DIH Holding prices 5.94M units at 78.32c in public offering

DIH Holding (DHAI) US announced the pricing of its public offering of an aggregate of 5,937,100 units at a public offering price of $0.7832 per unit. Each unit consists of one share of Class A common stock and one Class A warrant to purchase one share of Class A common stock. The Class A warrants will have an exercise price of $0.7832 per share, will be exercisable immediately upon issuance, and will expire on the five-year anniversary of the original issuance date. The shares of Class A common stock and the Class A warrants comprising the units are immediately separable and will be issued separately in this offering. The closing of the offering is expected to occur on or about February 3, 2025, subject to the satisfaction of customary closing conditions. Maxim Group is acting as the sole placement agent for the offering. The gross proceeds from the offering, before deducting the placement agent’s fees and other offering expenses, are expected to be approximately $4.6M. The Company intends to use the net proceeds from this offering for capital expenditures, working capital, and general corporate purposes.