Mon, May 20, 9:04 PM (67 days ago)
The Amendment No. 1 on Form 10-K/A for DIH Holding US, Inc. corrects a typographical error in the date of the Report of Independent Registered Public Accounting Firm. The original filing date of "April 29, 2023" has been amended to "April 29, 2024." This amendment does not reflect any other changes or updates to the originally filed Form 10-K. DIH Holding US, Inc., formerly Aurora Technology Acquisition Corp., completed its IPO on February 9, 2022, raising $202 million. The company, a blank check entity, merged with DIH Holding US, Inc., a Nevada corporation, on February 7, 2024. DIH specializes in robotic and VR technologies for rehabilitation. As of December 31, 2023, DIH had cash of $12,355 and marketable securities in a Trust Account totaling $58.6 million. The company reported a net income of $640,196 for the year ended December 31, 2023, primarily driven by interest income and gains on extinguishment of liabilities, offset by operating expenses. The company had significant working capital deficits and incurred substantial costs, raising concerns about its ability to continue as a going concern before the Business Combination. Future prospects include leveraging its innovative products and expanding into new markets, though challenges such as regulatory compliance, cybersecurity risks, and market acceptance remain.