Mondee Announces $85 Million Preferred Equity Financing to Support its Expansion Strategy

AUSTIN, Texas, Sept. 29, 2022 (GLOBE NEWSWIRE) — Mondee Holdings, Inc. (Nasdaq:MOND) (“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, today announced that it closed a private offering (the “Preferred Financing”) of $85 million of its Series A Preferred Stock (the “Preferred Stock”). Proceeds from the Preferred Financing will be used to fund Mondee’s M&A strategy, other growth opportunities and general corporate purposes.

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