Mondee announces receipt of non-compliance letter from nasdaq; prasad gundumogula takes leave of absence as ceo; mondee appoints jesus portillo as ceo

Austin, texas, nov. 26, 2024 (globe newswire) -- mondee holdings, inc. (nasdaq: mond) (“mondee” or the “company”), a leading travel marketplace and artificial intelligence (ai) technology company, announced today that the company received a notification letter from the listing qualifications department of the nasdaq stock market llc (“nasdaq”) stating that the company is not in compliance with nasdaq listing rule 5250(c)(1), which requires timely filing of reports with the u.s. securities and exchange commission. the november 20, 2024 letter was sent as a result of the company's delay in filing its quarterly report on form 10-q for the three month period ended september 30, 2024 (the “form 10-q”).
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