ITHAX Acquisition Corp.
Completed 2022-07-18- CIK 1828852
- ITHX
- Now MOND
- IPO 2021-02-01
- $242M trust
- 386 filings
Successfully merged with Mondee Holdings II, Inc. • Now trading as MOND
- IPO Size
- $242M
- raised at the IPO
- Trust
- $242M
- as of 2022-06-30
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2021
- year it listed
Filings, by quarter
386 filings over 19 quarters; violet bars carry a milestone
- 20 Q4: 1 filing
- 21 Q1: 20 filings
- 21 Q2: 2 filings
- 21 Q3: 1 filing
- 21 Q4: 14 filings
- 22 Q1: 17 filings
- 22 Q2: 44 filings
- 22 Q3: 66 filings
- 22 Q4: 44 filings
- 23 Q1: 22 filings
- 23 Q2: 46 filings
- 23 Q3: 29 filings
- 23 Q4: 15 filings
- 24 Q1: 17 filings
- 24 Q2: 25 filings
- 24 Q3: 9 filings
- 24 Q4: 6 filings
- 25 Q1: 6 filings
- 25 Q2: 2 filings
- S-1 filed 20 Q4
- IPO 21 Q1
- Definitive agreement 21 Q4
- Completed 22 Q3
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
ITHAX Acquisition Corp. is a blank-check company formed to complete a business combination. It intends to focus on businesses in the leisure, hospitality, travel, and related services sectors, with an enterprise value above $600 million and positioning in the United States and selected international markets.
Investment Focus
Leisure, Hospitality, Travel
Geographic Focus
United States, Latin America, Caribbean, Europe
Key Information
As the filings state it
- IPO Date
- 2021-02-01
- Total Redemptions
- $234M
- PIPE
- $70M
- SIC
- 6770
- Completion Date
- 2022-07-18
- Merger Target
- Mondee Holdings II, Inc.
- SPAC Ticker
- ITHX
- Merged Ticker
- MOND
Stock Performance
MONDTrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2022-07-19 | $11.05 | |
| 6 Months Post-Merger | 2023-01-18 | $9.24 | +1% |
| 1 Year Post-Merger | 2023-07-19 | $6.71 | -27% |
| 2 Years Post-Merger | 2024-07-18 | $2.65 | -71% |
| Current Price | 2025-01-14 | $0.26 | -98% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
The team combines experience in hospitality and real estate investments, asset management and operations, and transaction, finance, and investment advisory work. It includes leaders with hotel and resort investment and operating experience, investment banking backgrounds, and prior SPAC experience.