DIH HOLDING US, INC.: M&A transaction — DIH Holding US (formerly ATAK) closes $250M de-SPAC merger; lists on Nasdaq as DHAI

DIH HOLDING US, INC.

Business Combination closed Feb 7, 2024; DIH stockholders received $250M in New DIH Class A common stock at $10/share.
New DIH issued 40,544,936 shares; Class A common (DHAI) and warrants (DHAIW) began trading on Nasdaq on Feb 9, 2024.
Up to 6M earnout shares issuable if VWAP exceeds $12-$16.50 for 20 trading days within 5 years.
Board appointed: Jason Chen (34.7% indirect), Cathryn Chen (12%), independent directors Max Baucus, Ken Ludlum, F. Samuel Eberts III.
Issued 229,797 unregistered shares to vendors; $7.07M deferred underwriting fee converted to shares.

item 1.01 item 2.01 item 9.01 item 2.02 item 3.02 item 3.03 item 5.01 item 5.02 item 5.03 item 5.05 item 5.06 item 8.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DIH HOLDING US, INC. reported financial results for six months ended September 30, 2023.

Period: six months ended September 30, 2023
Result: reported results

Exact text from the filing

On February 20, 2024, New DIH issued a press release reporting the results of operations for DIH for the six months ended September 30, 2023.

View on SEC.gov

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

DIH HOLDING US, INC. underwent a change of control involving Aurora Technology Acquisition Corp. for $250,000,000 in the form of newly-issued shares of New DIH Class A common stock valued at $10.00 per share (closed 2024-02-07).

Action: change of control
Counterparty: Aurora Technology Acquisition Corp.
Consideration: $250,000,000 in the form of newly-issued shares of New DIH Class A common stock valued at $10.00 per share
Closing: 2024-02-07

Exact text from the filing

DIH with DIH as the surviving corporation of the transaction and becoming a wholly owned subsidiary of New DIH; (b) the issued and outstanding shares of DIH were exchanged for $250,000,000 in the form of newly-issued shares of New DIH Class A common stock valued at $10.00 per share (the “ Aggregate Base Consideration ”); (b) DIH’s financial advisor received 700,000

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

DIH HOLDING US, INC. entered into Business Combination Agreement with ATAK (effective 2024-02-07).

Action: entry
Agreement: merger
Counterparty: ATAK
Effective: 2024-02-07

Exact text from the filing

he Business Combination Agreement which is included by reference as Exhibit 2.1 to this Current Report on Form 8-K and is incorporated

View on SEC.gov

Browse all earnings releases →

Source: SEC EDGAR

accession 0001493152-24-007083

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.