secwatch.observer — SEC 8-K summary
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Issuer:     Mondee Holdings, Inc. (—)
CIK:        0001828852
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0001828852-23-000008
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mondee acquires Brazilian B2B travel company Orinter for ~$40M plus earn-out
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- Total consideration ~$40M: $20.5M cash + $17.3M in Mondee stock (1.7M shares) + up to $10M earn-out based on EBITDA milestones.
- Orinter's 2022 EBITDA was $9.3M with >30% margin; 2019-2022 net revenue CAGR of 38% despite pandemic.
- Orinter serves 4,800 travel companies in Brazil/Latin America; expands Mondee's geographic footprint and hotel content.
- Deal closed Jan 31, 2023; stock consideration escrowed with releases at 12 and 24 months.
- Mondee plans to cross-sell Orinter content through its 50,000 travel affiliates and deploy FinTech/ancillary solutions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828852/000182885223000008/0001828852-23-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828852/000182885223000008/mond-20230131.htm
  HTML page:      https://secwatch.observer/filing/0001828852-23-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer