Mondee announces $85 million preferred equity financing to support its expansion strategy

Austin, texas, sept. 29, 2022 (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 and brands in the leisure and corporate travel sectors, today announced that it closed a private offering (the “preferred financing”) of $85 million of its series a preferred stock (the “preferred stock”). proceeds from the preferred financing will be used to fund mondee's m&a strategy, other growth opportunities and general corporate purposes.
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