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Announced

DIH Technology to go public via a SPAC merger with Aurora Technology Acquisition in a $322m deal.

Synopsis

DIH Technology, a robotics and virtual reality technology provider in the rehabilitation and human performance industry, agreed to go public via a SPAC merger with Aurora Technology Acquisition, a publicly-traded special purpose acquisition company, in a $322m deal. "We are thrilled to become a public company through the merger with ATAK. Being a public company, we will have the resources to significantly expand our global growth and value-delivery platform; to meet the increasing demand and enthusiasm for our robotic and VR enabled solutions around the world; and to accelerate our "Total Solution" strategy through innovations and consolidation. All those will greatly benefit our customers, patients, partners, and the industry as a whole. Our mission is to transform the fragmented rehabilitation care model and deliver inspirational effects that positively impact millions of lives, from therapists to patients. By becoming a public company, we are confident that we can achieve this mission and continue to innovate and empower the highest level of care to our customers and patients," Jason Chen, DIH Chairman and CEO. On February 27, 2023, DIH and Aurora entered into a definitive business combination agreement.

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