DIH HOLDING US, INC.: debt financing — Aurora Tech Acquisition extends business combination deadline to June 9, 2023

DIH HOLDING US, INC.

Sponsor deposited $135k into trust to extend deadline from May 9 to June 9, 2023.
Third working capital note of $100k issued to sponsor on May 2, 2023, unsecured, non-interest bearing.
Prior working capital notes: $90k (Feb 8) and $100k (Apr 6), also from sponsor.
Extension note of $810k (Mar 3) drawn $135k for this extension, bears no interest.
Stockholders not entitled to vote or redeem shares in connection with this extension.

item 1.01 item 2.03 item 8.01 item 9.01

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 $135,000.00 with ATAC Sponsor LLC.

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

Exact text from the filing

Pursuant to the Extension Note, on May 5, 2023, the Company delivered to the Sponsor a written request to draw down $135,000.00 for the purpose of extending the date by which the Company has to consummate a business combination (the “Combination Period”). Upon this written request, the Sponsor deposited $135,000.00 to the Company’s Trust Account.

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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 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
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 May 2, 2023, the Company issued an unsecured promissory note (the “Third Working Capital Note”) in the amount of $100,000.00 to the Sponsor, in exchange for the Sponsor depositing such amounts in the Company’s working capital account, in order to provide the Company with additional working capital. The Third Working Capital Note does not bear interest, and matures (subject to the waiver against trust provisions) 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 of the Company.

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Source: SEC EDGAR

accession 0001493152-23-015612

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