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Aurora Tech Acquisition Overcomes Nasdaq Challenge, Completes DIH Deal | FinOracle

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    Aurora Tech Acquisition Overcomes Nasdaq Challenge, Completes DIH Deal | FinOracle

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Aurora Tech Acquisition Overcomes Nasdaq Challenge, Completes DIH Deal

Aurora Technology completes merger with DIH Holding US, after receiving Nasdaq approval to list under the symbol DHAI. 4,815,153 shares were redeemed at $11.03 per share, removing over $53 million from the trust. Additional financing remains undisclosed.

by Lilu Anderson
Wed, Feb 7, 2024 7:24pm
in Technology
• 1 min read
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Aurora Tech Acquisition Overcomes Nasdaq Challenge, Completes DIH Deal | FinOracle

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Aurora Technology Acquisition Completes Merger with DIH Holding US

Aurora Technology Acquisition announced today that it has successfully completed its merger with DIH Holding US, a robotics and virtual reality tech provider based in Beijing. The merger, which received approval from Aurora shareholders in December, seemed in jeopardy when the SPAC received a delisting notice from the Nasdaq for non-compliance. However, yesterday the SPAC and DIH received Nasdaq approval to list under the symbol DHAI, and trading is set to begin tomorrow.

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