Mondee takes strategic action to position the company for long-term growth

Austin, texas, jan. 14, 2025 (globe newswire) -- mondee holdings, inc. (otc: mond) (“mondee” or the “company”), a leading travel marketplace and artificial intelligence (ai) technology company, today announced that it has entered into a restructuring support agreement which outlines a series of transactions that will strengthen the company's balance sheet and position it for long term success, including a term sheet to sell substantially all of the assets of the company to a newly formed entity owned by, among others, affiliates of tcw asset management company llc and wingspire capital llc (the “tcw bid”). if the tcw bid is the successful one, following the closing of the sale, mr. prasad gundumogula will have a 75% equity stake in, and serve as ceo of, the newly formed entity.
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