0001493152-23-039809 | S-4/A | XBRL Viewer | Aurora Technology Acquisition Corp

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X of the SEC. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented.

The accompanying unaudited condensed financial statements should be read in conjunction with the Annual Report on Form 10-K for the year ended December 31, 2022 as filed with the SEC on April 19, 2023, which contains the audited financial statements and notes thereto. The financial information as of December 31, 2022 is derived from the audited financial statements presented in the Company’s Annual Report on Form 10-K. The interim results for the three and six months ended June 30, 2023 are not necessarily indicative of the results to be expected for the year ending December 31, 2023 or for any future interim periods.

Emerging Growth Company

The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the JOBS Act, and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.

Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Securities Exchange Act of 1934, as amended) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is either not an emerging growth company or an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.

Use of Estimates

The preparation of the condensed financial statements in conformity with U.S. GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.

Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. One of the more significant accounting estimates included in these financial statements is the determination of the fair value of the warrant liabilities. Such estimates may be subject to change as more current information becomes available. Accordingly, the actual results could differ significantly from those estimates.

Cash and Cash Equivalents

The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of June 30, 2023 and December 31, 2022.

Marketable Securities Held in Trust Account

Following the closing of the Initial Public Offering on February 9, 2022, an amount of $204,020,000 from the net proceeds of the sale of the Units in the Initial Public Offering and the sale of the Private Placement Warrants were placed in the Trust Account and is invested only in U.S. government securities with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act which invest only in direct U.S. government treasury obligations. The Trust Account is intended as a holding place for funds pending the earliest to occur of: (i) the completion of the initial Business Combination; (ii) the redemption of any public shares properly submitted in connection with a shareholder vote to amend the Company’s Amended and Restated Memorandum of Association (A) to modify the substance or timing of our obligation to provide holders of our Class A ordinary shares the right to have their shares redeemed in connection with our initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination within 24 months from the closing of the IPO (with exercise of six one-month extensions) or (B) with respect to any other provision relating to the rights of holders of our Class A ordinary shares; or (iii) absent our completing an initial business combination within 24 months from the closing of our initial public offering (with exercise of six one-month extensions), our return of the funds held in the trust account to our public shareholders as part of our redemption of the Public Shares. As of June 30, 2023, substantially all of the assets held in the Trust Account were held in money market funds which invest in United States Treasury securities. All of the investments held in the Trust Account are classified as trading securities. Trading securities are presented on the balance sheet at fair value at the end of each reporting period. The estimated fair values of investments held in Trust Account are determined using available market information.

Offering Costs

The Company complies with the requirements of the ASC 340-10-S99-1 and SEC Staff Accounting Bulletin (“SAB”) Topic 5A—”Expenses of Offering”. Offering costs consist principally of professional and registration fees incurred through the balance sheet date that are related to the IPO. Offering costs are charged to shareholders’ deficit or the statement of operations based on the relative value of the Public Warrants and the Private Placement Warrants to the proceeds received from the Units sold upon the completion of the IPO. Accordingly, on February 9, 2022, offering costs totaling $29,192,787 (consisting of $2,525,000 of underwriting fees, $7,070,000 of deferred underwriting fees, over-allotment option liability of $258,440, $3,030,000 for issuance of representative shares, $15,596,420 fair value of rights underlying the Units, and $712,927 of actual offering costs), with $265,808 included in accumulated deficit as an allocation for the Public Warrants, and $10,300,559 included as a reduction to proceeds.

Class A Ordinary shares Subject to Possible Redemption

The Company accounts for its Class A ordinary shares subject to possible redemption in accordance with the guidance in Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.” Conditionally redeemable ordinary shares (including ordinary shares that features redemption rights that is either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) is classified as temporary equity. At all other times, ordinary shares is classified as shareholders’ equity. The Company’s Class A ordinary shares features certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. On February 1, 2023, certain investors redeemed 14,529,877 shares of Class A ordinary shares for $149,322,133, resulting in a reduction to shares of Class A ordinary shares outstanding to 5,670,123. Accordingly, at June 30, 2023 and December 31, 2022, Class A ordinary shares subject to possible redemption is presented at redemption value as temporary equity, outside of the shareholders’ equity section of the Company’s balance sheet.

The Company recognizes changes in redemption value immediately as they occur and adjusts the carrying value of redeemable ordinary shares to equal the redemption value at the end of each reporting period. Such changes are reflected in additional paid-in capital, or in the absence of additional capital, in accumulated deficit.

As of June 30, 2023, the Class A ordinary shares, classified as temporary equity in the balance sheet, are reconciled in the following table:

SUMMARY OF TEMPORARY EQUITY

Gross proceeds from initial public offering	$	202,000,000
Less:
Proceeds allocated to public warrants		(3,521,870	)
Offering costs allocated to Class A ordinary shares subject to possible redemption		(13,079,620	)
Fair value allocated to rights		(15,596,420	)
Plus:
Proceeds allocated to private warrants		4,211,323
Redemption of Class A ordinary shares		(149,322,133	)
Re-measurement of Class A ordinary shares subject to possible redemption		35,507,594
Class A ordinary shares subject to possible redemption, June 30, 2023	$	60,198,874

Income Taxes

The Company follows the asset and liability method of accounting for income taxes under ASC 740, “Income Taxes” (“ASC 740”). Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statements recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of June 30, 2023 and December 31, 2022. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position.

The Company may be subject to potential examination by U.S. federal, U.S. state or foreign taxing authorities in the area of income taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions and compliance with U.S. federal, U.S. state and foreign tax laws. There is currently no taxation imposed on income by the Government of the Cayman Islands. In accordance with Cayman federal income tax regulations, income taxes are not levied on the Company. Consequently, deferred tax assets and income taxes are not reflected in the Company’s financial statements. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months.

Net income (loss) per Ordinary Share

Net income (loss) per ordinary share is computed by dividing net income (loss) by the weighted average number of ordinary shares outstanding during the period. Ordinary shares subject to possible redemption at June 30, 2023, which are not currently redeemable and are not redeemable at fair value, have been excluded from the calculation of basic net income (loss) per ordinary share since such shares, if redeemed, only participate in their pro rata share of the Trust Account earnings. The Company has not considered the effect of the warrants sold in the Initial Public Offering and the private placement to purchase an aggregate of 6,470,000 Private Placement Warrants in the calculation of diluted income per share, since the exercise of the warrants is contingent upon the occurrence of future events and the inclusion of such warrants would be anti-dilutive. As a result, diluted net income (loss) per ordinary share is the same as basic net income (loss) per ordinary share for the period presented.

The Company’s statement of operations includes a presentation of net income (loss) per ordinary share subject to possible redemption and allocates the net income (loss) into the two classes of stock in calculating net earnings per ordinary share, basic and diluted. For redeemable Class A ordinary shares, net income (loss) per ordinary share is calculated by dividing the net income (loss) by the weighted average number of Class A ordinary shares subject to possible redemption outstanding since original issuance. For non-redeemable Class A ordinary shares, net income (loss) per share is calculated by dividing the net income (loss) by the weighted average number of non-redeemable Class A ordinary shares outstanding for the period. Non-redeemable Class A ordinary shares include the representative shares issued to Maxim at the closing of the initial public offering. For non-redeemable Class B ordinary shares, net income (loss) per share is calculated by dividing the net income (loss) by the weighted average number of non-redeemable Class B ordinary shares outstanding for the period. Non-redeemable Class B ordinary shares include the founder shares as these shares do not have any redemption features and do not participate in the income earned on the Trust Account. As of June 30, 2023, the Company did not have any dilutive securities or other contracts that could, potentially, be exercised or converted into ordinary shares and then share in the earnings of the Company. As a result, diluted net income (loss) per ordinary share is the same as basic net income (loss) per ordinary share for the periods presented.

The following table reflects the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts):

	2023		2022
	Three Months Ended June 30,
	2023		2022
Class A ordinary shares subject to possible redemption
Numerator: income attributable to Class A ordinary shares subject to possible redemption
Net income attributable to Class A ordinary shares subject to possible redemption	$	77,592	$	947,763
Denominator: weighted average Class A ordinary shares subject to possible redemption
Basic and diluted weighted average shares outstanding, Class A ordinary shares subject to possible redemption		5,670,123		20,200,000
Basic and diluted net income per share, Class A ordinary shares subject to possible redemption		0.01		0.05
Non-redeemable ordinary shares
Numerator: income attributable to non-redeemable Class A and Class B ordinary shares
Net income attributable to non-redeemable Class A and Class B ordinary shares	$	73,252	$	251,157
Denominator: weighted average non-redeemable Class A and Class B ordinary shares
Basic and diluted weighted average shares outstanding, non-redeemable Class A and Class B ordinary shares		5,353,000		5,353,000
Basic and diluted net income per share, non-redeemable Class A and Class B ordinary shares	$	0.01	$	0.05

	2023			2022
	Six Months Ended June 30,
	2023			2022
Class A ordinary shares subject to possible redemption
Numerator: income attributable to Class A ordinary shares subject to possible redemption
Net (loss) income attributable to Class A ordinary shares subject to possible redemption	$	(130,906	)	$	3,223,267
Denominator: weighted average Class A ordinary shares subject to possible redemption
Basic and diluted weighted average shares outstanding, Class A ordinary shares subject to possible redemption		8,800,870			15,847,514
Basic and diluted net income per share, Class A ordinary shares subject to possible redemption		(0.01	)		0.20
Non-redeemable ordinary shares
Numerator: income attributable to non-redeemable Class A and Class B ordinary shares
Net (loss) income attributable to non-redeemable Class A and Class B ordinary shares	$	(79,621	)	$	1,073,290
Denominator: weighted average non-redeemable Class A and Class B ordinary shares
Basic and diluted weighted average shares outstanding, non-redeemable Class A and Class B ordinary shares		5,353,000			5,276,939
Basic and diluted net income per share, non-redeemable Class A and Class B ordinary shares	$	(0.01	)	$	0.20

Related Parties

Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operational decisions. Companies are also considered to be related if they are subject to common control or common significant influence.

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times, may exceed the Federal Depository Insurance Coverage of $250,000. The Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.

Fair Value of Financial Instruments

The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC 820, “Fair Value Measurement” (“ASC 820”), approximates the carrying amounts represented in the accompanying condensed balance sheets, primarily due to their short-term nature.

Fair Value Measurements

Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include:

	●	Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets;
	●	Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and
	●	Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

In some circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is categorized in its entirety in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement.

