Norwell-Based DIH Closes $4.6M Public Offering Amid Growth Plans

NORWELL, MA — DIH Holding US, Inc. (“DIH”), a global provider of advanced robotic devices for rehabilitation, has successfully closed a $4.6 million public offering, marking another step in its expansion strategy. The offering, which included 5,937,100 units at $0.7832 per unit, was not an initial public offering (IPO) but rather a follow-on public offering, as DIH is already publicly traded.

Each unit in the offering consists of one share of Class A common stock and one Class A warrant, which is immediately exercisable at $0.7832 per share and will expire five years from the date of issuance. Maxim Group LLC acted as the sole placement agent for the transaction.

DIH has earmarked the proceeds for capital expenditures, working capital, and general corporate purposes, furthering its mission to enhance rehabilitation technology. The company specializes in robotic devices that incorporate interactive visual stimulation, offering solutions for individuals with walking impairments, reduced balance, and impaired arm and hand functions.

This offering follows DIH’s previously announced plan to become a publicly traded company through a business combination with Aurora Technology Acquisition Corp., a special purpose acquisition company (SPAC). This SPAC merger, rather than a traditional IPO, enabled DIH to enter the public market while positioning itself for long-term growth in the rehabilitation sector.

With increasing global demand for robotic and virtual reality-enabled rehabilitation solutions, DIH’s latest funding move underscores its commitment to innovation and expanding its impact on the lives of patients and therapists worldwide.

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