secwatch.observer — SEC 8-K summary
======================================

Issuer:     Mondee Holdings, Inc. (—)
CIK:        0001828852
Form:       8-K
Filed at:   2023-05-16T23:59:59+00:00
Accession:  0001828852-23-000059
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 Interep, Brazilian B2B luxury travel company, for $8.88M plus earn-out
--------------------------------------------------------------------------------

- Total consideration $8.88M: $4M cash at close, $720K over 3 years, 416k shares (~$4.16M), plus up to $3M earn-out.
- Interep had 2022 adj. EBITDA ~$2.8M; net revenues doubled vs pre-pandemic; 40-yr history, 3,100 affiliates, 80 employees.
- Interep focuses on luxury B2B travel in Brazil; expands Mondee's Latin American footprint, complements prior Orinter acquisition.
- Sellers are Diana Krepinsky Rodrigues and Cynthia Sherry Ann Krepinsky Rodrigues (all-female ownership team).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828852/000182885223000059/0001828852-23-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828852/000182885223000059/mond-20230512.htm
  HTML page:      https://secwatch.observer/filing/0001828852-23-000059

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