Warranty Liability

The Company accounted for the 26,670,000 warrants issued in connection with the Initial Public Offering and the Private Placement Warrants (collectively, the “Warrants”) as either equity-classified or liability-classified instruments based on an assessment of the Warrant’s specific terms and applicable authoritative guidance in ASC 480 and ASC 815, “Derivatives and Hedging” (“ASC 815”). The assessment considers whether the warrants are freestanding financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and whether the warrants meet all of the requirements for equity classification under ASC 815, including whether the warrants are indexed to the company’s own ordinary shares, among other conditions for equity classification. This assessment, which requires the use of professional judgment, is conducted at the time of warrant issuance and as of each subsequent quarterly period end date while the warrants are outstanding.

Such guidance provides that because the warrants do not meet the criteria for equity treatment thereunder, each warrant must be recorded as a liability. The accounting treatment of derivative financial instruments requires that the Company record a derivative liability upon the closing of the Initial Public Offering. Accordingly, the Company will classify each warrant as a liability at its fair value and the warrants will be allocated a portion of the proceeds from the issuance of the Units equal to its fair value. This liability is subject to re-measurement at each balance sheet date. With each such re-measurement, the warrant liability will be adjusted to fair value, with the change in fair value recognized in the Company’s statement of operations. The Company will reassess the classification at each balance sheet date. If the classification changes as a result of events during the period, the warrants will be reclassified as of the date of the event that causes the reclassification.

Recent Accounting Standards

In August 2020, the FASB issued ASU No. 2020-06, “Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging —Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity” (“ASU 2020- 06”), which simplifies accounting for convertible instruments by removing major separation models required under current GAAP. ASU 2020-06 removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception and it also simplifies the diluted earnings per share calculation in certain areas. ASU 2020-06 is effective for smaller reporting companies for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. The Company is currently assessing the impact, if any, that ASU 2020-06 would have on its financial position, results of operations or cash flows.

In June 2022, the FASB issued ASU 2022-03, ASC Subtopic 820 “Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions” (“ASU 2022-03”), which amends ASC 820 to clarify that a contractual sales restriction is not considered in measuring an equity security at fair value and to introduce new disclosure requirements for equity securities subject to contractual sale restrictions that are measured at fair value. ASU 2022-03 applies to both holders and issuers of equity and equity-linked securities measured at fair value. The amendments are effective for the Company in fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. Early adoption is permitted for both interim and annual financial statements that have not yet been issued or made available for issuance. The Company is currently assessing what impact, if any, that ASU 2022-03 would have on its financial position, results of operations or cash flows.

Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s condensed financial statements.

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”).

Emerging Growth Company

Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is either not an emerging growth company or an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.

Use of Estimates

Cash and Cash Equivalents

Marketable Securities Held in Trust Account

Following the closing of the Initial Public Offering on February 9, 2022, an amount of $204,020,000 from the net proceeds of the sale of the Units in the Initial Public Offering and the sale of the Private Placement Warrants were placed in the Trust Account and is invested only in U.S. government securities with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act which invest only in direct U.S. government treasury obligations. The Trust Account is intended as a holding place for funds pending the earliest to occur of: (i) the completion of the initial Business Combination; (ii) the redemption of any public shares properly submitted in connection with a shareholder vote to amend the Company’s Amended and Restated Memorandum of Association (A) to modify the substance or timing of our obligation to provide holders of our Class A ordinary shares the right to have their shares redeemed in connection with our initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination within 12 months from the closing of the IPO (unless extended) or (B) with respect to any other provision relating to the rights of holders of our Class A ordinary shares; or (iii) absent our completing an initial business combination within 12 months from the closing of our initial public offering (unless extended), our return of the funds held in the trust account to our public shareholders as part of our redemption of the Public Shares. As of December 31, 2022, substantially all of the assets held in the Trust Account were held in money market funds which invest in United States Treasury securities. All of the investments held in the Trust Account are classified as trading securities. Trading securities are presented on the balance sheet at fair value at the end of each reporting period. The estimated fair values of investments held in Trust Account are determined using available market information.

Offering Costs

Class A Ordinary Shares Subject to Possible Redemption

The Company accounts for its Class A ordinary shares subject to possible redemption in accordance with the guidance in Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.” Conditionally redeemable ordinary shares (including ordinary shares that features redemption rights that is either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) is classified as temporary equity. At all other times, ordinary shares is classified as shareholders’ equity. The Company’s Class A ordinary shares features certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, at December 31, 2022 and 2021, Class A ordinary shares subject to possible redemption is presented at redemption value as temporary equity, outside of the shareholders’ deficit section of the Company’s balance sheet.

As of December 31, 2022, the Class A ordinary shares, classified as temporary equity in the balance sheet, are reconciled in the following table:

SUMMARY OF TEMPORARY EQUITY

Gross proceeds from initial public offering	$	202,000,000
Less:
Proceeds allocated to public warrants		(3,521,870	)
Offering costs allocated to Class A ordinary shares subject to possible redemption		(13,079,620	)
Fair value allocated to rights		(15,596,420	)
Plus:
Proceeds allocated to private warrants		4,211,323
Re-measurement of Class A ordinary shares subject to possible redemption		32,866,490
Class A ordinary shares subject to possible redemption, December 31, 2022	$	206,879,903

Income Taxes

ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statements recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of December 31, 2022 and 2021. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position.

Net Income (Loss) per Ordinary Share

Net income (loss) per ordinary share is computed by dividing net income (loss) by the weighted average number of ordinary shares outstanding during the period. Ordinary shares subject to possible redemption at December 31, 2022, which are not currently redeemable and are not redeemable at fair value, have been excluded from the calculation of basic net income (loss) per ordinary share since such shares, if redeemed, only participate in their pro rata share of the Trust Account earnings. The Company has not considered the effect of the warrants sold in the Initial Public Offering and the private placement to purchase an aggregate of 6,470,000 Private Placement Warrants in the calculation of diluted income per share, since the exercise of the warrants is contingent upon the occurrence of future events and the inclusion of such warrants would be anti-dilutive. As a result, diluted net income (loss) per ordinary share is the same as basic net income (loss) per ordinary share for the period presented.

The Company’s statement of operations includes a presentation of net income (loss) per ordinary share subject to possible redemption and allocates the net income (loss) into the two classes of stock in calculating net earnings per ordinary share, basic and diluted. For redeemable Class A ordinary shares, net income (loss) per ordinary share is calculated by dividing the net income (loss) by the weighted average number of Class A ordinary shares subject to possible redemption outstanding since original issuance. For non-redeemable Class A ordinary shares, net income (loss) per share is calculated by dividing the net income (loss) by the weighted average number of non-redeemable Class A ordinary shares outstanding for the period. Nonredeemable Class A ordinary shares include the representative shares issued to Maxim at the closing of the initial public offering. For non-redeemable Class B ordinary shares, net income (loss) per share is calculated by dividing the net income (loss) by the weighted average number of non-redeemable Class B ordinary shares outstanding for the period. Nonredeemable Class B ordinary shares include the founder shares as these shares do not have any redemption features and do not participate in the income earned on the Trust Account. As of December 31, 2022, the Company did not have any dilutive securities or other contracts that could, potentially, be exercised or converted into ordinary shares and then share in the earnings of the Company. As a result, diluted net income (loss) per ordinary share is the same as basic net income (loss) per ordinary share for the periods presented.

The following table reflects the calculation of basic and diluted net income (loss) per ordinary share as of December 31, 2022 and 2021 (in dollars, except per share amounts):

	2022		2021
	Twelve Months Ended December 31,
	2022		2021
Class A ordinary shares subject to possible redemption
Numerator: income attributable to Class A ordinary shares subject to possible redemption
Net income	$	5,101,263	$	—
Net income attributable to Class A ordinary shares subject to possible redemption	$	5,101,263	$	—
Denominator: weighted average Class A ordinary shares subject to possible redemption
Basic and diluted weighted average shares outstanding, Class A ordinary shares subject to possible redemption		18,041,644		—
Basic and diluted net income per share, Class A ordinary shares subject to possible redemption	$	0.28	$	—
Non-redeemable ordinary shares
Numerator: net income (loss)
Net income (loss)	$	1,502,892	$	(9,963	)
Net income (loss) attributable to non-redeemable Class A and Class B ordinary shares	$	1,502,892	$	(9,963	)
Denominator: weighted average non-redeemable ordinary shares
Basic and diluted weighted average shares outstanding, non-redeemable ordinary shares		5,315,282		5,000,000
Basic and diluted net income (loss) per share, non-redeemable ordinary shares	$	0.28	$	(0.00	)

Related Parties

Concentration of Credit Risk

Fair Value of Financial Instruments

Fair Value Measurements

	●	Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets;

	●	Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and

	●	Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

Warranty Liability

Recent Accounting Standards

In August 2020, the FASB issued ASU No. 2020-06, “Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging —Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity” (“ASU 2020-06”), which simplifies accounting for convertible instruments by removing major separation models required under current GAAP. ASU 2020-06 removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception and it also simplifies the diluted earnings per share calculation in certain areas. ASU 2020-06 is effective for smaller reporting companies for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. The Company is currently assessing the impact, if any, that ASU 2020-06 would have on its financial position, results of operations or cash flows.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2. Summary of Significant Accounting Policies

Basis of Presentation

The Company has historically existed and functioned as part of the business of DIH Technology Ltd. (“DIH Cayman” or the “Parent”). The accompanying combined financial statements are prepared in conformity with accounting principles generally accepted in the United States (“GAAP”). The combined financial statements reflect the results of certain DIH Cayman legal entities subject to the potential business combination with ATAK, as explicitly stated in the Business Combination Agreement. These legal entities include DIH Holding US (which is prepared on a consolidated basis), Hocoma AG and Motekforce Link BV and their respective subsidiaries. Each of these legal entities’ respective historical operations, including results of operations, assets and liabilities, and cash flows have been fully reflected in these combined financial statements.

While the Company’s businesses have historically functioned together with the other businesses controlled by DIH Cayman, the Company’s businesses are largely isolated and not dependent on corporate or other support functions. DIH Cayman does not have significant corporate or operational activity and does not have shared services that it provides to its subsidiaries. The Company considered allocations from the Parent and its subsidiaries but they are insignificant because of the organizational structure such that these combined financial statements are comprised of legal entities that had complete standalone financial statements available.

During the three months ended June 30, 2023 and 2022, the Company and DIH International (“DIH Hong Kong”) were subsidiaries of DIH Cayman and were under common control of DIH Cayman. Significant intercompany transactions and balances have been eliminated on combination. In preparation of the combined financial statement information presented herein, the Company evaluated its transactions with DIH Cayman to determine if they are to be included in the combined financial statement information presented. Transactions with DIH China, a subsidiary of DIH Hong Kong, related to distribution services provided to the Company are disclosed as related party transactions in Note 12.

