8-K
filed October 23, 2023, 7:59 PM ET
CIK 0001828852
other material
confidence high
sentiment positive
materiality 0.70
Mondee Holdings, Inc.: debt financing — Mondee raises $10M in preferred equity, expands buyback to $40M
Mondee Holdings, Inc.
- Completed $10M preferred equity placement (up to $15M); issued 10,000 Series A-3 shares at $1,000 each.
- Warrants to purchase 1,275,000 shares at $7.50/share; 5-year term from September 2022.
- Board expanded share repurchase program by $10M to up to $40M; less than $5M bought to date.
- Preferred dividend SOFR+8.5% stepping to SOFR+12%; put option in 2026 triggers cash payment.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Mondee Holdings, Inc. incurred debt of $10 million with Tuesday Investor LLC at SOFR plus 7.00% per annum.
- Principal
- $10 million
- Counterparty
- Tuesday Investor LLC
- Rate
- SOFR plus 7.00% per annum
- Event
- incurrence
Exact text from the filing
rrants ”) to purchase shares of Common Stock (the “ 2023 Financing Transaction ”), pursuant to the terms of that certain Subscription Agreement and Plan of Reorganization, dated October 17, 2023 (the “ Subscription Agreement ”), by and between the Company and Tuesday Investor LLC (the “ Subscriber ”), that certain Amended and Restated Registration Rights Agreement, dated October 17, 2023 (the “ A&R Registration Rights Agreement ”), by and between the Company, the Subscriber and NH Credit Partners III Holdings L.P.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Mondee Holdings, Inc. entered into Amended and Restated Registration Rights Agreement with Tuesday Investor LLC and NH Credit Partners III Holdings L.P. (effective 2023-10-17).
- Action
- entry
- Counterparty
- Tuesday Investor LLC and NH Credit Partners III Holdings L.P.
- Effective
- 2023-10-17
Exact text from the filing
Financing Transaction ”), pursuant to the terms of that certain Subscription Agreement and Plan of Reorganization, dated October 17, 2023 (the “ Subscription Agreement ”), by and between the Company and Tuesday Investor LLC (the “ Subscriber ”), that certain Amended and Restated Registration Rights Agreement, dated October 17, 2023 (the “ A&R Registration Rights Agreement ”), by and between the Company, the Subscriber and NH Credit Partners III Holdings L.P.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Mondee Holdings, Inc. entered into New Warrant Agreement with Continental Stock Transfer & Trust Company (effective 2023-10-17).
- Action
- entry
- Counterparty
- Continental Stock Transfer & Trust Company
- Effective
- 2023-10-17
Exact text from the filing
that certain Registration Rights Agreement, dated September 29, 2022, by and between the Company and certain subscribers thereto, and that certain Warrant Agreement, dated September 29, 2022 (the “ Original Warrant Agreement ”) by and between the Company and Continental Stock Transfer & Trust Company (“ CST ”). On October 17, 2023, the Company completed a subsequent private placement of the Company’s newly designated Series A-3 Preferred Stock, par value $0.0001 per share (the “ Series A-3 Preferred Stock ”), and warrants (the “ Incremental Warrants ” and, together with the Original Warrants, the “ Warrants ”) to purchase shares of Common Stock (the “ 2023 Financing Transaction ”), pursuant to the terms of that certain Subscription Agreement and Plan of Reorganization, dated October 17, 2023 (the “ Subscription Agreement ”), by and between the Company and Tuesday Investor LLC (the “ Sub
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Mondee Holdings, Inc. entered into Subscription Agreement and Plan of Reorganization with Tuesday Investor LLC valued at $10 million (effective 2023-10-17).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Tuesday Investor LLC
- Value
- $10 million
- Effective
- 2023-10-17
Exact text from the filing
r share (the “ Series A-3 Preferred Stock ”), and warrants (the “ Incremental Warrants ” and, together with the Original Warrants, the “ Warrants ”) to purchase shares of Common Stock (the “ 2023 Financing Transaction ”), pursuant to the terms of that certain Subscription Agreement and Plan of Reorganization, dated October 17, 2023 (the “ Subscription Agreement ”), by and between the Company and Tuesday Investor LLC (the “ Subscriber ”), that certain Amended and Restated Registration Rights Agreement, dated October 17, 2023 (the “ A&R Registration Rights Agreement ”), by and between the Company, the Subscriber and NH Credit Partners III Holdings L.P.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.7
Mondee Holdings, Inc. entered into Voting Agreement with certain executive officers and directors, solely in their capacity as stockholders of the Company (effective 2023-10-17).
- Action
- entry
- Counterparty
- certain executive officers and directors, solely in their capacity as stockholders of the Company
- Effective
- 2023-10-17
Exact text from the filing
the Company and certain executive officers and directors, solely in their capacity as stockholders of the Company, entered into a voting agreement relating to appointments to the Company’s board of directors in certain events
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.7
Mondee Holdings, Inc. entered into Letter Agreement with NH Credit Partners III Holdings L.P. (effective 2023-10-17).
- Action
- entry
- Counterparty
- NH Credit Partners III Holdings L.P.
- Effective
- 2023-10-17
Exact text from the filing
t ”), by and between the Company and Tuesday Investor LLC (the “ Subscriber ”), that certain Amended and Restated Registration Rights Agreement, dated October 17, 2023 (the “ A&R Registration Rights Agreement ”), by and between the Company, the Subscriber and NH Credit Partners III Holdings L.P. (the “ MS Investor ” and, together with the Subscriber, the “ Original Subscribers ”) and that certain Warrant Agreement, dated October 17, 2023 (the “ New Warrant Agreement ”), by and between the Company and CST.
View on SEC.gov
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