Travel Technology Firm Mondee Nears $1 Billion SPAC Deal to Go Public – The Wall Street Journal

Travel Technology Firm Mondee Nears $1 Billion SPAC Deal to Go Public – The Wall Street Journal

Mondee Inc. is close to a deal with a special-purpose acquisition company that would value the travel-technology firm at about $1 billion and take it public, people familiar with the matter said.

Mondee, which operates a software platform that mainly connects travel agents and other companies with airlines in the market for privately priced discounted flights, is nearing a merger with the SPAC ITHAX Acquisition Corp., the people said. The deal could be announced as soon as Monday.

Source: https://www.wsj.com/articles/travel-technology-firm-mondee-nears-1-billion-spac-deal-to-go-public-11639951201

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