Subsidiaries are entities controlled by the Company. Control exists when the Company has the power, directly and indirectly, to govern the financial and operating policies of an entity and be exposed to the variable returns from its activities. The financial statements of subsidiaries are included in the combined financial statements from the date that control commences until the date that control ceases. These companies are controlled by common owners and management.

The deficit balance in these combined financial statements represents the excess of total liabilities over total assets, including intercompany balances between us and related parties (net parent company investment) and accumulated other comprehensive loss. Net parent company investment is primarily impacted by contributions from related parties which are the result of net funding provided by or distributed to related parties. The total net effect of the settlement of related party intercompany transactions is reflected in the combined statements of cash flows as a financing activity and in the combined balance sheets as net parent company investment.

Unaudited Interim Condensed Combined Financial Information

The accompanying condensed combined balance sheet as of June 30, 2023, the condensed combined statements of operations for the three months ended June 30, 2023 and 2022, the condensed combined statements of comprehensive loss for the three months ended June 30, 2023 and 2022, the condensed combined statements of cash flows for the three months ended June 30, 2023 and 2022 and the condensed combined statements for the three months ended June 30, 2023 and 2022 are unaudited. The financial data and other information contained in the notes thereto as of and for the three months ended June 30, 2023 and 2022 are also unaudited.

The unaudited interim condensed combined financial statements have been prepared on the same basis as the audited annual combined financial statements, and in the opinion of management, reflect all normal recurring adjustments necessary for the fair presentation of the Company’s financial position as of June 30, 2023, the results of its operations for the three months ended June 30, 2023 and 2022 and its cash flows for the three months ended June 30, 2023 and 2022. These unaudited condensed combined financial statements should be read in conjunction with the audited combined financial statements as of and for the years ended March 31, 2023 and 2022, and the notes thereto, included elsewhere in this proxy statement/prospectus.

The results for the three months ended June 30, 2023 are not necessarily indicative of results to be expected for the year ended March 31, 2024, or any other interim periods, or any future year or period.

The significant accounting policies used in preparation of these unaudited interim condensed combined financial statements are consistent with those described in the Company’s audited combined financial statements as of and for the years ended March 31, 2023 and 2022 included elsewhere in this proxy statement/prospectus and are updated below as necessary.

Foreign Currency Reporting

The functional currency for the Company’s non-U.S. subsidiaries is the local currency. The assets and liabilities of foreign subsidiaries are translated into U.S. dollars using the exchange rate in effect as of the balance sheet date. Revenues and expenses are translated at the average exchange rates for each respective reporting period. Adjustments resulting from translating local currency financial statements into U.S. dollars are reflected in accumulated other comprehensive loss in equity (deficit).

Transactions denominated in currencies other than the functional currency are remeasured based on the exchange rates at the time of the transaction. Foreign currency gains and losses arising primarily from changes in exchange rates on foreign currency denominated intercompany transactions and balances between foreign locations are recorded in the combined statements of operations. Realized and unrealized gains (losses) resulting from transactions conducted in foreign currencies for the three months ended June 30, 2023 and 2022 were $(703) and $501, respectively.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the combined financial statements, and the reported amounts of revenue and expenses during the reporting period. Significant estimates made by management in connection with the preparation of the accompanying combined financial statements include the useful lives of long-lived assets, inventory valuations, the allocation of transaction price among various performance obligations, the allowance for doubtful accounts, the fair value of financial assets, liabilities, actuarial valuation of pensions and realizability of deferred income tax asset or liabilities. Actual results could differ from those estimates.

Concentration of Credit Risk

Financial instruments that potentially subject the Company to credit risk primarily consists of cash and cash equivalents and accounts receivable. The Company maintains its cash and cash equivalents with highly-rated financial institutions and limits the amount of credit exposure to any one entity. We believe we do not have any significant credit risk on our cash and cash equivalents. For accounts receivable, the Company is exposed to credit risk in the event of nonpayment by customers which is limited to the amounts recorded on the condensed combined balance sheets. The risk associated with this concentration is mitigated by our ongoing credit-review procedures and letters of credit or payment prior to shipment.

Major customers are defined as those individually comprising more than 10% of our trade accounts receivable or revenues. As of June 30, 2023, one customer, Sheltering Arms Institute, comprised 10.1% of total trade accounts receivables. As of June 30, 2022, one customer, PEAC GmbH., comprised 11.1% of total trade accounts receivables. For the three months ended June 30, 2023, one customer, Segur Investissements CDL SARL, comprised 17.1% of total revenue. For the three months ended June 30, 2022, no customer represented more than 10% of revenue.

Accounting Pronouncements Recently Adopted

In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASC 326”). ASC 326 provides more decision-useful information about the expected credit losses on financial instruments, other commitments to extend credit held by a reporting entity at each reporting date, and requires the entity to estimate its credit losses as far as it can reasonably estimate. This update became effective for the Company on April 1, 2023. The adoption of this guidance did not have a material impact on the Company’s combined financial statements.

Recent Accounting Pronouncements Not Yet Adopted

In August 2020, the FASB issued ASU No. 2020-06, Debt – Debt with Conversion and Other Options (Subtopic 470- 20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity (“ASU 2020-06”), which simplifies accounting for convertible instruments by removing major separation models required under current U.S. GAAP and simplifies the diluted earnings per share (“EPS”) calculation in certain areas. Under the new guidance there will be no separate accounting for embedded conversion features. It removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception. The amendments in this update are effective for the Company on April 1, 2024. Early adoption is permitted. The Company is currently evaluating the impact of adoption of this guidance its financial statements.

2. Summary of Significant Accounting Policies

Basis of Presentation

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

During the years ended March 31, 2023 and 2022, the Company and DIH International (“DIH Hong Kong”) were subsidiaries of DIH Cayman and were under common control of DIH Cayman. Significant intercompany transactions and balances have been eliminated on combination. In preparation of the combined financial statement information presented herein, the Company evaluated its transactions with DIH Cayman to determine if they are to be included in the combined financial statement information presented. Transactions with DIH China, a subsidiary of DIH Hong Kong, related to distribution services provided to the Company are disclosed as related party transactions in Note 12.

Foreign Currency Reporting

Transactions denominated in currencies other than the functional currency are remeasured based on the exchange rates at the time of the transaction. Foreign currency gains and losses arising primarily from changes in exchange rates on foreign currency denominated intercompany transactions and balances between foreign locations are recorded in the combined statements of operations. Realized and unrealized gains (losses) resulting from transactions conducted in foreign currencies for the years ended March 31, 2023 and 2022 were $667 and $(292), respectively.

Use of Estimates

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

Concentration of Credit Risk

Financial instruments that potentially subject the Company to credit risk primarily consists of cash and cash equivalents and accounts receivable. The Company maintains its cash and cash equivalents with highly-rated financial institutions and limits the amount of credit exposure to any one entity. We believe we do not have any significant credit risk on our cash and cash equivalents. For accounts receivable, the Company is exposed to credit risk in the event of nonpayment by customers which is limited to the amounts recorded on the combined balance sheets. The risk associated with this concentration is mitigated by our ongoing credit-review procedures and letters of credit or payment prior to shipment.

Major customers are defined as those individually comprising more than 10% of our trade accounts receivable or revenues. As of March 31, 2023, one customer, PEAC GmbH, comprised 11.1% of total trade accounts receivables. As of March 31, 2022, one customer, ST Engineering Training & Simulation Systems Pte. Ltd., comprised 12.6% of total trade accounts receivables. For the year ended March 31, 2023, Segur Investissements CDL SARL, comprised 11.3% of total revenue. For the year ended March 31, 2022, no customer represents more than 10% of revenue.

Revenue Recognition

Sales are recognized as the performance obligations to deliver products or services are satisfied and are recorded based on the amount of consideration the Company expects to receive in exchange for satisfying the performance obligations. The Company’s sales are recognized primarily when it transfers control to the customer, which can be on the date of shipment of the product, the date of receipt of the product by the customer or upon completion of any required product installation service depending on the terms of the sales contracts and product shipping terms. If a contract contains more than one performance obligation, the transaction price is allocated to each performance obligation based upon a relative standalone selling price and recognizes the related revenue when or as control of each individual performance obligation is transferred to customers. The Company does not assess whether promised goods or services are performance obligations if they are immaterial in the context of the contract with the customer. Sales represent the amount of consideration the Company expects to receive from customers in exchange for transferring products and services. Net sales exclude sales tax, value added and other taxes the Company collects from customers. Sales for extended warranties are deferred and recognized as revenue on a straight-line basis over the warranty period. The Company extends terms of payment to its customers based on commercially reasonable terms for the markets of its customers, while also considering their credit quality. Shipping and handling costs charged to customers are included in net sales.

Certain of the Company’s products are sold through distributors and third-party sales representatives under standard agreements whereby distributors purchase products from the Company and resell them to customers. These arrangements do not provide stock rotation or price protection rights and do not contain extended payment terms. Rights of return are limited to repair or replacement of delivered products that are defective or fail to meet the Company’s published specifications. Provisions for these warranty costs are recognized in the same period that the related revenue is recorded similar to other assurance-type warranties.

Deferred revenue primarily represents service contracts and equipment maintenance, for which consideration is received in advance of when service for the device or equipment is provided, and a smaller component of product shipments where a residual installation service is to be completed. Revenue related to services contracts and equipment maintenance is recognized over the service period as time elapses. Revenues related to products containing an installation clause, are recognized once the item is confirmed installed. See Note 3 for further information on the Company’s deferred revenue balances and remaining performance obligations.

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

Revenues exclude any taxes that the Company collects from customers and remits to tax authorities. Amounts billed to customer for shipping and handling are included in revenue, while the related shipping and handling costs are reflected in cost of sales in the period in which revenue is recognized. The Company has elected a practical expedient under ASC 606 that allows for shipping and handling activities that occur after the customer has obtained control of a good to be accounted for as a fulfillment cost. The Company does not adjust the promised amount of consideration for the effects of a significant financing component, if, at contract inception, the Company expects the period between the time when the Company transfers a promised good or service to the customer and the time when the customer pays for that good or service will be one year or less.

The Company exercises judgment in determining the timing of revenue by analyzing the point in time or the period over which the customer has the ability to direct the use of and obtain substantially all of the remaining benefits of the performance obligation. Typically, over-time revenue recognition is recognized on a straight-line basis over the service period, as a time-based measure of progress best reflects the Company’s performance in satisfying the performance obligation.

