. The Mondee Affiliate Network aims to strengthen relationships with suppliers, experts, and travelers, positioning Mondee as a key player in the travel content marketplace. Established in 2011 and headquartered in Austin, Texas, Mondee operates globally, processing over 50 million daily searches.

Mondee Holdings Inc (Nasdaq: MOND) announced the appointment of Kymber Lowe as Chief Marketing Officer. This follows a remarkable 73% year-over-year organic net revenue growth in Q3 2022, indicating strong performance in the $1 trillion travel market. Ms. Lowe, with two decades of marketing leadership experience from companies like Microsoft and Amazon, will optimize the go-to-market strategy and enhance brand positioning. The company aims to modernize the travel market and expand its operations globally.

Mondee Holdings, Inc. (Nasdaq: MOND) reported strong financial results for Q3 2022, with gross revenue reaching $600.2 million, a 172% increase year-over-year, and net revenue at $39.5 million, up 73%. Adjusted EBITDA improved to $3.7 million, showing significant recovery. The company raised its 2022 net revenue guidance to $155-160 million. Despite a net loss of $64.7 million, primarily due to non-cash items linked to its merger with ITHAX, Mondee exited the quarter with cash reserves of $114 million.

Mondee Holdings, Inc. (Nasdaq: MOND) announces its third quarter 2022 earnings call scheduled for November 10, 2022, at 8:30 a.m. EST. This call will cover the financial results for the period ending September 30, 2022. Mondee is a prominent travel technology company, connecting over 50,000 leisure travel advisors with more than 500 airlines and over 1 million hotel options. Following a successful business combination with ITHAX Acquisition Corp. in July 2022, Mondee's innovative SaaS and cloud solutions are expected to drive future growth.

Mondee Holdings, Inc. (Nasdaq: MOND) has completed a successful tender process to simplify its capital structure, eliminating approximately 12 million public warrants. This move aims to reduce potential dilution of common equity, enhancing attractiveness for long-term investors. The tender offer expired on October 17, 2022, with 89.1% of public warrants tendered, totaling $6.98 million to be paid to warrant holders. Following the successful consent solicitation, Mondee plans to redeem remaining untendered public warrants for $0.01 each by October 27, 2022.

Mondee Holdings, Inc. (Nasdaq: MOND) has successfully completed a private offering, raising $85 million through its Series A Preferred Stock. The funds will support Mondee's mergers and acquisitions strategy and growth initiatives. The investment features an initial dividend of SOFR plus 7%, payable quarterly, and is non-dilutive as it cannot be converted into common equity. The company aims to leverage this financing to further enhance its operational capabilities in the travel technology sector, which serves a wide global audience.

Mondee Holdings, Inc. (Nasdaq: MOND) has announced an offer to purchase all outstanding public and private placement warrants for $0.65 each in cash, aimed at reducing future share dilution. Concurrently, Mondee seeks consent to amend the Warrant Agreement to allow redemption of warrants for $0.01 each, significantly lower than the offer price. The Offer will remain open until October 17, 2022. This strategic move is intended to provide investors with greater clarity regarding Mondee's capital structure, with 12,397,485 warrants currently outstanding.