ITHAX Acquisition Corp.
ITHX · Nasdaq
NO ACTION REQUIRED
Nothing left to do
The purchase completed and the shares became shares in the company it bought. There is no deadline left to miss.
Cash at settlement
No cash-per-share figure was filed for this vehicle before it finished.
Last close
Daily close
No price history on file yet — daily closes accumulate from the market data feed.
Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.
SpacBrain’s read
Trust settled
The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).
In plain terms
- What it is
- A SPAC from ITHAX Acquisition Sponsor LLC, listed on Nasdaq in February 2021.
- What it's doing now
- It agreed to buy Mondee Holdings, Inc.. That purchase completed, and it stopped being a SPAC — the shares became shares in the business it bought.
- What you should know
- This SPAC has finished. The purchase completed, and the shares became shares in the company it bought — anyone who wanted the cash instead asked for it at the vote, so there is no cash left here to claim and no deadline left to miss.
At a glance
- Where it stands
- Closed (deSPAC)
- The business it bought
- Mondee Holdings, Inc. — Holdings II, Inc.: Mondee Holdings II, Inc.
- Industry
- the deal record does not name the target's industry yet
- Deal value
- not stated in the filings we hold
- Price vs cash at settlement
- no live price on file
- Cash in trust when it settled
- not yet extracted into a snapshot — the filings below may state it
- the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
- IPO
- 1 February 2021
- size not on file
- Headquarters
- 10800 PECAN PARK BLVD, SUITE 400, AUSTIN, TX, 78750
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- Fintiklis Orestes (Director) · Dullum James (Chief Operating Officer) · Portillo Jesus (Chief Executive Officer)
- Listed securities
- ITHX common
This vehicle has finished, so there is no window to file a cash-per-share figure for and none will follow. No estimate is shown in its place.
Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.
Yield to redemption
Nothing left to redeem — no yield to compute.
This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.
What happened to the cash
The reasoning behind the verdict above, in the order the filings establish it.
- The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).
What has happened, and what is coming
1 dated milestoneEvery dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.
- 1 February 2021IPOpassed
IPO size not on file
The deal
terms as filedWhat it is buying, on what terms, and how much of the combined company new shares take from you.
- closed
What Mondee Holdings, Inc. does — read from mondee.com on 26 August 2026
Mondee is a travel marketplace and AI technology company that provides an AI-powered platform called Abhi for travel agents, experts, influencers, and organizations to plan, book, and manage leisure travel with access to global inventory and discounted rates.
TravelTechnologyArtificial IntelligenceDeal structureSEC-primary — BCA 8-K / S-4 / DEFM14A- Min-cash condition
- $150M
stated in:0001104659-22-080993
The score
deterministic, from filed fieldsITHX is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.
The score is only published for names that carry both a price and a filed cash-per-share figure — 292 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.
The company
from SEC filingsRead the full profile
ITHAX Acquisition Corp. was a blank-check company whose common stock traded on the Nasdaq Stock Market under the ticker ITHX. The company priced its initial public offering on February 1, 2021, under SEC file number 333-251964, pursuant to a registration statement on Form S-1 filed January 8, 2021. The 424B4 prospectus described the registrant as a blank-check company and listed SEC SIC industry code 4700 (Transportation Services). On July 20, 2022, the company filed an 8-K reporting a change in shell company status under Item 5.06, establishing the completion of its business combination. EDGAR now lists CIK 0001828852 under the name Mondee Holdings, Inc.
Material findings
from the full read of every filingEvery document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.
The founder class is carried across rather than collapsed: on the Domestication each ITHAX Class A ordinary share becomes one share of New Mondee Class A common stock and each Class B ordinary share becomes one share of New Mondee Class B common stock, both at $0.001 par. The registered securities are therefore those of the Delaware continuing entity and span two classes, so a share count taken from the Class A line alone does not describe the post-closing register.
Much of the registered stock is ITHAX's own capital converting rather than consideration to Mondee: immediately prior to the PIPE Financing each Class A ordinary share becomes one share of New Mondee Class A common stock and each Class B ordinary share becomes one share of New Mondee Class B common stock, and at the First Effective Time each New Mondee Class B share converts into one New Mondee common share, subject to adjustment. Shareholders vote on the Domestication and the Business Combination as separate items.