If a performance obligation does not qualify for over-time revenue recognition, revenue is then recognized at the point-in-time in which control of the distinct good or service is transferred to the customer, typically based upon the terms of delivery.

Warranties

The Company generally provides warranties for its products from manufacturing defects on a limited basis for a period of one year after purchase, but also has extended warranties that are separately priced for periods of up to four years. During the term of the warranty, if the device fails to operate properly from defects in materials and workmanship, the Company will fix or replace the defective product. If the customer does not allow required scheduled maintenance of the product during the extended warranty contract terms, the contract is canceled.

Cost of Sales

Cost of sales is comprised of direct materials and supplies consumed in the manufacture of products, as well as manufacturing labor, depreciation expense and direct overhead expense necessary to acquire and convert the purchased materials and supplies into finished product. Cost of sales also includes the cost to distribute products to customers, inbound freight costs, warehousing costs and other shipping and handling activity, excluding shipping and handling to customers.

Cost of service is comprised primarily of employee wages, benefits and related personnel expenses of our technical support team, our professional consulting personnel, and our training teams.

Selling, General and Administrative Expenses

Selling, general and administrative expense is primarily comprised of selling expenses, marketing expenses, administrative and other indirect overhead costs, and other miscellaneous operating items.

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

Research and Development

Research and development costs are expensed when incurred except for production stage software research and development costs. Research and development costs include costs of research, engineering, and technical activities to develop a new product or service or make significant improvement to an existing product or manufacturing process. Research and development costs also include pre-approval regulatory and clinical trial expenses.

Accounts Receivable, net

Accounts receivable, net in the accompanying combined balance sheets are presented net of allowances for doubtful accounts. The Company performs evaluations of its customers’ financial condition and, generally, requires no collateral from its customers. The standard terms and conditions include provisions of prepayments of up to 50% of the contract value prior to shipping the product to the customer. The Company evaluates the collectability of its accounts receivable based upon several factors, including historical experience, the likelihood of payment from its customers, and any other known specific factors associated with its customers. The Company makes judgments as to its ability to collect outstanding receivables and provides an allowance for specific receivables if and when collection becomes doubtful. Allowances are made based upon a specific review of aged invoices as well as a review of the overall quality and age of those invoices not specifically reviewed. Uncollectible accounts are written-off against the allowance when it is deemed that a customer account is uncollectible.

Fair Value Measurements

The Company uses any of three valuation approaches to measure fair value: the market approach, the income approach, and the cost approach in determining the appropriate valuation methodologies based on the nature of the asset or liability being measured and the reliability of the inputs used in arriving at fair value.

The Company’s financial instruments consist primarily of cash and cash equivalents, accounts receivable, accounts payable, revolving credit facilities, long-term debt, accrued expenses and other current liabilities, and accrued employee benefits. The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable, accrued expenses and other current liabilities, and accrued employee benefits are representative of their respective fair values due to the short-term maturity of these instruments. As the Company’s revolving credit facilities are repriced at short-term rates, their carrying value approximate the fair value. A majority of the Company’s long-term debt is due within 12 months and is classified as current in the combined Balance Sheet. The non-current portion of the long-term debt will be repaid within two years and is subject to repricing by the lender. Therefore the Company’s long term debt’s carrying value approximate the fair value.

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. These fair value measurements incorporate nonperformance risk (i.e., the risk that an obligation will not be fulfilled). In measuring fair value, the Company reflects the impact of credit risk on liabilities, as well as any collateral. The Company also considers the credit standing of counterparties in measuring the fair value of assets.

The Company follows the provisions of ASC 820, Fair Value Measurements (“ASC 820”) for non-financial assets and liabilities measured on a non-recurring basis such as on a potential impairment loss related to long-lived assets and assets and liabilities acquired in a business combination.

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

The three levels of the valuation hierarchy are defined as follows:

●

Level 1 – Observable inputs such as quoted prices in active markets at the measurement date for identical, unrestricted assets or liabilities.

●

Level 2 – Other inputs that are observable directly or indirectly such as quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability.

●

Level 3 – Unobservable inputs for which there is little or no market data and which the Company makes its own assumptions about how market participants would price the assets and liabilities.

A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability.

Cash and Cash Equivalents

The Company considers all highly liquid investments that are readily convertible into cash and have an original maturity of three months or less at the time of purchase to be cash equivalents.

Restricted Cash

Restricted cash primarily consists of cash collateralizing leases for the Company’s facilities and vehicles and pledged assets associated with other vendor agreements.

Inventories, net

Inventories are stated at the lower of cost or net realizable value, with cost determined on a weighted average cost basis. The Company reduces the carrying value of inventories for items that are potentially excess, obsolete, or slow-moving based on changes in customer demand, technology developments, or other economic factors. These reserves are included within the raw materials and spare parts, work in process, and finished and semi-finished goods accounts.

Inventory costs for manufactured products consist primarily of direct labor and materials (including salary and fringe benefits, raw materials, and supplies) and indirect costs (including allocations of costs from departments that support manufacturing activities and facility allocations). The allocation of fixed production overhead costs is based on actual production levels, to the extent that they are within the range of the facility’s normal capacity. Inventory costs for products purchased for resale or manufactured under contract consist primarily of the purchase cost, freight-in charges, and indirect costs as appropriate.

The Company regularly evaluates its inventory to determine if the costs are appropriately recorded at the lower of cost or market value. Lower of cost or market value write-downs are recorded if the book value exceeds the estimated net realizable value of the inventory, based on recent sales prices at the time of the evaluation.

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

Property and Equipment, Net

Property and equipment are stated at cost and depreciated over the useful lives of the assets using the straight- line method except for leasehold improvements which are depreciated over the shorter of the useful life or the lease term. Useful lives by asset category are as follows:

SCHEDULE OF PROPERTY AND EQUIPMENT NET

		Years
Computer software and hardware		3 years
Machinery and equipment		5-10 years
Vehicles		5 years
Furniture and fixtures		3-5 years
Buildings		30 years
Leasehold improvements		Shorter of remaining lease term or estimated useful life

Additions and improvements that extend the lives of the assets are capitalized, while expenditures for repairs and maintenance are expensed as incurred. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts, and any resulting gain or loss are reflected in the accompanying combined statements of operations for the period.

Capitalized software, net

Software development costs are capitalized in accordance with ASC 350-40, Internal Use Software Accounting and Capitalization. Software development costs related to preliminary project activities and post-implementation and maintenance activities are expensed as incurred. Direct costs related to application development activities that are probable to result in additional functionality are capitalized. Capitalized software development costs are amortized using the straight-line amortization method over the estimated useful life of the applicable software, 5 years, from which the expected benefit will be derived.

Other intangible assets, net

Costs associated with the acquisition of patent and technology related intangibles are capitalized and amortized using the straight-line method over the estimated useful life, 10 years, from which the expected benefit will be derived.

Demonstration Units

The Company utilizes product demonstration units that are used to display the product’s capabilities and demonstrate how it works to potential customers or for other appropriate applications. The Company records and carries the cost of these demonstration units as either inventory or property and equipment depending on several factors including the nature of the product, length of time the units are in the field prior to being sold, and whether management’s intent is to sell the units. The product demonstration units that are classified as property and equipment are carried net of accumulated depreciation.

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

Impairment of Long-Lived Assets, including intangible assets

Long-lived assets include acquired property and equipment, subject to amortization. The Company evaluates the recoverability of long-lived assets for possible impairment whenever events or changes in circumstances indicate that the related carrying amount may not be recoverable. Such events and changes may include significant changes in performance relative to expected operating results, significant changes in asset use, significant negative industry or economic trends, and changes in the Company’s business strategy. Recoverability is measured by a comparison of the carrying amount of an asset or asset group to the undiscounted future cash flows expected to be generated by the asset or asset group. When required, impairment losses on assets to be held and used are recognized based on the excess of the asset’s carrying amount over the fair value of the asset, while long-lived assets to be disposed of are reported at the lower of carrying amount or fair value less cost to sell.

Capitalized software costs and other intangible assets are tested for impairment whenever events or changes in circumstances that could impact recoverability occur.

For the years ended March 31, 2023 and 2022, the Company did not record any impairment losses.

Leases

The Company adopted the provisions of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 842 on April 1, 2021 using the modified retrospective approach and, as a result, did not restate prior periods. At the commencement of a contract, the Company determines if a contract meets the definition of a lease. A lease is a contract, or part of a contract, that conveys the right to control the use of identified property or equipment (an identified asset) for a period of time in exchange for consideration. The Company determines if the contract conveys the right to control the use of an identified asset for a period of time. The Company assesses throughout the period of use whether the Company has the following: (1) the right to obtain substantially all the economic benefits from use of the identified asset, and (2) the right to direct the use of the identified asset. This determination is reassessed if the terms of the contract are changed. Leases are classified as operating leases based on the terms of the lease agreement and certain characteristics of the identified asset. Right-of-use assets and lease liabilities are recognized at lease commencement date based on the present value of the minimum future lease payments.

The Company leases office space, vehicles and office equipment under operating leases. The Company has elected several practical expedients permitted under ASC 842. The Company has elected not to recognize right-of-use assets and liability for leases with a term of 12 months or less unless the lease includes an option to renew or purchase the underlying asset that are reasonably certain to be exercised. The Company has elected to account for lease and non-lease components as a single lease component for all of the Company’s leases. The Company has elected to use hindsight relief in determining the lease term and assessing impairment of right-of-use assets when transitioning to ASC 842. The Company has elected to not re-evaluate existing or expired contracts containing a lease, the classification of leases, or the initial direct costs for any existing leases previously accounted for under ASC 840.

Most real estate leases contain clauses for renewal at the Company’s option with renewal terms that generally extend the lease term from six months to five years. Certain lease agreements contain options to purchase the leased property and options to terminate the lease. Payments to be made in option periods are recognized as part of the right-of-use lease assets and lease liabilities when it is reasonably certain that the option to extend the lease will be exercised or the option to terminate the lease will not be exercised or is not at the Company’s option. The Company determines whether the reasonably certain threshold is met by considering all relevant factors, including company-specific plans and economic outlook.

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

Contingencies

The Company records a liability in the combined financial statements for loss contingencies when a loss is known or considered probable, and the amount may be reasonably estimated. If the reasonable estimate of a known or probable loss is a range, and no amount within the range is a better estimate than any other, the minimum amount of the range is accrued. If a loss is reasonably possible but not known or probable, and may be reasonably estimated, the estimated loss or range of loss is disclosed. Legal costs incurred in connection with loss contingencies are expensed as incurred.

