UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| , $0.0001 per share, one Redeemable Warrant to acquire one-half of one Class A Ordinary Share, and one Right to acquire one-tenth of one Class A Ordinary Share | ||||
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| Item 3.01 | Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
As previously disclosed, on January 10, 2024, Aurora Technology Acquisition Corp. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company’s listed securities (units, ordinary shares, warrants, and rights, collectively the “Listed Securities”) will be suspended from The Nasdaq Global Market on January 19, 2024, due to the Company’s non-compliance with Listing Rule 5452(a)(1). Accordingly, and pursuant to Listing Rule 5815(a)(1)(B)(ii)(c), trading of the Listed Securities will be suspended from The Nasdaq Global Market on January 19, 2024 (the “Suspension”).
On January 17, 2024, the Company timely submitted a hearing request to appeal Nasdaq’s determination to a Hearing Panel, pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series (the “Hearing Request”). The Hearing Request will not stay the Suspension but will stay the delisting.
On February 26, 2023, the Company executed a previously disclosed Business Combination Agreement (the “Business Combination Agreement”) with DIH Holding US, Inc., a Nevada corporation (“DIH”) and Aurora Technology Merger Sub Corp., a Nevada corporation.
The Business Combination Agreement has been approved by the Company’s stockholders. In order to effect the Business Combination Agreement, the Company will need to obtain listing approval for its common stock (under its anticipated new name) with Nasdaq. If the Company is unable to successfully complete its listing on Nasdaq prior to February 7, 2024 (as a result of any failure to meet the listing standards), the Company will terminate the Business Combination Agreement, liquidate and distribute all of the cash held by the Company in trust (other than a specified amount needed to pay liquidation costs) to its stockholders, which would result in a distribution of approximately $11.09 per share.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: January 18, 2024
| Aurora Technology Acquisition Corp. | ||
| By: | /s/ Zachary Wang | |
| Name: | Zachary Wang | |
| Title: | Chief Executive Officer and Chairman | |