ITHAX Acquisition Corp.
ITHXU
NASDAQ Capital Market11.48
USD
-3.02
- -
CIK
0001828852
ISIN
KYG497751100
Return %
Stock
S&P500
1Y
14.34
26.84
3Y
13.78
77.03
5Y
13.78
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Orestes Fintiklis
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 555 Madison Avenue New York City NY United States of America 10022
- IPO Date
- Jan 26, 2021
- CIK
- 0001828852
- Website
- ithaxacquisitioncorp.com
- Similar Companies
- Business
- ITHAX Acquisition Corp is a special purpose acquisition company (SPAC) focused on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination within the leisure, hospitality, travel, and related technology and services sectors. The company targets businesses with an enterprise value exceeding $600 million, operating primarily in the United States, with secondary interests in Europe, Asia, and Latin America. Founded as a Cayman Islands exempted company, ITHAX has been instrumental in a significant recent transaction involving the travel technology company Mondee Holdings II, Inc., which it merged with in a reverse merger valued at approximately $1 billion. This business combination transitioned ITHAX's ordinary shares to Mondee Holdings, Inc., which is now publicly traded on Nasdaq under the ticker symbols MOND (common stock) and MONDW (warrants). Mondee provides a comprehensive technology platform offering software as a service (SaaS), mobile, and cloud products designed for leisure and corporate travel markets, processing over 50 million daily searches and substantial transactional volume annually. The combined company spans operations across the United States, Canada, India, Thailand, and Ireland. ITHAX Acquisition Corp was originally formed by Ithaca Capital Partners and AXIA Ventures Group Limited, with a focus on leveraging next-generation technologies including AI and digital assets in its target sectors. The business combination with Mondee, completed in mid-2022, marks the latest major development for ITHAX and represents a strategic shift from SPAC to operating company within travel technology and services. The headquarters of ITHAX are established in the Cayman Islands, with operational offices related to Mondee spread globally. This transition reflects ITHAX’s strategic expansion into a broad travel technology platform with significant SaaS, cloud, and mobile product offerings serving a global customer base.
ITHAX Acquisition Corp. Announces Closing of Upsized $241.5 Million Initial Public Offering