The prospectus cover of this amendment carries no date: it reads 'PRELIMINARY-SUBJECT TO COMPLETION, DATED , 2022', with the day and month omitted. Nothing in this document therefore dates the offer, and no date is recorded from it. On the Domestication each Class A ordinary share becomes one share of New Mondee Class A common stock and each Class B ordinary share becomes one share of New Mondee Class B common stock, so the two-class structure survives into the listed company.
Like the amendments around it, this version's prospectus cover is undated — it reads 'PRELIMINARY-SUBJECT TO COMPLETION, DATED , 2022' — so nothing in the document dates the offer and no date is recorded. Shareholders are asked to vote on the Domestication and the Business Combination as separate items, which means the change of jurisdiction can be approved on its own terms and is not simply a mechanical step inside the merger vote.
The renamed SPAC and its target differ by one numeral: the domesticated registrant becomes Mondee Holdings, Inc. while the company it acquires is Mondee Holdings II, Inc., so name-based matching will confuse the acquirer with the acquired. Shareholders vote separately on the Domestication and on the Business Combination, which are distinct approvals rather than one. ITHAX Class A ordinary shares carry a par value of $0.001, ten times the $0.0001 that the same cover language uses for most vehicles, and each converts into one share of Class A common stock immediately before the PIPE financing.
The conversion happens in two stages that a single ratio cannot express. On the domestication each Class A ordinary share becomes one share of New Mondee Class A common stock and each Class B ordinary share becomes one share of Class B common stock; only at the First Effective Time does each Class B share convert into one share of Class A common stock, and that second step is expressly subject to adjustment. Warrants become rights to buy one share at $11.50 under an amended and restated warrant agreement to be dated at closing. Par value is stated as $0.001 per share throughout.
Show 1 more material filings
Shareholders vote on the Domestication and the Business Combination as separate items at an extraordinary general meeting, ITHAX still being a Cayman Islands exempted company when the vote is taken. On the closing date each Class A and each Class B ordinary share of $0.001 par value converts into one share of New Mondee Class A common stock of $0.0001 par value, so the conversion is one-for-one in number while the stated par value falls tenfold. The cover date is left blank, and no meeting date appears, so none is recorded.
Filings
live EDGAR feedEverything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.
Show the other 10 filings
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
ITHAX Acquisition Sponsor LLCnamed as sponsor in this SPAC’s filings — but with no researched track record behind it yet.
A missing score, not a score of zero — why
A Sponsor Score is only published once the sponsor’s prior vehicles have been verified on EDGAR and their post-close outcomes priced. That record does not exist for this sponsor yet, so no number and no tier is shown. That is a missing score, not a score of zero — and not a neutral 50 either.
Coverage so far: 301 of 1283 tracked SPACs (23%) are attached to a scored sponsor. This card fills in by itself as the research lands.
The record
The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.
Show the reference detail
Unit structure
from 424B3 0001628280-23-030258
Trading & liquidity
Company profile
Directors & officers
- Fintiklis OrestesDirector
- Dullum JamesChief Operating Officer
- Portillo JesusChief Executive Officer
- Gundumogula PrasadChief Executive Officer
- Pasupuleti VenkatChief Technology Officer
Institutional holders
from SC 13G/13DFunds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.
Show the declared stakes
6 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.
- MONDEE HOLDINGS, LLCwith 1 other reporting person on the same schedule83.1% · SC 13DJul 28, 2022 stale
- FLY OCP LLCwith 2 other reporting persons on the same schedule11.0% · SC 13GJan 24, 2024 stale
- MORGAN STANLEYwith 4 other reporting persons on the same schedule10.0% · SC 13G/AFeb 12, 2024 stale
- ITHAX Acquisition Sponsor, LLCwith 2 other reporting persons on the same schedule5.2% · SC 13D/AOct 4, 2022 stale
- Beryl Capital Management LLCwith 2 other reporting persons on the same schedule0.0% · SC 13G/AFeb 14, 2023 stale
- ARISTEIA CAPITAL LLC0.0% · SC 13G/AFeb 10, 2023 stale
One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.
News
company wires and the financial pressReporting we have matched to this ticker. Headlines belong to the outlets that wrote them.
Show the headlines
- ITHAX Acquisition Corp. and Mondee, Inc. Announce ...