Segment Information

The Company operates in one operating and reportable segment. Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the chief operating decision maker (“CODM”), in deciding how to allocate resources and assess performance. The Company’s Chief Executive Officer is the Company’s CODM. The CODM reviews revenue at the geographic region level, and gross profit, operating income and expenses, and net income at the Company wide level to allocate resources and assess the Company’s overall performance. Accordingly, decision-making regarding the Company’s overall operating performance and allocation of Company resources is assessed on an aggregate basis.

Defined Benefit Plan

The Company sponsors defined benefit pension plans (“pension plans”) for its employees and retirees. The Company recognizes the funded status of its pension plans on the combined balance sheets based on the year-end measurements of plan assets and benefit obligations. When the fair value of plan assets is in excess of the plan benefit obligations, the amounts are reported in other current assets and other assets. When the fair value of plan benefit obligations is in excess of plan assets, the amounts are reported in accrued expenses and other long-term liabilities based on the amount by which the actuarial present value of benefits payable in the next twelve months included in the benefit obligation exceeds the fair value of plan assets.

Net periodic pension benefit cost/(income) is recorded in the combined statements of operations and includes service cost, interest cost, expected return on plan assets, amortization of prior service costs/(credits) and (gains)/losses previously recognized as a component of other comprehensive income/(loss) and amortization of the net transition asset remaining in accumulated other comprehensive income/(loss). The service cost component of net benefit cost is recorded in selling, general and administrative in the combined statements of operations. The other components of net benefit cost are presented separately from service cost within other income (expense) in the combined statements of operations.

(Gains)/losses and prior service costs/(credits) are recognized as a component of other comprehensive income in the combined statements of comprehensive loss as they arise. Those (gains)/losses and prior service costs/(credits) are subsequently recognized as a component of net periodic cost/(income) pursuant to the recognition and amortization provisions of applicable accounting guidance. (Gains)/losses arise as a result of differences between actual experience and assumptions or as a result of changes in actuarial assumptions. Prior service costs/(credits) represent the cost of benefit changes attributable to prior service granted in plan amendments.

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

The measurement of benefit obligations and net periodic cost/(income) is based on estimates and assumptions approved by the company’s management. These valuations reflect the terms of the plans and use participant-specific information such as compensation, age, and years of service, as well as certain assumptions, including estimates of discount rates, expected return on plan assets, rate of compensation increases, interest crediting rates and mortality rates. See Note 13 for further information.

Acquisitions

In conjunction with each acquisition transaction, the Company determines if the acquisition meets the criteria to be accounted for as a business combination set forth in ASC 805, Business Combinations (“ASC 805”). The Company evaluates the acquisition to assess whether or not the transaction should be accounted for as a business combination or asset acquisition by first applying a screen test to determine if substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets. If the screen is met, the transaction is accounted for as an asset acquisition. If the screen is not met, further determination is required as to whether or not the Company has acquired inputs and processes that have the ability to create outputs which would meet the definition of a business.

If the transaction is determined not to be a business combination, it is accounted for as an asset acquisition. For asset acquisitions, the Company allocates the purchase price and other related costs incurred to the assets acquired and liabilities assumed based on recent independent appraisals and management judgment.

If the acquisition is determined to be a business combination, the Company records the fair value of acquired tangible assets and identified intangible assets and as well as any noncontrolling interest in accordance ASC 805. Any consideration paid in excess of the net fair value of the identifiable assets and liabilities acquired in a business combination is recorded to goodwill and acquisition-related costs are expensed as incurred.

In October 2022, DIH acquired the SafeGait 360 and SafeGait Active smart mobility trainer systems from Gorbel, an innovative United States-based developer and manufacturer of smart material handling and fall protection equipment. The SafeGait acquisition was accounted for as an asset acquisition based on an evaluation of the U.S. GAAP guidance for business combinations. The total cost of the asset acquisition was $0.8 million, of which $0.1 million was paid upon closing. The Company made subsequent payments of $0.2 million in the first quarter of the year ending March 31, 2024. These subsequent payments and the $0.5 million contingent consideration liability is presented within accrued expenses and other current liabilities in the combined balance sheet as of March 31, 2023 . The Company determined that the contingent consideration was not subject to derivative accounting.

Income Taxes

Income taxes are accounted for under the asset-and-liability method. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities, as well as loss and tax credit carryforwards and their respective tax bases measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

A valuation allowance is established if, based upon the available evidence, it is more likely than not that some or all the deferred tax assets will not be realized. The Company considers all available evidence, both positive and negative, including historical levels of income, expectations and risks associated with estimates of future taxable income in assessing the need for a valuation allowance.

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

Deferred tax assets and deferred tax liabilities are presented as noncurrent in a classified balance sheet.

The Company’s tax positions are subject to income tax audits by multiple tax jurisdictions throughout the world. The Company recognizes the tax benefit of an uncertain tax position only if it is more likely than not the position will be sustainable upon examination by the taxing authority, including resolution of any related appeals or litigation processes. This evaluation is based on all available evidence and assumes that the tax authorities have full knowledge of all relevant information concerning the tax position. The tax benefit recognized is measured as the largest amount of benefit which is more likely than not (greater than 50% likely) to be realized upon ultimate settlement with the taxing authority. The Company recognizes interest accrued and penalties related to unrecognized tax benefits in income tax expense (benefit). The Company adjusts these reserves in accordance with the income tax guidance when facts and circumstances change, such as the closing of a tax audit or the refinement of an estimate. To the extent that the final tax outcome of these matters is different from the amounts recorded, such differences will affect the provision for income taxes in the period in which such determination is made and could have a material impact on the Company’s financial condition and operating results.

Under the Tax Cuts and Jobs Act, the Global Intangible Low-Taxed Income (“GILTI”) provisions impose a tax on foreign income in excess of a deemed return on tangible assets of foreign corporations. Under GAAP, companies are allowed to make an accounting policy election to either (i) account for GILTI as a period cost within income tax expense in the period in which it is incurred or (ii) account for GILTI in a company’s measurement of deferred taxes. The Company elected to account for GILTI as a period cost.

On March 27, 2020, former President Trump signed into law the “Coronavirus Aid, Relief, and Economic Security (“CARES Act”). The CARES Act, among other things, includes provisions relating to refundable payroll tax credits, deferment of employer side social security payments, net operating loss carryback periods, alternative minimum tax credit refunds, modifications to the net interest deduction limitations, increased limitations on qualified charitable contributions, and technical corrections to tax depreciation methods for qualified improvement property. However, the CARES Act had no material impact on the combined financial statements.

Recent Accounting Pronouncements Adopted

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), Amendments to the FASB Accounting Standards Codification, which supersedes the existing guidance for lease accounting. The FASB has issued several updates to the standard which: (i) clarify how to apply certain aspects of the new standard, (ii) provide an additional transition method for adoption of the new standard, (iii) provide a practical expedient for certain lessor accounting, and (iv) amend certain narrow aspects of the guidance (collectively, “ASC 842”). ASC 842 requires the identification of arrangements that should be accounted for as leases by lessees. In general, for lease arrangements exceeding a twelve-month term, these arrangements must now be recognized as assets and liabilities on the balance sheet of the lessee. Under ASC 842, a right-of-use asset and lease obligation will be recorded for all leases, whether operating or financing, while the income statement will reflect lease expense for operating leases and amortization/interest expense for financing leases. The balance sheet amount recorded for existing leases at the date of adoption of ASC 842 is calculated using the applicable incremental borrowing rate at the date of adoption. The Company early adopted ASC 842 with an effective date of April 1, 2021. The Company elected not to apply the recognition requirements of ASC 842, Leases, to short-term leases, which are deemed to be leases with a lease term of 12 months or less. Instead, lease payments are recognized in the combined statements of operations on a straight-line basis over the lease term and variable payments in the period in which the obligation for these payments are incurred. The Company did not apply the practical expedient related to the separation of lease and non-lease components or the practical expedient which allows entities to use hindsight when determining lease term.

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

Recent Accounting Pronouncements Not Yet Adopted

In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASC 326”). ASC 326 provides more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. ASC 326 was originally effective for annual reporting periods beginning after December 15, 2019. Following the release of ASU 2019-10 in November 2019, the amendments in this update are effective for the Company on April 1, 2023.The provisions of this ASU are to be applied using a modified-retrospective approach. The Company is currently evaluating the impact of adoption of this guidance on its financial statements.

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

SUMMARY OF CHANGE IN FAIR VALUE OF DERIVATIVE WARRANT LIABILITIES (Details) - USD ($)	3 Months Ended						5 Months Ended	12 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Dec. 31, 2022
Public Warrants [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative warrant liabilities		$ 446,420			$ 1,616,000
Initial fair value at issuance						3,521,870		3,521,870
Change in fair value	$ (220,180)	58,580	$ 42,420	$ (353,500)	(858,500)	(1,905,870)		(3,075,450)
Derivative warrant liabilities			446,420			1,616,000		446,420
Derivative warrant liabilities	505,000	446,420	404,000	757,500
Derivative warrant liabilities	284,820	505,000	446,420	404,000	757,500			446,420
Public Warrants [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative warrant liabilities
Initial fair value at issuance						3,521,870		3,521,870
Change in fair value
Derivative warrant liabilities
Public Warrants [Member] \| Fair Value, Inputs, Level 3 [Member] \| Tranche One [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Change in fair value						(1,905,870)		(1,905,870)
Transfer of private placement warrants to level 2 measurement						(1,616,000)		(1,616,000)
Public Warrants [Member] \| Fair Value, Inputs, Level 3 [Member] \| Tranche Two [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfer of private placement warrants to level 2 measurement
Private Placement Warrants [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative warrant liabilities
Initial fair value at issuance						2,258,677		2,258,677
Change in fair value	(71,000)	20,000	14,000	(118,000)	(280,952)	(1,730,725)		(2,115,677)
Derivative warrant liabilities
Derivative warrant liabilities	163,000	143,000	129,000	247,000	527,952
Derivative warrant liabilities	92,000	163,000	143,000	129,000	247,000	527,952		143,000
Private Placement Warrants [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative warrant liabilities			129,000	247,000	527,952
Initial fair value at issuance						2,258,677		2,258,677
Change in fair value			14,000	(118,000)	(280,952)
Derivative warrant liabilities				129,000	247,000	527,952
Private Placement Warrants [Member] \| Fair Value, Inputs, Level 3 [Member] \| Tranche One [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Change in fair value						(1,730,725)		(2,115,677)
Transfer of private placement warrants to level 2 measurement
Private Placement Warrants [Member] \| Fair Value, Inputs, Level 3 [Member] \| Tranche Two [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfer of private placement warrants to level 2 measurement			(143,000)					(143,000)
Warrant Liability [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative warrant liabilities			129,000	247,000	527,952
Initial fair value at issuance						5,780,547		5,780,547
Change in fair value			14,000	(118,000)	(280,952)
Derivative warrant liabilities				129,000	247,000	527,952
Warrant Liability [Member] \| Fair Value, Inputs, Level 3 [Member] \| Tranche One [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Change in fair value						(3,636,595)		(4,021,547)
Transfer of private placement warrants to level 2 measurement						(1,616,000)		(1,616,000)
Warrant Liability [Member] \| Fair Value, Inputs, Level 3 [Member] \| Tranche Two [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfer of private placement warrants to level 2 measurement			(143,000)					(143,000)
Derivative Warrant Liability [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative warrant liabilities
Initial fair value at issuance						5,780,547		5,780,547
Change in fair value	(291,180)	78,580	56,420	(471,500)	(1,139,452)	(3,636,595)		(5,191,127)
Derivative warrant liabilities
Derivative warrant liabilities	668,000	589,420	533,000	1,004,500	2,143,952
Derivative warrant liabilities	$ 376,820	$ 668,000	$ 589,420	$ 533,000	$ 1,004,500	$ 2,143,952		$ 589,420

