DIH Holdings US Inc. filed SEC Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Financial Statements and Exhibits
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Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
On April 4, 2025, DIH Holding US, Inc. (the “Company”), received a letter (the “Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that for the last 39 consecutive business days, the Company no longer meets the minimum Market Value of Publicly Held Shares (“MVPHR”) of $15,000,000 (the “MVPHR Rule”) as required by Nasdaq Listing Rule 5450(b)(2)(C).
In accordance with Nasdaq Listing Rule 5810(c)(3)(D), the Staff has provided the Company with 180 calendar days, or until October 1, 2025, to regain compliance with the MVPHS Rule. The Notice has no immediate effect on the listing of the Company’s securities on The Nasdaq Global Market.
If the Company regains compliance with the MVPHS Rule, the Staff will provide written confirmation to the Company and close the matter. To regain compliance with the MVPHS Rule, the Company’s MVPHS must be at least $15,000,000 for a minimum of ten consecutive business days during the 180-day compliance period ending on October 1, 2025. If the Company does not meet the requirements or the staff determines that the Company will be unable to cure the deficiency, it will receive written notification that its securities are subject to delisting. At that time, the Company may appeal the delisting determination to a Hearings Panel.
The Company will continue to monitor the MVPHS of its securities and consider its available options to regain compliance with the MVPHS Rule. However, there can be no assurance that the Company will be able to regain compliance with the MVPHS Rule.
Item 9.01 Financial Statements and Exhibits.
| 104 | Cover Page Interactive Data File (Formatted in Inline XBRL) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| DIH HOLDING US, INC. | ||
| Date: April 7, 2025 | By: | /s/ Jason Chen |
Jason Chen Chief Executive Officer and Chairman | ||