Aurora Technology Faces Nasdaq Delisting and Merger Challenges

Aurora Technology Acquisition (ATAK) has released an update to notify the public and investors about listing compliance status.

Aurora Technology Acquisition Corp. has been notified by Nasdaq of an impending suspension of its securities on January 19, 2024, due to non-compliance with a listing rule. The company has filed an appeal to delay delisting. Meanwhile, it executed a Business Combination Agreement with DIH Holding US and must obtain Nasdaq listing approval for the merger to proceed. If unsuccessful by February 7, 2024, the agreement will be terminated, and the company will liquidate, distributing roughly $11.09 per share to stockholders.

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