DIH Holding US, Inc. Receives Additional Nasdaq Staff Determination Letter
Rhea-AI Summary
DIH Holding US (NASDAQ:DHAI) has received an additional delisting notice from Nasdaq on September 12, 2025, due to failing to meet the minimum bid price requirement of $1.00 per share. This follows a previous notice from March 11, 2025, which gave the company a 180-day compliance period that ended September 8, 2025.
The company has requested a hearing before the Nasdaq Hearing Panel, which has temporarily stayed the stock suspension for 15 days. DIH will present its compliance plan at the hearing and seek an extension, with the Panel having authority to grant up to 180 days from the staff's determination date for bid price compliance and 360 days for filing delinquency.
Positive
- Company has secured a temporary 15-day stay of stock suspension
- Nasdaq Hearing Panel has authority to grant extensions up to 180 days for bid price compliance
Negative
- Failed to maintain minimum $1.00 bid price requirement for Nasdaq listing
- Received additional delisting notice from Nasdaq
- Non-compliance with multiple Nasdaq listing requirements including MVLS Rule and Reports Rule
- No guarantee of successful appeal or ability to regain compliance
News Market Reaction
On the day this news was published, DHAI gained 10.88%, reflecting a significant positive market reaction. Argus tracked a peak move of +19.4% during that session. Our momentum scanner triggered 7 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $1M to the company's valuation, bringing the market cap to $11M at that time.
Data tracked by StockTitan Argus on the day of publication.
DIH Receives Notice of Additional Basis for Delisting from The Nasdaq Stock Market
DIH Has Requested Hearing to Appeal before Nasdaq Hearing Panel
NORWELL, Mass., Sept. 18, 2025 (GLOBE NEWSWIRE) -- DIH Holding US, Inc. (“DIH” or the “Company”) (NASDAQ:DHAI) received a notice on September 12, 2025, from the Listing Qualifications Staff (“Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) that it had failed to regain compliance under Nasdaq Listing Rule 5450(b)(2)(A) (the “Bid Price Rule”) and, accordingly, the Staff notified the Company that this matter would serve as an additional basis for delisting. As previously disclosed, on March 11, 2025, DIH Holding US, Inc. (the “Company”) received written notice (the “Bid Price Notice”) from the Staff which notified the Company that the bid price of its Class A common stock had closed at less than
The Company has requested a hearing before the Panel, which has stayed the suspension of the Company’s Common Stock for a period of 15 days. In connection with this request, the Company also requested an extended stay of any further action pending the hearing (the “Additional Stay”) due to its non-compliance with the Reports Rule. At the hearing, the Company will present its plan to evidence compliance with all applicable listing criteria, including the MVLS Rule, the Bid Price Rule and the Reports Rule, and request an extension of time. The Panel has the authority to grant the Company an extension of up to 180 days from the date of the Staff’s delist determination for the MVLS and Bid Price Rules and 360 days from the initial filing delinquency. The Company is considering all options available to it to regain compliance with the MVLS Rule, the Bid Price Rule and the Reports Rule; however, there can be no assurance that the Panel will grant the Company’s request for continued listing or that the Company will be able to evidence compliance within the period of time that may be granted by the Panel.
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.
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
Louisa Smith
Investor.relations@dih.com
FAQ
Why is DHAI stock facing delisting from Nasdaq?
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What are the main Nasdaq compliance issues facing DIH Holding?
