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Aurora Technology Acquisition Corp. (ATAK) has signed a non-binding Letter of Intent (LOI) with DIH Technology Ltd. for a potential business combination. This merger would see DIH's shareholders roll 100% of their equity into the newly formed public entity. DIH, a leader in robotics and virtual reality for rehabilitation, boasts over 4,500 installations across 70 countries. The combination aims to enhance corporate governance, investment capabilities, and accelerate DIH's growth strategy in a fragmented rehabilitation technology market, with a definitive agreement expected before January 31, 2023.
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