Mondee Holdings, Inc. Announces Pricing of Secondary Offering of Common Stock by Selling Stockholders

AUSTIN, Texas, June 07, 2023 (GLOBE NEWSWIRE) -- Mondee Holdings Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a technology-driven, next-generation marketplace, today announced the pricing of an underwritten offering of 5,250,000 shares of Mondee’s Class A common stock, par value $0.0001 per share (the “Common Stock”), on behalf of certain stockholders (the “Selling Stockholders”) at a price of $10.00 per share. The offering is expected to close on June 9, 2023, subject to the satisfaction of customary closing conditions. The underwriters will have a 30-day option to purchase up to an additional 787,500 shares of Common Stock from the Selling Stockholders.

The Company is not selling any shares of Common Stock in the Offering and will not receive any proceeds from the Offering.

Morgan Stanley is acting as lead bookrunning manager and as representative of the underwriters for the offering. JMP Securities, A Citizens Company, is acting as an additional bookrunner for the offering. Roth Capital Partners and Northland Capital Markets are acting as co-managers for the offering.

The offering of these securities is being made only by means of a prospectus supplement and accompanying base prospectus. Mondee has filed a registration statement (including a base prospectus) on Form S-1 (File No. 333-271532) relating to these securities, which has been declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on May 10, 2023 and has also filed a preliminary prospectus supplement with the SEC for the offering to which this communication relates and will file a final prospectus supplement relating to the offering. A copy of the prospectus supplement and base prospectus relating to this offering may be obtained from the website of the SEC at http://www.sec.gov. Alternatively, copies of the preliminary prospectus supplement and the accompanying base prospectus for the offering may be obtained by contacting: Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.

ABOUT MONDEE

Established in 2011, Mondee is a travel technology Company and a modern travel marketplace with its headquarters based in Austin, Texas. The company operates 17 offices across the United States and Canada and has core operations in India, Thailand, and Greece. Mondee is driving change in the leisure and corporate travel sectors through its broad array of innovative solutions. The Company's platform generates a substantial transactional volume annually and its network includes approximately 60,000 leisure travel advisors and gig economy workers, 500+ airlines, and over one million hotels and vacation rentals, 30K rental car pickup locations, 50+ cruise lines. The Company also offers packaged solutions and ancillary offerings that serve a global customer base. On July 19, 2022, Mondee became publicly traded on the Nasdaq under the ticker symbol MOND.