DIH HOLDING US, INC.: debt financing — Aurora Technology Acquisition Corp. issues $75K promissory note to sponsor for working capital

DIH HOLDING US, INC.

Issued unsecured promissory note for $75,000 to ATAC Sponsor LLC on October 24, 2023.
Note bears no interest and matures upon consummation of initial business combination or liquidation.
Proceeds used for general working capital purposes.
Sponsor waives claims against the trust account, except for distributions to public shareholders after redemptions.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

DIH HOLDING US, INC. incurred loan of $75,000.00 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: $75,000.00
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 October 24, 2023, the Company issued an unsecured promissory note (the "October Working Capital Note") in the amount of $75,000.00 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 October 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 0001493152-23-038147

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