Aurora Technology Acquisition in an 8-K announced that its shareholders vote to combine with DIH Holding US, a robotics and virtual reality tech provider based in Beijing.
The deal was announced in February, originally at an enterprise value of approximately $321.9 million.
Aurora Technology said 4,815,153 shares were redeemed at $11.03 per share, removing just over $53 million from the trust. The SPAC held about $58 million in trust as of March.
Once the deal closes, DIH shares and warrants are expected to list on the Nasdaq under the proposed new ticker symbols DHAI and DHAIW.
Equity holders of DIH will be entitled to receive up to $60 million in stock depending on certain stock price-based thresholds being achieved within five years from closing. Read more.
