Item 8.01. Other Events
As previously announced, ITHAX Acquisition Corp. ("ITHAX" and, after the
Domestication as described below, "New Mondee" or the "Company"), a Cayman
Islands exempted company, previously entered into that certain Business
Combination Agreement, dated as of December 20, 2021 (as may be amended,
supplemented or otherwise modified from time to time, the "Business Combination
Agreement"), by and among ITHAX, Ithax Merger Sub I, LLC, a Delaware limited
liability company and wholly owned subsidiary of ITHAX ("First Merger Sub"),
Ithax Merger Sub II, LLC a Delaware limited liability company and wholly owned
subsidiary of ITHAX ("Second Merger Sub") and Mondee Holdings II, Inc., a
Delaware corporation ("Mondee") (the transactions contemplated by the Business
Combination Agreement, the "Business Combination"). In connection with the
Business Combination, ITHAX will domesticate as a Delaware corporation and
change its name to "Mondee Holdings, Inc."
Pursuant to ITHAX's existing amended and restated memorandum and articles of
association, a holder of ITHAX's public Class A ordinary shares, par value
$0.001 per share (the "public shares") may request of ITHAX that New Mondee
redeem all or a portion of its public shares for cash if the Business
Combination is consummated. Holders of public shares had to complete the
procedures for electing to redeem their public shares in the manner described in
the Company's definitive proxy statement /prospectus filed with the U.S.
Securities and Exchange Commission on June 27, 2022, and mailed to shareholders
on or about June 27, 2022 prior to 5:00 p.m., Eastern Time, on July 13, 2022 in
order for their shares to be redeemed. As of July 15, 2022, the Company has
received redemption requests for 24,011,532 Class A shares in connection with
the Business Combination.
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ITHX ACQU 