DIH HOLDING US, INC.: debt financing — Aurora Tech SPAC extends deadline to May 9, 2023 via $135K trust deposit; issues $100K working capital note

DIH HOLDING US, INC.

Sponsor deposited $135,000 into trust account to extend business combination deadline from April 9 to May 9, 2023.
The $135,000 drawdown was from a previously disclosed $810,000 Extension Note (no interest, repayable upon business combination or liquidation).
Company also issued a new $100,000 unsecured working capital note to sponsor (Second Working Capital Note) for working capital.
Both notes bear no interest and mature upon business combination or liquidation of the Company.
Stockholders are not entitled to vote or redeem shares in connection with this extension.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

DIH HOLDING US, INC. incurred loan of $100,000.00 with ATAC Sponsor LLC at does not bear interest maturing upon the earlier of (i) two (2) days following the date on which the Company’s initial business combination is consummated and (ii) the date of the liquidation.

Instrument: loan
Principal: $100,000.00
Counterparty: ATAC Sponsor LLC
Rate: does not bear interest
Maturity: upon the earlier of (i) two (2) days following the date on which the Company’s initial business combination is consummated and (ii) the date of the liquidation
Event: incurrence

Exact text from the filing

On April 6, 2023, the Company issued an unsecured promissory note (the “Second Working Capital Note”) in the amount of $100,000.00 to the Sponsor

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

DIH HOLDING US, INC. incurred loan of $135,000.00 with ATAC Sponsor LLC.

Instrument: loan
Principal: $135,000.00
Counterparty: ATAC Sponsor LLC
Event: incurrence

Exact text from the filing

On April 6, 2023, pursuant to the Extension Note, the Company delivered to the Sponsor a written request to draw down $135,000.00

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Source: SEC EDGAR

accession 0001193125-23-094652

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