Booking Platform Mondee Files for Bankruptcy
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The bankruptcy comes after Mondee was delisted in December.
Mondee, a booking platform for travel agents, on Tuesday filed for bankruptcy with plans to restructure the company and sell its assets.
After the Chapter 11 filing, Mondee said on Wednesday that it plans to sell its assets to affiliates of TCW Asset Management and Wingspire Capital, and form a new entity, pending legal approval.
The company was delisted from Nasdaq on December 6 for failure to file an earnings report for the third quarter of 2024. The company in late November said that it would not appeal the delisting and that its CEO, Prasad Gundumogula, would be taking
