Mondee enhances capital structure with additional preferred equity, expands share repurchase program to up to $40 million

Austin, texas, oct. 17, 2023 (globe newswire) -- mondee holdings, inc. (nasdaq: mond) (“mondee” or the “company”), the high-growth, travel technology company and marketplace, with a portfolio of globally recognized platforms in the leisure and corporate travel sectors, today announced the increase of its existing preferred equity financing by up to $15 million. consequently, the company's board of directors has authorized a $10 million expansion of the company's on-going share repurchase program, bringing the total size of the common stock repurchase program authorized by the board of directors to up to $40 million. all other terms of the repurchase program remain unchanged.
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