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DIH Holding US, Inc. Receives Additional Nasdaq Staff Determination Letter
DIH HoldingDIH Holding(US:DHAI) Globenewswireยท2025-09-18 20:10

Core Viewpoint - DIH Holding US, Inc. has received a notice from Nasdaq regarding its failure to comply with the Bid Price Rule, which may lead to delisting from the stock market [2][3] Group 1: Compliance Issues - On September 12, 2025, DIH was notified that it failed to regain compliance with Nasdaq Listing Rule 5450(b)(2)(A) after its Class A common stock closed below $1.00 per share for 30 consecutive business days [2] - The company was given a compliance period of 180 days, which ended on September 8, 2025, but did not meet the requirements by that date [2] - DIH has requested a hearing before the Nasdaq Hearing Panel to appeal the delisting notice and has also requested an extended stay of any further action pending the hearing [3] Group 2: Future Plans - At the hearing, the company plans to present its strategy to demonstrate compliance with all applicable listing criteria, including the MVLS Rule, the Bid Price Rule, and the Reports Rule [3] - The Panel has the authority to grant an extension of up to 180 days for compliance with the MVLS and Bid Price Rules, and 360 days for the Reports Rule [3] - The company is exploring all options to regain compliance, but there is no assurance that the Panel will grant the request for continued listing [3] Group 3: Company Overview - DIH aims to "Deliver Inspiration & Health" by providing advanced robotic devices for physical rehabilitation, targeting individuals with disabilities and functional impairments [4] - The company is a global provider of rehabilitation solutions, focusing on interactive devices that aid in clinical research and rehabilitation for patients with mobility and functional challenges [4] - DIH has emerged through the mergers of leading technology providers in a fragmented industry, positioning itself as a transformative player in rehabilitation solutions [4]