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Aurora Technology (ATAK) Shareholders Approve DIH Deal

Aurora Technology (ATAK) Shareholders Approve DIH Deal

Aurora Technology (NASDAQ:ATAK) announced this afternoon that its shareholders approved its business combination with global robotics and virtual reality (“VR”) technology provider DIH Holding US during a special meeting held on December 18.

At the meeting, holders of 7,998,093 ordinary shares were present in person or by proxy, representing 75.03% of the voting power of ATAK’s ordinary shares, and constituting a quorum for the transaction.

In connection with the vote, holders of 4,815,153 Class A ordinary shares of the ATAK properly exercised their right to redeem their shares for cash at a redemption price of approximately $11.03 per share, for an aggregate redemption amount of approximately $53,122,687.91.

Following the completion of the deal, the common stock of DIH is expected to begin trading on The Nasdaq under the proposed new ticker symbol “DHAI” and the warrants are expected to trade on The Nasdaq under the proposed new ticker symbol “DHAIW”.

Aurora Technology initially announced its $321.9 million combination with DIH Holding US in February. Beijing, China-based DIH develops robotics for rehabilitation and virtual reality for human performance.