It’s not the easiest time to take a travel technology-themed company like Silicon Valley airfare consolidator Mondee public, especially via a merger with a special purpose acquisition company (or SPAC). All four 2023 travel SPAC-merger deals to go public identified by Skift have fallen since stocks began trading, by an average of 55 percent. Short-term rental company Sonder, which announced layoffs June 9, is off 86 percent.

So should Mondee, which arranges special deals for members of affinity groups and other travelers, expect to be different? And, to ask a harsher question, is there really much way to even know from the scanty disclosure in public filings preceding the deal?

The answers are, maybe and not easily.