secwatch / observer
8-K filed May 16, 2023, 7:59 PM ET CIK 0001828852
M&A confidence high sentiment positive materiality 0.60

Mondee Holdings, Inc.: M&A transaction — Mondee acquires Consolid Mexico for $4M cash plus earn-out up to $5M; 2022 rev ~$8M

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 0.9

Mondee Holdings, Inc. completed an acquisition involving Consolid Mexico Holding, S.A.P.I. de C.V., José Luis Castro Gómez, Abraham Shabot Cherem, Judith Guerra Aguijosa for total consideration of (i) $4,000,000 on the Closing Date, with an adjustment for working capital and (ii) an earn-out component up to an aggregate of $1,000,00 (closed 2023-05-12).

Action
acquisition
Counterparty
Consolid Mexico Holding, S.A.P.I. de C.V., José Luis Castro Gómez, Abraham Shabot Cherem, Judith Guerra Aguijosa
Consideration
total consideration of (i) $4,000,000 on the Closing Date, with an adjustment for working capital and (ii) an earn-out component up to an aggregate of $1,000,00
Closing
2023-05-12
Exact text from the filing
other transactions contemplated by the Purchase Agreement, the “ Acquisition ”). In exchange for the Target Securities, Buyers agreed to pay Sellers total consideration of (i) $4,000,000 on the Closing Date, with an adjustment for working capital and (ii) an earn-out component up to an aggregate of $1,000,000 and 400,000 shares of Class A common stock of Mondee,
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Mondee Holdings, Inc. entered into Stock Purchase Agreement with Consolid Mexico Holding, S.A.P.I. de C.V., José Luis Castro Gómez, Abraham Shabot Cherem, and Judith Guerra Aguijosa (together, the Sellers) valued at $4,000,000 on the Closing Date, with an adjustment for working capital and an earn-out component up (effective 2023-05-12).

Action
entry
Agreement
asset purchase
Counterparty
Consolid Mexico Holding, S.A.P.I. de C.V., José Luis Castro Gómez, Abraham Shabot Cherem, and Judith Guerra Aguijosa (together, the Sellers)
Value
$4,000,000 on the Closing Date, with an adjustment for working capital and an earn-out component up
Effective
2023-05-12
Exact text from the filing
On May 12, 2023 (the “ Closing Date ”), Mondee Holdings, Inc., a Delaware corporation ( “ Mondee ”), and its wholly-owned subsidiaries, Mondee Acquisition Company, Inc., a Delaware corporation (“ MAC ”), and Mondee, Inc., a Delaware corporation (together with Mondee and MAC, “ Buyers ”), entered into that certain Stock Purchase Agreement, dated May 12, 2023 (the “ Purchase Agreement ”), with Consolid Mexico Holding, S.A.P.I. de C.V., a Mexican corporation (“ CMX Holdings ”), José Luis Castro Gómez, and Abraham Shabot Cherem, and Judith Guerra Aguijosa, (together, the “ Sellers ”).
View on SEC.gov

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Source: SEC EDGAR
accession 0001828852-23-000061
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