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What Happened to Mondee Holdings?
Ticker: MONDSPAC Year: 2021
Return
-100.0%
Current Price
$0
Peak Price
$14.25
Trust Size
$363M
Summary
Mondee Holdings was an AI-powered travel technology platform that provided personalized travel itineraries and booking services. The company went public via SPAC merger with ITHAX Acquisition Corp in 2022. It filed for Chapter 11 bankruptcy and ceased all operations in October 2024.
What Happened
ITHAX Acquisition Corp merged with Mondee in July 2022. The travel platform struggled to stabilize operations and generate sustainable revenue. Mondee ceased all operations in October 2024 and filed for Chapter 11 bankruptcy, ultimately seeking to liquidate. The company's assets are being wound down through bankruptcy proceedings.
Timeline
2021-01-21
S-1 Registration Filed