Mondee Holdings, INC

Mondee Holdings, Inc. announces its acquisition by Tabhi, and exit from Chapter 11 restructuring.

Mondee Holdings, currently undergoing Chapter 11 bankruptcy, filed its monthly operating report for January 2025 with the U.S. Bankruptcy Court.

Mondee Holdings has entered into a stalking horse asset purchase agreement with Mondee Purchaser, LLC to sell substantially all of its assets as part of its Chapter 11 bankruptcy proceedings.

Mondee Holdings has obtained $15.5 million in new term loans, appointed three new independent directors, and formed a special committee to explore strategic alternatives.

Mondee Holdings will be delisted from the Nasdaq Stock Market due to its failure to file its quarterly report and subsequent decision not to appeal the delisting.

Mondee Holdings is facing potential delisting from Nasdaq due to a delayed quarterly report, while also seeing a change in leadership with the CEO taking a leave of absence and the CFO being appointed as the new CEO.

Mondee Holdings saw a revenue increase in Q2 2024, but also experienced a rise in operating expenses, leading to a net loss.

Mondee Holdings saw a 16% increase in revenue in Q1 2024, primarily driven by recent acquisitions, but the company still reported a net loss.

Mondee Holdings, Inc. released its annual report on Form 10-K, outlining its financial performance, business strategy, and risk factors for the fiscal year ended December 31, 2023.

Mondee Holdings' Chief Operating Officer, James Dullum, sold 16,234 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

A Mondee Holdings director, Orestes Fintiklis, sold 19,675 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Mondee Holdings CEO Jesus Portillo sold 4,919 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.