SCHEDULE OF RESTATEMENT ADJUSTMENT AND OTHER IMMATERIAL ADJUSTMENTS (Details) - USD ($)	3 Months Ended				5 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Mar. 31, 2021
Revenue										$ 49,038,000
Cost of sales										24,264,000
Gross Profit										24,774,000
Selling and administrative expense										27,276,000
Total operating expenses										35,232,000
Operating Loss	$ (837,555)		$ (193,673)		$ (9,963)	$ (2,389,231)	$ (991,071)		$ (1,705,315)	(10,458,000)
Loss before income taxes										(11,357,000)
Net loss	150,844	$ (361,371)	1,198,920	$ 3,097,637	(9,963)	(210,527)	4,296,557		6,604,155	(12,053,000)
Total current assets	90,790				65,373	90,790			475,700
Total assets	60,289,664				372,775	60,289,664			207,355,603
Accounts payable	434,496					434,496			30,132
Total current liabilities	3,116,479				357,738	3,116,479			437,158
Total liabilities	10,563,299				357,738	10,563,299			8,096,578
Net parent company investment
Accumulated other comprehensive income
Total (deficit)	(10,472,509)	(9,521,134)	(7,321,714)	(8,267,493)	15,037	(10,472,509)	(7,321,714)	$ (9,521,134)	(7,620,878)	(8,267,493)
Total liabilities and (deficit)	60,289,664				372,775	60,289,664			207,355,603
Balance, value	(9,521,134)	(7,620,878)	(8,267,493)	15,037		(7,620,878)	15,037	(8,267,493)	15,037
Balance, value	(10,472,509)	(9,521,134)	(7,321,714)	(8,267,493)	15,037	(10,472,509)	(7,321,714)	(9,521,134)	(7,620,878)	(8,267,493)
Net cash provided by (used) in operating activities					1	(359,910)	(910,409)		(1,095,955)
DIH Holding US, Inc. [Member]
Revenue	13,174,000		7,870,000					54,998,000		49,038,000
Cost of sales	6,892,000		3,333,000					20,456,000		24,264,000
Gross Profit	6,282,000		4,537,000					34,542,000		24,774,000
Selling and administrative expense	6,693,000		5,966,000					26,415,000		27,276,000
Total operating expenses	8,481,000		8,156,000					34,760,000		35,232,000
Operating Loss	(2,199,000)		(3,619,000)					(218,000)		(10,458,000)
Loss before income taxes	(3,136,000)		(3,330,000)					(331,000)		(11,357,000)
Net loss	(3,362,000)		(3,958,000)					(2,361,000)		(12,053,000)
Accounts receivables, net	5,775,000	6,079,000		6,444,000		5,775,000		6,079,000		6,444,000
Inventories, net	7,760,000	6,121,000		4,792,000		7,760,000		6,121,000		4,792,000
Total current assets	21,143,000	30,785,000		25,434,000		21,143,000		30,785,000		25,434,000
Total assets	29,706,000	37,434,000		34,021,000		29,706,000		37,434,000		34,021,000
Accounts payable	4,078,000	3,200,000		3,580,000		4,078,000		3,200,000		3,580,000
Advance payments from customers	9,171,000	6,878,000		4,211,000		9,171,000		6,878,000		4,211,000
Accrued expenses and other current liabilities	10,860,000	12,411,000		8,053,000		10,860,000		12,411,000		8,053,000
Total current liabilities	50,392,000	58,608,000		48,842,000		50,392,000		58,608,000		48,842,000
Total liabilities	62,464,000	66,488,000		60,443,000		62,464,000		66,488,000		60,443,000
Net parent company investment	(36,363,000)	(32,977,000)		(30,503,000)		(36,363,000)		(32,977,000)		(30,503,000)
Accumulated other comprehensive income	3,605,000	3,923,000		4,081,000		3,605,000		3,923,000		4,081,000
Total (deficit)	(32,758,000)	(29,054,000)	(29,755,000)	(26,422,000)		(32,758,000)	(29,755,000)	(29,054,000)		(26,422,000)	$ (16,185,000)
Total liabilities and (deficit)	29,706,000	37,434,000		34,021,000		29,706,000		37,434,000		34,021,000
Foreign currency translation adjustments, net of tax										690,000
Other comprehensive income	(318,000)		632,000					(158,000)		1,995,000
Comprehensive loss										(10,058,000)
Balance, value	(29,054,000)		(26,422,000)					(26,422,000)		(16,185,000)
Balance, value	(32,758,000)	(29,054,000)	(29,755,000)	(26,422,000)		(32,758,000)	(29,755,000)	(29,054,000)		(26,422,000)	(16,185,000)
Pension income	66,000		(105,000)					(417,000)		(282,000)
Accounts receivables, net	935,000		2,901,000					(483,000)		3,462,000
Inventories	(2,142,000)		(457,000)					244,000		3,189,000
Accounts payable	87,000		54,000					345,000		(1,109,000)
Other Liabilities	(2,062,000)		426,000					417,000		899,000
Advance payments from customers	2,256,000		(9,000)					2,666,000		3,063,000
Accrued expense and other current liabilities	(1,725,000)		1,217,000					4,130,000		(1,347,000)
Net cash provided by (used) in operating activities	(2,402,000)		195,000					6,183,000		(744,000)
DIH Holding US, Inc. [Member] \| Net Parent Company Investment [Member]
Net loss	(3,362,000)	(3,362,000)	(3,958,000)					(2,361,000)		(12,053,000)
Total (deficit)	(36,363,000)	(32,977,000)	(34,468,000)	(30,503,000)		(36,363,000)	(34,468,000)	(32,977,000)		(30,503,000)	(18,271,000)
Other comprehensive income
Balance, value	(32,977,000)		(30,503,000)					(30,503,000)		(18,271,000)	(7,420,000)
Other comprehensive income, net of tax
Balance, value	(36,363,000)	(32,977,000)	(34,468,000)	(30,503,000)		(36,363,000)	(34,468,000)	(32,977,000)		(30,503,000)	(18,271,000)
DIH Holding US, Inc. [Member] \| AOCI Attributable to Parent [Member]
Net loss
Total (deficit)	3,605,000	3,923,000	4,713,000	4,081,000		3,605,000	4,713,000	3,923,000		4,081,000	2,086,000
Other comprehensive income	(318,000)		632,000					(158,000)		1,995,000
Balance, value	3,923,000		4,081,000					4,081,000		2,086,000	(296,000)
Other comprehensive income, net of tax										1,995,000
Balance, value	$ 3,605,000	$ 3,923,000	4,713,000	4,081,000		$ 3,605,000	$ 4,713,000	3,923,000		4,081,000	2,086,000
Previously Reported [Member]
Revenue										48,979,000
Cost of sales										22,750,000
Gross Profit										26,229,000
Selling and administrative expense										27,633,000
Total operating expenses										35,589,000
Operating Loss										(9,360,000)
Loss before income taxes										(10,259,000)
Net loss										(10,955,000)
Previously Reported [Member] \| DIH Holding US, Inc. [Member]
Revenue										48,979,000
Cost of sales										22,750,000
Gross Profit										26,229,000
Selling and administrative expense										27,633,000
Total operating expenses										35,589,000
Operating Loss										(9,360,000)
Loss before income taxes										(10,259,000)
Net loss										(10,955,000)
Accounts receivables, net				6,385,000						6,385,000
Inventories, net				5,559,000						5,559,000
Total current assets				26,142,000						26,142,000
Total assets				34,729,000						34,729,000
Accounts payable				4,988,000						4,988,000
Advance payments from customers
Accrued expenses and other current liabilities				10,749,000						10,749,000
Total current liabilities				48,735,000						48,735,000
Total liabilities				60,336,000						60,336,000
Net parent company investment				(30,031,000)						(30,031,000)
Accumulated other comprehensive income				4,424,000						4,424,000
Total (deficit)				(25,607,000)						(25,607,000)
Total liabilities and (deficit)				34,729,000						34,729,000
Foreign currency translation adjustments, net of tax										407,000
Other comprehensive income										1,712,000
Comprehensive loss										(9,243,000)
Balance, value			(25,607,000)					(25,607,000)
Balance, value				(25,607,000)						(25,607,000)
Pension income										1,013,000
Accounts receivables, net										3,521,000
Inventories										2,421,000
Accounts payable										(339,000)
Other Liabilities										(677,000)
Advance payments from customers
Accrued expense and other current liabilities										838,000
Net cash provided by (used) in operating activities										(744,000)
Previously Reported [Member] \| DIH Holding US, Inc. [Member] \| Net Parent Company Investment [Member]
Net loss										(10,955,000)
Total (deficit)				(30,031,000)						(30,031,000)	(18,897,000)
Balance, value			(30,031,000)					(30,031,000)		(18,897,000)	(8,046,000)
Other comprehensive income, net of tax
Balance, value				(30,031,000)						(30,031,000)	(18,897,000)
Previously Reported [Member] \| DIH Holding US, Inc. [Member] \| AOCI Attributable to Parent [Member]
Net loss
Total (deficit)				4,424,000						4,424,000	2,712,000
Balance, value			4,424,000					4,424,000		2,712,000	330,000
Other comprehensive income, net of tax										1,712,000
Balance, value				4,424,000						4,424,000	2,712,000
Revision of Prior Period, Adjustment [Member]
Revenue										59,000
Cost of sales										1,514,000
Gross Profit										(1,455,000)
Selling and administrative expense										(357,000)
Total operating expenses										(357,000)
Operating Loss										(1,098,000)
Loss before income taxes										(1,098,000)
Net loss										(1,098,000)
Revision of Prior Period, Adjustment [Member] \| DIH Holding US, Inc. [Member]
Revenue										59,000
Cost of sales										1,514,000
Gross Profit										(1,455,000)
Selling and administrative expense										(357,000)
Total operating expenses										(357,000)
Operating Loss										(1,098,000)
Loss before income taxes										(1,098,000)
Net loss										(1,098,000)
Accounts receivables, net				59,000						59,000
Inventories, net				(767,000)						(767,000)
Total current assets				(708,000)						(708,000)
Total assets				(708,000)						(708,000)
Accounts payable				(1,408,000)						(1,408,000)
Advance payments from customers				4,211,000						4,211,000
Accrued expenses and other current liabilities				(2,696,000)						(2,696,000)
Total current liabilities				107,000						107,000
Total liabilities				107,000						107,000
Net parent company investment				(472,000)						(472,000)
Accumulated other comprehensive income				(343,000)						(343,000)
Total (deficit)				(815,000)						(815,000)
Total liabilities and (deficit)				(708,000)						(708,000)
Foreign currency translation adjustments, net of tax										283,000
Other comprehensive income										283,000
Comprehensive loss										(815,000)
Balance, value			(815,000)					(815,000)
Balance, value				(815,000)						(815,000)
Pension income										(1,295,000)
Accounts receivables, net										(59,000)
Inventories										768,000
Accounts payable										(770,000)
Other Liabilities										1,576,000
Advance payments from customers										3,063,000
Accrued expense and other current liabilities										(2,185,000)
Net cash provided by (used) in operating activities
Revision of Prior Period, Adjustment [Member] \| DIH Holding US, Inc. [Member] \| Net Parent Company Investment [Member]
Net loss										(1,098,000)
Total (deficit)				(472,000)						(472,000)	626,000
Balance, value			(472,000)					(472,000)		626,000	626,000
Other comprehensive income, net of tax
Balance, value				(472,000)						(472,000)	626,000
Revision of Prior Period, Adjustment [Member] \| DIH Holding US, Inc. [Member] \| AOCI Attributable to Parent [Member]
Net loss
Total (deficit)				(343,000)						(343,000)	(626,000)
Balance, value			$ (343,000)					$ (343,000)		(626,000)	(626,000)
Other comprehensive income, net of tax										283,000
Balance, value				$ (343,000)						$ (343,000)	$ (626,000)

