Brief: Mondee To Go Public Through Business Combination With ITHAX Acquisition Corp

MH Wind Down Co

20/12/2021 12:21

Dec 20 (Reuters) - ITHAX Acquisition Corp  ITHX.O :
    * 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

Source text for Eikon:  ID:nBw23Jzl0a 
Further company coverage:  ITHX.O 

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