secwatch / observer
8-K filed February 1, 2023, 6:59 PM ET CIK 0001828852
M&A confidence high sentiment positive materiality 0.75

Mondee Holdings, Inc.: M&A transaction — Mondee acquires Brazilian B2B travel company Orinter for ~$40M plus earn-out

Mondee Holdings, Inc.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 1.0

Mondee Holdings, Inc. completed an acquisition involving OTT Holding LTDA for $37,728,105.00 (closed 2023-01-31).

Action
acquisition
Counterparty
OTT Holding LTDA
Consideration
$37,728,105.00
Closing
2023-01-31
Exact text from the filing
the other transactions contemplated by the Purchase Agreement, the “ Acquisition ”). In exchange for the Target Securities, Buyer agreed to pay Seller total consideration of $37,728,105.00 (the “ Consideration ”), comprised of: (i) a cash component equal to $20,464,052.00, $18,928,104.00 of which was paid to Seller on the Closing Date and $1,535,948.00 of which was
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Mondee Holdings, Inc. entered into Share Purchase and Sale Agreement with OTT Holding LTDA and Orinter Tour & Travel, S.A. valued at $37,728,105.00 (effective 2023-01-31).

Action
entry
Agreement
asset purchase
Counterparty
OTT Holding LTDA and Orinter Tour & Travel, S.A.
Value
$37,728,105.00
Effective
2023-01-31
Exact text from the filing
On January 31, 2023 (the “ Closing Date ”), Mondee Holdings, Inc., a Delaware corporation (the “ Mondee ”), and its wholly-owned subsidiary, Mondee Brazil LLC, a Delaware limited liability company (together with Mondee, “ Buyer ”), entered into that certain Share Purchase and Sale Agreement, dated January 31, 2023 (the “ Purchase Agreement ”), with OTT Holding LTDA, a Brazilian limited liability company (the “ Seller ”), and Orinter Tour & Travel, S.A., a Brazilian corporation (the “ Target ”), along with other parties thereto (the “ Intervening Parties ”), as described in the Purchase Agreement.
View on SEC.gov

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Source: SEC EDGAR
accession 0001828852-23-000008
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