INVENTORIES, NET (Tables)

3 Months Ended

12 Months Ended

Jun. 30, 2023

Mar. 31, 2023

SCHEDULE OF INVENTORIES, NET

As of June 30, 2023 and March 31, 2023, inventories, net, consisted of the following:

SCHEDULE OF INVENTORIES, NET

	As of June 30, 2023			As of March 31, 2023
Raw materials and spare parts	$	6,400		$	5,908
Work in process		1,788			1,146
Finished goods		1,761			593
Less: reserves		(2,189	)		(1,526	)
Total inventories, net	$	7,760		$	6,121

As of March 31, 2023 and 2022, inventories, net, consisted of the following:

SCHEDULE OF INVENTORIES, NET

	2023			2022
	As of March 31,
	2023			2022
				As Restated
Raw materials and spare parts	$	5,908		$	5,108
Work in process		1,146			1,362
Finished goods		593			1,489
Less: reserves		(1,526	)		(3,167	)
Total inventories, net	$	6,121		$	4,792

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

PRIVATE PLACEMENT

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Private Placement

PRIVATE PLACEMENT

NOTE 4. PRIVATE PLACEMENT

Simultaneously with the closing of the Initial Public Offering, the Sponsor purchased an aggregate of 6,470,000 Private Placement Warrants at a price of $1.00 per warrant ($6,470,000 in the aggregate) in a private placement.

Each two private placement warrants (the “Private Placement Warrants”) are exercisable for one whole Class A ordinary share at a price of $11.50 per share. A portion of the proceeds from the Private Placement Warrants were added to the proceeds from the Initial Public Offering to be held in the Trust Account. If the Company does not complete a Business Combination within the Combination Period, the proceeds from the sale of the Private Placement Warrants held in the Trust Account will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law), and the Private Placement Warrants will expire worthless.

NOTE 4. PRIVATE PLACEMENT

WARRANTS (Details Narrative) - $ / shares	6 Months Ended	12 Months Ended
WARRANTS (Details Narrative) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Class of Warrant or Right [Line Items]
Number of warrants or rights outstanding	26,670,000	26,670,000
Minimum lock in period for transfer, assign or sell warrants after completion of IPO	30 days	30 days
Share Price Equal Or Exceeds Eighteen Rupees Per Dollar [Member]
Class of Warrant or Right [Line Items]
Class of warrant or right, exercise price of warrants or rights	$ 18.00	$ 18.00
Class of warrant or right exercise price adjustment percentage higher of market value	180.00%	180.00%
Share Price Equal Or Less Nine Point Two Rupees Per Dollar [Member]
Class of Warrant or Right [Line Items]
Class of warrant or right, exercise price of warrants or rights	$ 9.20	$ 9.20
Class of warrant or right exercise price adjustment percentage higher of market value	115.00%	115.00%
Share Price Equal Or Less Nine Point Two Rupees Per Dollar [Member] \| Common Class A [Member]
Class of Warrant or Right [Line Items]
Share redemption trigger price	$ 9.20	$ 9.20
Minimum percentage gross proceeds required from issuance of equity	60.00%	60.00%
Class of warrant right minimum notice period for redemption	20 days	20 days
Public Warrants [Member]
Class of Warrant or Right [Line Items]
Number of warrants or rights outstanding	20,200,000	20,200,000
Warrants exercisable term from the date of completion of business combination	30 days	30 days
Minimum lock in period for SEC registration from date of business combination	20 days	20 days
Minimum lock in period to become effective after the closing of the initial business combination	60 days	60 days
Private Placement Warrants [Member]
Class of Warrant or Right [Line Items]
Number of warrants or rights outstanding	6,470,000	6,470,000
Redemption Of Warrants [Member] \| Share Price Equal Or Exceeds Eighteen Rupees Per Dollar [Member] \| Common Class A [Member]
Class of Warrant or Right [Line Items]
Class of warrants redemption price per unit	$ 0.01	$ 0.01
Class of warrants, redemption notice period	30 days	30 days
Share price	$ 18.00	$ 18.00
Number of consecutive trading days for determining share price	20 days	20 days
Number of trading days for determining share price	30 days	30 days

SCHEDULE OF PROVISION FOR INCOME TAXES (Details) - DIH Holding US, Inc. [Member] - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023	Mar. 31, 2022
Restructuring Cost and Reserve [Line Items]
State
Federal
Foreign			1,435	391
State
Federal
Foreign			70	55
State
Federal			525	250
Foreign
Total	$ 226	$ 628	$ 2,030	$ 696

ORGANIZATION AND PLANS OF BUSINESS OPERATIONS

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2023

Mar. 31, 2023

Dec. 31, 2022

ORGANIZATION AND PLANS OF BUSINESS OPERATIONS

NOTE 1. ORGANIZATION AND PLANS OF BUSINESS OPERATIONS

Organization and General

Aurora Technology Acquisition Corporation (the “Company”) was incorporated as a Cayman Islands exempted company on August 6, 2021. The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, recapitalization or similar business combination with one or more businesses (a “Business Combination”). The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended (the “Securities Act”), as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”).

Sponsor and Initial Financing

As of June 30, 2023, the Company had not commenced any operations. All activity through June 30, 2023 relates to the Company’s formation, the initial public offering (the “Initial Public Offering” or “IPO”), which is described below, and identifying a target for a Business Combination. The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company generates non-operating income in the form of interest income from the proceeds derived from the Initial Public Offering.

The registration statement for the Initial Public Offering was declared effective on February 7, 2022. On February 9, 2022, the Company consummated the Initial Public Offering of 20,200,000 units (the “Units” and, with respect to the Class A ordinary shares included in the Units sold, the “Public Shares”), which includes the exercise by the underwriter of its over-allotment option in the amount of 200,000 Units, at $10.00 per Unit, generating gross proceeds of $202,000,000, which is described in Note 3.

Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 6,470,000 warrants (each, a “Private Placement Warrant” and, collectively, the “Private Placement Warrants”) at a price of $1.00 per Private Placement Warrant in a private placement to ATAC Sponsor LLC (the “Sponsor”), generating gross proceeds of $6,470,000, which is described in Note 4.

Transaction costs related to the consummation of the IPO on February 9, 2022, amounted to $29,192,787, consisting of $2,525,000 of underwriting discount, $7,070,000 of deferred underwriting fees, over-allotment option liability of $258,440, $3,030,000 for issuance of representative shares, $15,596,420 fair value of rights underlying the Units, and $712,927 of actual offering costs. In addition, on February 9, 2022, cash of $1,468,333 was held outside of the Trust Account (as defined below) and was available for the payment of offering costs and for working capital purposes.

The Trust Account

Following the closing of the Initial Public Offering on February 9, 2022 (“IPO Closing Date”), an amount of $204,020,000 ($10.10 per Unit) from the net proceeds of the sale of the Units in the Initial Public Offering and the sale of the Private Placement Warrants was placed in a trust account (the “Trust Account”). The funds in the Trust Account is invested only in U.S. government treasury bills with a maturity of 185 days or less or in money market funds investing solely in U.S. Treasuries and meeting certain conditions under Rule 2a-7 under the Investment Company Act of 1940, as amended. The Company will not be permitted to withdraw any of the principal or interest held in the Trust Account except for the withdrawal of interest to pay taxes, if any. The funds held in the Trust Account will not otherwise be released from the trust account until the earliest of: (i) the Company’s completion of a Business Combination; (ii) the redemption of any Public Shares properly submitted in connection with a shareholder vote to amend the Company’s Amendment No. 1 to the Amended and Restated Memorandum of Association, and (iii) the redemption of the Company’s Public Shares if the Company is unable to complete the initial Business Combination within 12 months (or up to 24 months, if applicable) from the IPO Closing Date (the “Combination Period”).

