Item 8.01. Other Events.
On February 1, 2023, Aurora Technology Acquisition Corp., a Cayman Islands
exempted company (the "Company"), received notice from the Company's trust agent
that the Company has retained approximately $44.4 million in the
Company's trust account following the redemption deadline for the Company's
Class A ordinary shares, initially issued in the Company's initial public
offering (the "Public Shares"), and based on the balance of the trust account on
January 13, 2023. On February 3, 2023, the Company plans to hold an
extraordinary general meeting (the "Meeting"), seeking shareholder approval,
among other things, of an extension of the time that the Company has to
consummate an initial business combination (the "Extension"). The Extension was
conditioned on the Company having at least 3.0 million Public Shares outstanding
upon consummation of the Extension after taking into account valid redemptions.
Based on the information provided by the trust agent to the Company, such
condition has been met.
To date, an aggregate of 15,883,818 shares have been validly redeemed. No
additional shares may be withdrawn for redemption prior to the Meeting.
Therefore, at the time of the Meeting, the Company will have 9,669,182 ordinary
shares outstanding, of which 4,619,182 are Public Shares (including 303,000
Public Shares not subject to redemption), and 5,050,000 are Class B ordinary
shares held by ATAC Sponsor LLC (the "Sponsor"), subject to any withdrawals of
redemptions by shareholders. The Class B ordinary shares held by the Sponsor are
not subject to redemption.
Shareholders may withdraw redemptions with the Company's consent at any time
until the vote is taken with respect to the Extension, unless additional time to
withdraw such redemptions is permitted by the Company. Shareholders may request
to withdraw their redemption by contacting the Company's transfer agent,
Continental Stock Transfer & Trust Company, at One State Street, 30th Floor, New
York, New York 10004, Attn: Mark Zimkind (e-mail:mzimkind@continentalstock.com).
As previously disclosed, the Meeting will convene at 11:00 a.m., Eastern time,
on Friday, February 3, 2023. The Meeting will be held virtually via live webcast
at https://www.cstproxy.com/auroraspac/2023.
As previously disclosed, on December 12, 2022, the Company entered into a letter
of intent with DIH Technology Ltd. ("DIH"), a leading global robotics and
virtual reality ("VR") technology provider in the rehabilitation and human
performance industry, pursuant to which the Company intends to complete its
initial business combination ("Business Combination"). The Extension to be voted
on at the Meeting, and any redemption reversals received prior to the vote at
the Meeting, would allow the Company to complete the Business Combination.
Forward-Looking Statements
This Current Report on Form 8-K ("Report") includes forward-looking statements
that involve risks and uncertainties. Forward-looking statements are statements
that are not historical facts. Such forward-looking statements are subject to
risks and uncertainties, which could cause actual results to differ from the
forward-looking statements. These forward-looking statements and factors that
may cause such differences include, without limitation, uncertainties relating
to the Company's shareholder approval of the matters to be voted upon at the
Meeting, the proposed Business Combination, and other risks and uncertainties
indicated from time to time in filings with the Securities and Exchange
Commission (the "SEC"), including the Company's Quarterly Reports for the
quarters ended March 31, 2022, June 30, 2022 and September 30, 2022 filed with
the SEC, any subsequent reports, and other documents the Company has filed, or
will file, with the SEC. Readers are cautioned not to place undue reliance upon
any forward-looking statements, which speak only as of the date made. The
Company expressly disclaims any obligations or undertaking to release publicly
any updates or revisions to any forward-looking statements contained herein to
reflect any change in the Company's expectations with respect thereto or any
change in events, conditions or circumstances on which any statement is based.
Participants in the Solicitation
The Company and its directors, executive officers, other members of management
and employees, under SEC rules, may be deemed to be participants in the
solicitation of proxies from the securityholders of the Company in favor of the
approval of the proposals described in the Company's definitive proxy statement
filed with the SEC on January 18, 2023 (the "Proxy Statement"). Investors and
security holders may obtain more detailed information regarding the names,
affiliations and interests of the Company's directors and officers in the Proxy
Statement, which may be obtained free of charge from the sources indicated
above.
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No Offer or Solicitation
This Report shall not constitute a solicitation of a proxy, consent or
authorization with respect to any securities or in respect of the proposals set
forth in the Proxy Statement. This communication shall also not constitute an
offer to sell or the solicitation of an offer to buy any securities, nor shall
there be any sale of securities in any states or jurisdictions in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction. No offering of
securities shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as amended, or an
exemption therefrom.
Additional Information and Where to Find It
The Company urges investors, stockholders and other interested persons to read
the Proxy Statement as well as other documents filed by the Company with the
SEC, because these documents will contain important information about the
Company and the proposals set forth in the Proxy Statement. Shareholders may
obtain copies of the Proxy Statement, without charge, at the SEC's website at
www.sec.gov or by directing a request to Okapi Partners LLC, at (855) 208-8903
or info@okapipartners.com.
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