Nasdaqundated by the source
- ITHAX Acquisition Corp. and Mondee, Inc. Announce Completion of Business Combination
Business Wireundated by the source
- Tabhi acquires Mondee out of Chapter 11 Restructuring and Boosts Liquidity and Capital Structure
GlobeNewswireApr 4, 2025
Sources on file
harvested pages, kept in fullEvery public page we have read about this company, stored in full so a source can never go missing.
Show the sources
32 full SEC filing texts archived — searchable, never lost.
- Vault note — ITHX (ITHAX Acquisition Corp.)
vault-note · /vault/tickers/ITHX
- Vault deal note — Mondee Holdings, Inc. (ITHX)
vault-note · /vault/deals/mondee-holdings-inc
- Tabhi acquires Mondee out of Chapter 11 Restructuring and
news · globenewswire.com
- Mondee - 2026 Company Profile, Team, Funding, Competitors & Financials - Tracxn
news · tracxn.com
- Mondee - The Ultimate Travel App & Affiliate Program for Influencers
company-site · mondee.com
- Mondee - Leading Travel Booking System for Travel Agents & Experts
company-site · mondee.com
- Mondee - World-Class Airline, Hotel, Cruise & Car Rental Partners
company-site · mondee.com
- Mondee - The World’s Leading App for Travel Professionals
company-site · mondee.com
In plain English
tap a term to open itEvery piece of jargon this page could have used, and what it actually means.
Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected
A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Broker action datethe day your broker needs the instruction — earlier than the official date
Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Trust discountbuying below the cash held for you
Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.
Dilutionhow much of the company new shares take from you
Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.
Pro-forma equitywhat the company is valued at once the deal closes
The combined company's equity value assuming the announced terms and the redemptions that have actually happened.
ARShow much upside you get per unit of downside
SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.
De-SPACthe day the SPAC becomes the real company
The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.
Outside datethe contractual long-stop for closing the deal
A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.
Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since
A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.
Ask the brain
from its filingsData provenance & audit trail3 internal entries
Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.
admitted from EDGAR's QUARTERLY FORM INDEX, walked without any SIC filter. The SIC 6770 census could not reach this registrant: EDGAR reassigns a shell's SIC the day it stops being one, and this CIK now files under 4700 (Transportation Services). The screen found it by filing SHAPE instead — S-1 2021-01-08 → 8-A12B 2021-01-26 → 424B4 2021-02-01 — which nothing rewrites. Admission rule: src/lib/universe-admit.ts. SIC 4700 + self-described blank check in 424B4 0001104659-21-009629; 424B 0001104659-21-009629 priced 2021-02-01 under S-1 0001104659-21-002452 (file 333-251964, an offering for cash); common ticker ITHX off 10-Q 0001410578-22-001207 (2022-05-09); lifecycle EXITED. The pricing prospectus was filed under SEC file number 333-251964, which belongs to S-1 0001104659-21-002452 (2021-01-08) — a registration of shares sold for CASH, which is what makes it an IPO rather than merger consideration. Blank-check status from the registrant's own first-person sentence in that prospectus (EDGAR full-text search, 424B4 2021-02-01). Ending PROVEN, not inferred: CLOSED per 8-K 0001104659-22-080993 (2022-07-20) — 8-K item 5.06 "Change in Shell Company Status" (EDGAR item index, items: 1.01,2.01,3.02,3.03,4.01,5.01,5.02,5.03,5.05,5.06,7.01,8.01,9.01). EDGAR now files this CIK as "Mondee Holdings, Inc." — the SPAC's own name is kept here and the successor is the target. ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.
sponsor "ITHAX Acquisition Sponsor LLC" sourced from prospectus definition (10-K/A) acc 0001828852-23-000036.
[CLOSED-RENAME] EDGAR CIK 0001828852 records "ITHAX Acquisition Corp." ending 2022-07-15; the registrant continues as "Mondee Holdings, Inc.". The rename is the SEC's own record of what the vehicle became, keyed by CIK. Closed 2022-07-15. No deal value is set — a rename says what was acquired, never for how much. No date column is set: Deal has announcedAt, voteDate and expectedCloseAt and nowhere to record an actual close, so the SEC's date is kept here until that column exists. [DEAL-STRUCTURE-MINED] minCashM=150 from primary filings (0001104659-22-080993).