Primary Offering of
Up to 12,412,500 Shares of Class A Common Stock
Issuable upon Exercise of Warrants
Secondary Offering of
Up to 75,537,500 Shares of Class A Common Stock
and
Up to 337,500 Warrants to Purchase Class A Common
Stock
Mondee Holdings, Inc.
This prospectus supplement
updates and supplements the information contained in the prospectus dated October 3, 2022 (as may be supplemented or amended from time
to time, the “Prospectus”), which forms part of our registration statement on Form S-1 (File No. 333-266277) with the information
contained in our Current Report on Form 8-K which was filed with the Securities and Exchange Commission on October 26, 2022 (the
“Current Report”). Accordingly, we have attached the Current Report to this prospectus supplement.
The Prospectus and this prospectus
supplement relate to the issuance by us of up to an aggregate of 12,412,500 shares of our Class A common stock, $0.0001 par value per
share (the “Class A common stock”), which consists of (i) up to 12,075,000 shares of our Class A common stock that are issuable
upon the exercise of 12,075,000 warrants (the “Public Warrants”) by the holders thereof and (ii) up to 337,500 shares of Class
A common stock that are issuable upon the exercise of 337,500 warrants (the “Private Placement Warrants,” and together with
the Public Warrants, the “Warrants”).
The Prospectus and this prospectus
supplement also relate to the resale from time to time by the selling securityholders named in the Prospectus (the “Selling Securityholders”)
of up to 75,537,500 shares of Class A common stock, including (i) 337,500 shares of Class A common stock that may be issued upon the exercise
of the Private Placement Warratns, (ii) 7,000,000 PIPE Shares (as defined in the Prospectus), (iii) 60,800,000 shares of Class A common
stock issued to Mondee Holdings, LLC and its related entities, and (iv) up to 7,400,000 shares of Class A common stock issuable as Earn-out
Shares (as defined in the Prospectus). We will not receive any proceeds from the sale of shares of Class A common stock or Private Placement
Warrants by the Selling Securityholders pursuant to the Prospectus, except with respect to amounts received by us upon exercise of the
Warrants.
You should read this prospectus
supplement in conjunction with the Prospectus. This prospectus supplement is qualified by reference to the Prospectus except to the extent
that the information in this prospectus supplement supersedes the information contained in the Prospectus. This prospectus supplement
is not complete without, and may not be delivered or utilized except in connection with, the Prospectus. If there is any inconsistency
between the information in the Prospectus and this prospectus supplement, you should rely on the information in this prospectus supplement.
Terms used in this prospectus supplement but not defined herein shall have the meanings given to such terms in the Prospectus.
Our Class A common stock
is currently listed on The Nasdaq Global Market (“Nasdaq”) under the symbol “MOND”, and our Warrants are currently
listed on The Nasdaq Global Market under the symbol “MONDW”. On October 24, 2022, the closing price of our Class A common
stock was $7.62 and the closing price for our Public Warrants was $0.025.
Investing in our securities
involves a high degree of risk. See “Risk Factors” beginning on page 15 of the Prospectus and in the other documents that
are incorporated by reference in the Prospectus.
Neither the Securities
and Exchange Commission nor any state securities commission has approved or disapproved of the securities to be issued under the Prospectus
or determined if the Prospectus or this prospectus supplement is truthful or complete. Any representation to the contrary is a criminal
offense.
The date of this prospectus supplement is October
26, 2022.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
October 25, 2022
Mondee Holdings, Inc.
(Exact name of registrant as specified in its
charter)
Delaware |
|
001-39943 |
|
88-3292448 |
(State or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(I.R.S. Employer
Identification No.) |
10800 Pecan Park Blvd.
Suite 315
Austin, Texas |
|
78750 |
(Address of principal executive offices) |
|
(Zip Code) |
(650) 646-3320
(Registrant’s telephone number, including
area code)
Not Applicable
(Former name or former address, if changed
since last report)
Check the appropriate box below if the
Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ |
Written communications pursuant to Rule 425 under the Securities Act |
|
|
¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act |
|
|
¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act |
|
|
¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
|
Trading
Symbol(s) |
|
Name of each exchange
on which registered |
Class
A common stock, $0.0001 par value per share |
|
MOND |
|
The Nasdaq
Stock Market LLC |
|
|
|
|
|
Warrants
to purchase Class A common stock |
|
MONDW |
|
The Nasdaq
Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
On October 25, 2022, Mondee Holdings, Inc. (the
“Company”) received formal notice from The Nasdaq Stock Market LLC (“Nasdaq”) indicating
that the Company has demonstrated compliance with all applicable criteria for initial listing on Nasdaq, as set forth in Nasdaq Listing
Rule 5405, as required by Nasdaq IM-5101-2. Based on the foregoing, the Company’s securities will remain listed on The Nasdaq Global
Market and the previously-disclosed listing matter has been closed.
As previously disclosed, on July 18, 2022, the
Company received written notice from the Nasdaq Listing Qualifications Department (the “Staff”) indicating that
the Staff had determined to delist the Company’s securities from Nasdaq due the Company’s failure to evidence compliance with
certain of the applicable initial listing criteria immediately upon completion of the business combination by and between the Company
and ITHAX Acquisition Corp. on July 18, 2022. Specifically, the Staff noted that (i) the Company’s
Class A common stock did not satisfy the 1.1 million unrestricted publicly held shares and the $20 million market value of unrestricted
publicly held shares requirements for initial listing and (ii) the Company’s warrants to purchase shares of Class A common stock,
as governed by the Amended and Restated Warrant Agreement, dated as of July 18, 2022, by and between the Company and Continental
Stock Transfer & Trust Company (the “Warrants”) did not qualify for initial listing since the security
underlying the Warrant, the Class A common stock, did not qualify for initial listing on Nasdaq. The Company requested a hearing before
the Nasdaq Hearings Panel (the “Panel”), subsequent to which the Panel granted the Company an extension, through
October 21, 2022 to evidence full compliance with all applicable criteria for initial listing on Nasdaq.