DIH Holding sets price for public offering at $0.7832 per unit

NORWELL, Mass. - DIH Holding US, Inc. (NASDAQ: DHAI), a company specializing in advanced robotic devices for rehabilitation, has announced the pricing of its public offering at $0.7832 per unit, with the closing expected around February 3, 2025. The offering comes as the stock trades near its 52-week low of $0.71, having declined over 84% in the past year according to InvestingPro data. The offering comprises nearly 6 million units, each including one share of Class A common stock or a pre-funded warrant, and a Class A warrant to purchase an additional share.

The Class A warrants can be exercised immediately and will expire five years from the issuance date. Maxim Group LLC is the sole placement agent for the transaction, which aims to raise approximately $4.6 million before fees and expenses. These funds are slated for capital expenditures, working capital, and general corporate purposes, particularly important given the company’s current ratio of 0.6 indicates tight liquidity conditions. InvestingPro analysis shows 8 additional key financial indicators that could impact the company’s funding needs.

The offering is based on a registration statement declared effective by the Securities and Exchange Commission on the same day as the announcement. The final prospectus, when available, can be obtained from the SEC’s website or directly from Maxim Group LLC.

DIH’s products focus on intensive rehabilitation for patients with various impairments, aiming to deliver both inspiration and health. The company has grown through mergers, positioning itself as a consolidator in the rehabilitation industry, which is traditionally fragmented and labor-intensive. Recent financial data shows revenue growth of nearly 17% in the last twelve months, though InvestingPro’s Fair Value analysis suggests the stock may be undervalued at current levels.

The press release also contains forward-looking statements about DIH’s services, market operations, and projected results. These statements are subject to risks and uncertainties, and actual outcomes may differ. The company, while open to updating these statements in the future, has no obligation to do so.

This news is based on a press release statement and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Sales in certain jurisdictions may be restricted prior to registration or qualification under the securities laws of those jurisdictions.

In other recent news, DIH Holding US, Inc. has released an updated investor presentation and announced key executive and board appointments. The Massachusetts-based company disclosed the investor presentation in compliance with Regulation FD, providing current and potential investors with fresh insights into the company’s operations, strategic direction, and financial health. The company also announced the appointment of Mr. Dietmar Dold as its new Chief Operating Officer, who brings over 25 years of experience and is expected to lead DIH’s multi-group operating strategy.

In addition, shareholders elected three Class I directors, Jason Chen, Lynden Bass, and Dr. Patrick Bruno, to serve on DIH’s Board of Directors until the 2027 Annual Meeting or until their successors are appointed. A proposal related to the NASDAQ Listing Rules 5635(d), which permits the potential issuance of more than 20% of the issued and outstanding Class A Common Stock, was also approved by shareholders. Furthermore, the appointment of BDO AG as the company’s independent registered public accounting firm for the fiscal year ending March 31, 2025, was endorsed by shareholders. These are recent developments that could play a role in the company’s future operations and financial health.

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