ITHAX Acquisition Corp.
ITHX
NASDAQ Capital Market10.13
USD
-3.86
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ITHAX Acquisition Corp.
ITHX
(NASDAQ Capital Market)
Recent
price
10.13
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- ITHAX Acquisition Corp. (Nasdaq: ITHX) is a blank check company, or special purpose acquisition company (SPAC), incorporated in the Cayman Islands in 2020 and headquartered in New York; it focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, primarily targeting the leisure, hospitality, travel and related technology and services sectors with enterprise values exceeding $600 million, with primary operations in the United States and secondary focus in Europe, Asia and Latin America. The company, formed by the founder of Ithaca Capital Partners and principals of AXIA Ventures Group, conducted an upsized initial public offering in January 2021 raising $241.5 million and maintains no significant current operations beyond pursuing such transactions. In a major development, ITHAX completed a business combination with Mondee Holdings II, Inc. in July 2022, through which its shareholders approved the merger on July 15, 2022, supported by a fully funded $70 million PIPE investment, resulting in the combined entity trading as Mondee Holdings, Inc. (Nasdaq: MOND); post-merger, ITHAX shares converted to Mondee common stock, with ITHAX ceasing independent operations as a distinct SPAC entity.
ITHAX Acquisition (ITHX) Shareholders Approves Combination With Mondee
Elliott Management Backs SPAC Deal for Travel-Tech Company Mondee
Mondee, the Technology-First, Fast Growing Travel Market Disruptor, To Go Public Through Business Combination with ITHAX Acquisition Corporation