secwatch / observer
8-K filed November 17, 2023, 6:59 PM ET CIK 0001828852
M&A confidence high sentiment positive materiality 0.60

Mondee Holdings, Inc.: M&A transaction — Mondee acquires AI company Purplegrids in all-share transaction; 1.9M shares upfront plus earn-out

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 Joseph Vijay Raj John and the other sellers for total consideration of (i) 1,900,000 shares of Class A common stock of Mondee, par value $0.0001 per share, on the Closing Date, which shall be subject to lock- (closed 2023-11-13).

Action
acquisition
Counterparty
Joseph Vijay Raj John and the other sellers
Consideration
total consideration of (i) 1,900,000 shares of Class A common stock of Mondee, par value $0.0001 per share, on the Closing Date, which shall be subject to lock-
Closing
2023-11-13
Exact text from the filing
In exchange for the Target Shares, Buyers agreed to pay Sellers total consideration of (i) 1,900,000 shares of Class A common stock of Mondee, par value $0.0001 per share, on the Closing Date
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

Mondee Holdings, Inc. entered into Stock Purchase Agreement with Joseph Vijay Raj John and other sellers valued at Consideration of 1,900,000 shares of Class A common stock on closing date plus earn-out of up to 1,0 (effective 2023-11-13).

Action
entry
Agreement
asset purchase
Counterparty
Joseph Vijay Raj John and other sellers
Value
Consideration of 1,900,000 shares of Class A common stock on closing date plus earn-out of up to 1,0
Effective
2023-11-13
Exact text from the filing
Item 1.01 Entry into a Material Definitive Agreement On November 13, 2023 (the “ Closing Date ”), Mondee Holdings, Inc., a Delaware corporation ( “ Mondee ”), and its wholly-owned subsidiary, Mondee, Inc., a Delaware corporation (together with Mondee, the “ Buyers ”), entered into that certain Stock Purchase Agreement, dated November 13, 2023 (the “ Purchase Agreement ”), with Joseph Vijay Raj John and the other sellers thereto (together, the " Sellers ").
View on SEC.gov

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Source: SEC EDGAR
accession 0001828852-23-000184
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