Mondee Inc. is near a take care of a special-purpose acquisition firm that will worth the travel-technology agency at about $1 billion and take it public, individuals conversant in the matter mentioned.
Mondee, which operates a software program platform that primarily connects journey brokers and different corporations with airways available in the market for privately priced discounted flights, is nearing a merger with the SPAC ITHAX Acquisition Corp., the individuals mentioned. The deal could possibly be introduced as quickly as Monday.
