---
schema_version: "secwatch.filing_event.v1"
accession: "0001828852-23-000133"
form_type: "8-K"
ticker: null
cik: "0001828852"
company_name: "Mondee Holdings, Inc."
filed_at: "2023-08-17T23:59:59+00:00"
generated_at: "2026-06-11T07:52:20.757589+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Mondee acquires Skypass Travel for ~$15M; strengthens AI-powered travel marketplace

## Summary
- Total consideration of ~$15M (cash + Mondee stock at $10/sh) plus earn-out shares tied to adjusted EBITDA growth.
- Skypass reported 2022 gross revenue of $45M and adjusted EBITDA of $4M (~60% margin on net revenue).
- Acquisition adds global corporate, leisure, and humanitarian travel; expands into India, Mexico, LATAM.
- Skypass CEO Victor Abraham and management team join Mondee; expected to drive growth and synergies.
- Mondee's network of 65,000+ travel experts and 125M members to distribute Skypass offerings.

## SEC filing metadata
- accession: 0001828852-23-000133
- form_type: 8-K
- cik: 0001828852
- company_name: Mondee Holdings, Inc.
- filed_at: 2023-08-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828852/000182885223000133/0001828852-23-000133-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828852/000182885223000133/mond-20230812.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828852-23-000133
- JSON: https://secwatch.observer/filing/0001828852-23-000133.json
- Plain text: https://secwatch.observer/filing/0001828852-23-000133.txt

## Key facts
- M&A Transactions
  Mondee Holdings, Inc. completed an acquisition involving Victor Abraham and Sherly Abraham for $3,000,000 on the Closing Date, with an adjustment for working capital, (ii) 900,000 shares of Class A common stock of Mondee, par value $0.0001 per share, on t (closed 2023-08-12).
  - Action: acquisition
  - Counterparty: Victor Abraham and Sherly Abraham
  - Consideration: $3,000,000 on the Closing Date, with an adjustment for working capital, (ii) 900,000 shares of Class A common stock of Mondee, par value $0.0001 per share, on t
  - Closing: 2023-08-12
  source text: Acquisition Company, Inc., a Delaware corporation (" MAC "), and Mondee, Inc., a Delaware corporation (together with Mondee and MAC, the “ Buyers ”), entered into that certain Share Purchase Agreement, dated August 12, 2023 (the “ Purchase Agreement ”), with Victor Abraham and Sherly Abraham (together, the " Sellers "), and Skypass Travel Private Limited, a a private limited company incorporated under the laws of India (" Skypass India ").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828852/000182885223000133/0001828852-23-000133-index.htm
- Material Agreements
  Mondee Holdings, Inc. entered into Share Purchase Agreement with Victor Abraham and Sherly Abraham valued at $3,000,000 cash plus 900,000 shares of Class A common stock at closing, plus 100,000 shares on each (effective 2023-08-12).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Victor Abraham and Sherly Abraham
  - Value: $3,000,000 cash plus 900,000 shares of Class A common stock at closing, plus 100,000 shares on each
  - Effective: 2023-08-12
  source text: On August 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, the “ Buyers ”), entered into that certain Share Purchase Agreement, dated August 12, 2023 (the “ Purchase Agreement ”), with Victor Abraham and Sherly Abraham (together, the " Sellers "), and Skypass Travel Private Limited, a a private limited company incorporated under the laws of India (" Skypass India ").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828852/000182885223000133/0001828852-23-000133-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.