DIH HOLDING US, INC.: debt financing — Aurora Technology extends business combination deadline to August 9, 2023 with $135,000 trust deposit

DIH HOLDING US, INC.

Sponsor deposited $135,000 into trust to extend combination deadline from July 9 to August 9, 2023.
Extension funded via $135,000 draw down on existing $810,000 promissory note (Extension Note) issued March 3, 2023.
Company issued $100,000 unsecured working capital note to sponsor, non-interest, matures upon business combination or liquidation.
No stockholder vote or redemption rights triggered by 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 Sponsor.

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

Exact text from the filing

on July 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”).

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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 Sponsor 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: Sponsor
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 July 7, 2023, the Company issued an unsecured promissory note (the “July 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.

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Source: SEC EDGAR

accession 0001493152-23-024039

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