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DIH Holding US, Inc. Closes Business Combination with Aurora Technology Acquisition Corporation; Announces Updated Date for Commencement of Trading
ATAKAurora Technology Acquisition (ATAK) Newsfilter·2024-02-07 23:31

Core Insights - DIH Holding US, Inc. has completed its business combination with Aurora Technology Acquisition Corp., allowing DIH to trade on Nasdaq under the ticker "DHAI" for its Class A common stock and "DHAIW" for its warrants [1][2] - The company aims to leverage the cash from this business combination to expand its market presence and solidify its position as a leader in robotic and VR-enabled rehabilitation technology [1][2] Company Overview - DIH is focused on delivering innovative care solutions for patients with disabilities and functional impairments, integrating robotic and VR technologies with clinical insights [4] - The company is positioned as a transformative provider in a fragmented industry, aiming to consolidate various niche technologies [4] Leadership and Governance - The combined company will be led by Jason Chen as president and CEO, supported by a seasoned executive team and a diverse Board of Directors [3] - The Board includes notable members such as Lynden Bass, Dr. Patrick Bruno, Max Baucus, F. Samuel Eberts III, Ken Ludlum, and Cathryn Chen [3] Strategic Goals - DIH plans to expand its global commercial efforts by partnering with leading institutions worldwide to enhance the quality of rehabilitative technology available [2]