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– Two additional investors commit to subscribe for $20 million into its all-equity PIPE at $10 per share
SAN MATEO, Calif. & NEW YORK–(BUSINESS WIRE)–
Mondee Inc. (“Mondee” or the “Company”), the high-growth, travel technology company and marketplace, with a portfolio of globally-recognized platforms and brands in the leisure and corporate travel sectors, and ITHAX Acquisition Corp., a special purpose acquisition company (“ITHAX”, Nasdaq: ITHX), today announced they have upsized their all equity PIPE investment to $70 million, supplementing the proceeds from their previously-announced business combination with an additional $20 million investment at $10 per share.
Upsized $70 Million PIPE
Two leading financial investors have agreed to collectively subscribe for an additional $20 million all-equity PIPE from ITHAX at $10 per share through an investment vehicle, which increases…