Form 8-K - Current report

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

    Date of Report (Date of earliest event reported): August 30, 2024

   

DIH HOLDING US, INC.

(Exact name of Registrant as Specified in Its Charter)


Delaware	001-41250	98-1624542
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

77 Accord Park Drive; Suite D-1
Norwell, Massachusetts		02061
(Address of Principal Executive Offices)		(Zip Code)

    Registrant’s Telephone Number, Including Area Code: 617 871-2101

   

    Not Applicable

   

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


☐		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A Common Stock	DHAI	The Nasdaq Stock Market LLC
Warrants	DHAIW	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure

On August 30, 2024, DIH Holding US, Inc. (the “Registrant”) issued a press release announcing the designation of a new Center of Excellence. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.


99.1		Release dated August 30, 2024
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:	August 30, 2024	By:	/s/ Jason Chen
			Jason Chen Chief Executive Officer and Chairman

Exhibit 99.1

DIH Appoints Haapsalu Neurological Rehabilitation Center as a DIH Center of Excellence

Norwell, MA and Haapsalu, Estonia – August 30, 2024 DIH Holding US, Inc. ("DIH")(NASDAQ:DHAI), a global provider of advanced robotic devices used in physical rehabilitation, which incorporate visual stimulation in an interactive manner to enable clinical research and intensive functional rehabilitation and training in patients with walking impairments, reduced balance and/or impaired arm and hand functions, today announced that Haapsalu Neurological Rehabilitation Center (HNRC), located in Haapsalu, Estonia, has been appointed as the latest DIH Center of Excellence. Recognized for its pioneering work in neurological rehabilitation, Haapsalu Neurological Rehabilitation Center is now the first such center in the Baltics Region.

The DIH Center of Excellence program recognizes strategic partners that showcase best practices in rehabilitation robotics while demonstrating how DIH therapy solutions contribute to successful patient outcomes. These Centers also contribute to the development of advanced rehabilitation technologies.

Founded in 1958, HNRC has a longstanding reputation for providing inpatient and outpatient rehabilitation services for children and adults with neurological disorders. Over the decades, the hospital has evolved into a modern rehabilitation facility, offering a full spectrum of care that spans from acute early rehabilitation to long-term social rehabilitation, tailored to meet the unique needs of each patient. With a deep commitment to improving patient outcomes, HNRC not only focuses on hands-on treatment but also actively contributes to research and development in the field of neurological rehabilitation.

Haapsalu Neurological Rehabilitation Center utilizes DIH's advanced robotic rehabilitation technologies, including Hocoma's Lokomat®Pro, designed to provide intensive gait therapy for adult and pediatric patients with moderate to severe impairments in walking and functional mobility. The hospital also employs multiple Erigo® devices for early patient mobilization and safe verticalization, along with the Armeo®Spring for upper extremity rehabilitation. By combining these innovative technologies with the expertise of its clinical team, HNRC offers a comprehensive, individualized approach to rehabilitation, ensuring high-quality care tailored to each patient's needs.

“We are pleased to welcome Haapsalu Neurological Rehabilitation Center as the first DIH Center of Excellence in the Baltics Region," said Slavko Škafar, Senior Vice President of Sales DIH - EMEA. "Their commitment to integrating our cutting-edge solutions into patient care not only enhances the quality of rehabilitation services but also sets a new standard for neurorehabilitation. We are excited to deepen our collaboration and continue driving innovation in the field".

Kadri Englas, Chairman of the Board, Haapsalu Neurological Rehabilitation Center, added,“It is an honor to be recognized for what we do. We have implemented innovative technologies since 2012, and are convinced they add value to neurorehabilitation from the perspective of both patients and specialists. We will be happy to share our experience to colleagues and contribute our thoughts in developing the technologies further.“

About DIH Holding US, Inc.

DIH stands for the vision to “Deliver Inspiration & Health” to improve the daily lives of millions of people with disabilities and functional impairments through providing devices and solutions enabling intensive rehabilitation. DIH is a global provider of advanced robotic devices used in physical rehabilitation, which incorporate visual stimulation in an interactive manner to enable clinical research and intensive functional rehabilitation and training in patients with walking impairments, reduced balance and/or impaired arm and hand functions. Built through the mergers of global-leading niche technology providers, DIH is a transformative rehabilitation solutions provider and consolidator of a largely fragmented and manual-labor-driven industry.

About Haapsalu Neurological Rehabilitation Center (HNRC)

HNRC is the only dedicated rehabilitation hospital in Estonia, belonging to the Estonian National Hospital Network. HNRC’s mission is to help people become more active and pleased with life. HNRC provides tailored support to their patients using more than 65 years of experience, contemporary knowledge, and well-kept skills. HNRC is a learning organization – dedication to constant development has brought them to among noticeable neurorehabilitation centers and guides them further in their vision of becoming one of the best in their sector. HNRC believes that neurorehabilitation will never function without people – their wisdom, strength, and empathy – but innovative technical solutions are of definite help to empower their goals and to spare them from physical hardship.

Caution Regarding Forward-Looking Statements

This press release contains certain statements which are not historical facts, which are forward-looking statements within the meaning of the federal securities laws, for the purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These forward-looking statements include certain statements made with respect to the business combination, the services offered by DIH and the markets in which it operates, and DIH’s projected future results. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions provided for illustrative purposes only, and projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties that could cause the actual results to differ materially from the expected results. These risks and uncertainties include, but are not limited to: general economic, political and business conditions; the ability of DIH to achieve its projected revenue, the failure of DIH realize the anticipated benefits of the recently-completed business combination and access to sources of additional debt or equity capital if needed. While DIH may elect to update these forward-looking statements at some point in the future, DIH specifically disclaims any obligation to do so.

Investor Contact
Greg Chodaczek

Investor.relations@dih.com

Document And Entity Information	Aug. 30, 2024
Document Information [Line Items]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Aug. 30, 2024
Entity Registrant Name	DIH HOLDING US, INC.
Entity Central Index Key	0001883788
Entity Emerging Growth Company	true
Entity File Number	001-41250
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	98-1624542
Entity Address, Address Line One	77 Accord Park Drive;
Entity Address, Address Line Two	Suite D-1
Entity Address, City or Town	Norwell
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	02061
City Area Code	617
Local Phone Number	871-2101
Entity Information, Former Legal or Registered Name	Not Applicable
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Ex Transition Period	false
Common Class A [Member]
Document Information [Line Items]
Title of 12(b) Security	Class A Common Stock
Trading Symbol	DHAI
Security Exchange Name	NASDAQ
Warrants [Member]
Document Information [Line Items]
Title of 12(b) Security	Warrants
Trading Symbol	DHAIW
Security Exchange Name	NASDAQ