NORWELL, Mass. and SAN FRANCISCO, Feb. 07, 2024 (GLOBE NEWSWIRE) — DIH Holding US, Inc., a leading global robotics and virtual reality technology provider in the rehabilitation and human performance industry, today announced that it has completed its business combination with Aurora Technology Acquisition Corp. (NASDAQ: ATAK), a publicly-traded special purpose acquisition company. DIH will use the cash from the business combination to grow a strategic market base and expand its position as the leading global provider of robotic and VR-enabled rehabilitation technology.
DIH’s Class A common stock and Warrants will begin trading on the Nasdaq Global Market (NasdaqGM) and Nasdaq Capital Market (NasdaqCM), respectively, on February 9, 2024.
“We are thrilled to announce the closing of the business combination and look forward to operating as a public company and furthering our mission of bringing innovative care to patients across a broad continuum of care,” said Jason Chen, Chairman and Chief Executive Officer of DIH. “DIH will continue to expand its global commercial efforts, partnering with best-in-class institutions around the world and strive to offer the highest quality of rehabilitative technology on the market.”
“We are excited to have completed our Business Combination with DIH, a company dedicated to resolving unmet medical demands for so many people with disability and functional impairments,” added Zachary Wang, the Chief Executive Officer of ATAK.
The combined company will be led by Jason Chen as president and chief executive officer, alongside his highly experienced executive team. The combined Company’s Board of Directors will include Jason Chen, Lynden Bass, Dr. Patrick Bruno, Max Baucus, F. Samuel Eberts III, Ken Ludlum and Cathryn Chen.
Maxim Group LLC is serving as exclusive financial advisor to DIH. Loeb & Loeb LLP is serving as legal counsel for DIH, and Dentons U.S. LLP is serving as legal counsel for ATAK.
About DIH Holding US, Inc.
DIH stands for the vision to “Deliver Inspiration & Health” to improve the functioning of millions of people with disability and functional impairments. DIH is a global solution provider in blending innovative robotic and virtual reality (“VR”) technologies with clinical integration and insights. Built through the mergers of global-leading niche technologies providers, DIH is positioning itself as a transformative total smart solutions provider and consolidator in a largely fragmented and manual-labor-driven industry.
DIH website: www.DIH.com
About Aurora Technology Acquisition Corp.
Aurora Technology Acquisition Corp. is a Cayman Islands-exempted, San Francisco-based, special purpose acquisition corporation that re-domesticated to Delaware in connection with the business combination. ATAK was formed as a blank-check company with the purpose of entering into a merger with a high-growth technology company, which preferably is founded by Asian or Asian-American entrepreneurs who are building a global enterprise supported by forward-thinking visions and innovative frontier technologies. ATAK website: https://www.auroraspac.com/
