Aurora Technology Acquisition and DIH Technology Ltd., a global robotics and virtual reality technology provider in the rehabilitation and human performance industry, announced they have signed a non-binding Letter of Intent for a potential business combination.
Under the terms of the LOI, DIH’s shareholders would roll 100% of their equity into the combined public company. ATAK and DIH expect to announce additional details regarding the business combination when a definitive agreement is executed, which is expected before Jan. 31, 2023.
DIH owns brands like HOCOMA and Motek, with more than 4,500 robots and advanced VR-based movement systems installed in 70 countries. DIH’s principal customers include advanced research centers, innovative rehabilitation hospitals, and healthcare clinics. Read more.