On February 3, 2023 in connection with its Extraordinary General Meeting held on February 3, 2023 (the “February Extraordinary General Meeting”), the Company and Continental Stock Transfer & Trust Company (the “Trustee”) entered into Amendment No. 1 to the Investment Management Trust Agreement dated February 7, 2022 to allow the Company to extend the date by which it has to consummate a business combination six times for an additional one month each time from February 9, 2023 to August 9, 2023, extending the Combination period up to 24 months, if applicable, by depositing into the Trust Account for each one-month extension the lesser of $135,000 or $0.045 per share multiplied by the number of public shares then outstanding. As of June 30, 2023, the Company exercised five of the one-month extensions, depositing a total of $675,000 into the Trust Account to fund the extensions.

Business Combination

The Company’s management has broad discretion with respect to the specific application of the net proceeds from the Initial Public Offering, although substantially all of the net proceeds from the Initial Public Offering are intended to be generally applied toward consummating a Business Combination with (or acquisition of) a Target Business. As used herein, “Target Business” means one or more target businesses that together have an aggregate fair market value equal to at least 80% of the value of the assets held in the Trust Account (excluding the deferred underwriting commissions and taxes payable on the interest earned on the trust account) at the time of the signing of a definitive agreement in connection with a Business Combination.

Furthermore, there is no assurance that the Company will be able to successfully effect a Business Combination.

The Company will provide its public shareholders with the opportunity to redeem all or a portion of their Public Shares upon the completion of a Business Combination, either (i) in connection with a shareholder meeting called to approve such Business Combination or (ii) by means of a tender offer. The public shareholders will be entitled to redeem their shares for a pro rata portion of the amount held in the Trust Account, calculated as of two business days prior to the completion of a Business Combination, including any pro rata interest earned on the funds held in the Trust Account and not previously released to the Company to pay its tax obligations. The per-share amount to be distributed to the public shareholders who redeem their shares will not be reduced by the deferred underwriting commissions the Company will pay to the underwriter in connection with the IPO (as discussed in Note 6). There will be no redemption rights upon the completion of a Business Combination with respect to the Company’s warrants. As a result, shares are recorded at their redemption amount and classified as temporary equity, in accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 480, “Distinguishing Liabilities from Equity” (“ASC 480”).

The decision as to whether the Company will seek shareholder approval of a Business Combination or will allow shareholders to sell their shares in a tender offer will be made by the Company, in its sole discretion, and will be based on a variety of factors such as the timing of the transaction and whether the terms of the transaction would otherwise require the Company to seek shareholder approval unless a vote is required by law or stock exchange listing requirements. If the Company seeks shareholder approval, it will complete its Business Combination only if a majority of the Company’s ordinary shares entitled to vote thereon are voted in favor of such Business Combination. However, in no event will the Company redeem its Public Shares in an amount that would cause the Company’s net tangible assets to be less than $5,000,001 upon consummation of a Business Combination. In such case, the Company would not proceed with the redemption of its Public Shares and the related Business Combination, and instead may search for an alternate Business Combination.

The Company has until February 7, 2024, to complete its initial Business Combination, if we exercise out right to extend as approved in the Extraordinary General Meeting held on July 27, 2023; provided the Company, by resolution of the board of directors if requested by the Sponsor, extends the period of time to consummate the initial Business Combination up to six times, each by an additional one month (for a total of up to 24 months from the date of the Initial Public Offering to complete the Business Combination), subject to the Sponsor depositing additional funds into the Trust Account (each one month period individually, an “Extension Period”) pursuant to the Company’s Amendment No. 1 to the Amended and Restated Memorandum of Association. If the Company does not complete a Business Combination by such date (or such longer period as described above), the Company shall (i) cease all operations except for the purposes of winding up; (ii) as promptly as reasonably possible but not more than 10 business days thereafter, redeem the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest (less up to $50,000 of interest to pay dissolution expenses and which interest shall be net of taxes payable), divided by the number of then issued and outstanding Public Shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidating distributions, if any); and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining shareholders and its board of directors, liquidate and dissolve, subject in each case to the Company’s obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law. There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless if the Company fails to complete its initial Business Combination by August 9, 2023, or within any applicable Extension Period. The Company’s “initial shareholders” (as defined below) have entered into a letter agreement with the Company, pursuant to which the initial shareholders have waived their rights to liquidating distributions from the Trust Account with respect to their Founder Shares (as defined in Note 5) if the Company fails to complete its initial Business Combination by August 9, 2023, or within any applicable Extension Period. However, if any initial shareholders acquire Public Shares, such initial shareholders will be entitled to liquidating distributions from the Trust Account with respect to such Public Shares if the Company fails to complete its initial Business Combination by August 9, 2023, or within any applicable Extension Period. As used herein, the term “initial shareholders” refers to the holders of Founder Shares prior to the IPO.

The Sponsor has agreed that it will be liable to the Company if and to the extent any claims by a third party (other than the Company’s independent auditors) for services rendered or products sold to the Company, or a prospective target business with which the Company has discussed entering into a transaction agreement, reduce the amount of funds in the Trust Account to below (1) $10.10 per Public Share or (2) such lesser amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account, due to reductions in value of the trust assets, in each case net of the amount of interest which may be withdrawn to pay taxes, except as to any claims by a third party who executed a waiver of any and all rights to seek access to the Trust Account and except as to any claims under the Company’s indemnity of the underwriter of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act. In the event that an executed waiver is deemed to be unenforceable against a third party, then the Sponsor will not be responsible to the extent of any liability for such third-party claims. The Company will seek to have all third parties, including, but not limited to, all vendors, service providers (other than its independent registered public accounting firm), prospective target businesses and other entities with which the Company does business execute agreements with the Company waiving any right, title, interest or claims of any kind in or to any monies held in the Trust Account.

On February 26, 2023 (the “Signing Date”), Aurora Technology Acquisition Corp., a Cayman Islands exempted company (which shall migrate to and domesticate as a Delaware corporation prior to the Closing, as defined below) (“ATAK”), entered into a Business Combination Agreement (as it may be amended, supplemented or otherwise modified from time to time in accordance with its terms, the “Business Combination Agreement”), among ATAK, Aurora Technology Merger Sub Corp., a Nevada corporation and a direct, wholly-owned subsidiary of ATAK (“Merger Sub”), and DIH Holding US, Inc., a Nevada corporation (“DIH”). ATAK and DIH are each individually referred to herein as a “Party” and, collectively, the “Parties.”

The Business Combination Agreement has been approved by the board of directors of each of ATAK and Merger Sub and DIH, respectively. The transactions contemplated by the Business Combination Agreement are referred to as the “Business Combination.”

Following the time of the closing of the Business Combination (the “Closing,” and the date on which the Closing occurs, the “Closing Date”), the combined company will be organized as a Delaware corporation, in which substantially all of the assets and the business of the combined company will be held by DIH. The combined company’s business will continue to operate through DIH and its subsidiaries. In connection with the Closing, ATAK will change its name to “DIH Holding US, Inc.” (such company after the Closing, “New DIH”).

Liquidity and Going Concern

As of June 30, 2023 and December 31, 2022, the Company had $6,193 and $191,103 in operating cash, respectively, and working capital (deficit) of $(3,025,689) and $38,542, respectively.

The Company’s liquidity needs up to June 30, 2023 had been satisfied through a payment from the Sponsor of $25,000 for Class B ordinary shares, par value $0.0001 per share (see Note 5), and proceeds from the Initial Public Offering and the issuance of the Private Placement Warrants. Additionally, the Company drew on unsecured promissory notes to pay certain offering costs and extension payments.

The Company has incurred and expects to continue to incur significant costs in pursuit of its financing and acquisition plans. The Company may need to raise additional capital through loans or additional investments from its Sponsor, shareholders, officers, directors, or third parties. The Company’s officers, directors and Sponsor may, but are not obligated to, loan the Company funds, from time to time or at any time, in whatever amount they deem reasonable in their sole discretion, to meet the Company’s working capital needs. Accordingly, the Company may not be able to obtain additional financing. If the Company is unable to raise additional capital, it may be required to take additional measures to conserve liquidity, which could include, but not necessarily be limited to, curtailing operations, suspending the pursuit of a potential transaction, and reducing overhead expenses. The Company cannot provide any assurance that new financing will be available to it on commercially acceptable terms, if at all. These conditions raise substantial doubt about the Company’s ability to continue as a going concern.

Risks and Uncertainties

Results of operations and the Company’s ability to complete an Initial Business Combination may be adversely affected by various factors that could cause economic uncertainty and volatility in the financial markets, many of which are beyond its control. The business could be impacted by, among other things, downturns in the financial markets or in economic conditions, inflation, increases in interest rates, adverse developments affecting the financial services industry, and geopolitical instability, such as the military conflict in the Ukraine. The Company cannot at this time fully predict the likelihood of one or more of the above events, their duration or magnitude or the extent to which they may negatively impact our business and our ability to complete an Initial Business Combination. The unaudited condensed financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Inflation Reduction Act

On August 16, 2022, the Inflation Reduction Act of 2022 (the “IR Act”) was signed into federal law. The IR Act provides for, among other things, a new U.S. federal 1% excise tax on certain repurchases (including redemptions) of stock by publicly traded domestic (i.e., U.S.) corporations and certain domestic subsidiaries of publicly traded foreign corporations. The excise tax is imposed on the repurchasing corporation itself, not its shareholders from which shares are repurchased. The amount of the excise tax is generally 1% of the fair market value of the shares repurchased at the time of the repurchase. However, for purposes of calculating the excise tax, repurchasing corporations are permitted to net the fair market value of certain new stock issuances against the fair market value of stock repurchases during the same taxable year. In addition, certain exceptions apply to the excise tax. The U.S. Department of the Treasury (the “Treasury”) has been given authority to provide regulations and other guidance to carry out and prevent the abuse or avoidance of the excise tax. The IR Act applies only to repurchases that occur after December 31, 2022.

Any redemption or other repurchase that occurs after December 31, 2022, in connection with a Business Combination may be subject to the excise tax. Whether and to what extent the Company would be subject to the excise tax in connection with a Business Combination would depend on a number of factors, including (i) the fair market value of the redemptions and repurchases in connection with the Business Combination, extension or otherwise, (ii) the structure of a Business Combination, (iii) the nature and amount of any “PIPE” or other equity issuances in connection with a Business Combination (or otherwise issued not in connection with a Business Combination but issued within the same taxable year of a Business Combination) and (iv) the content of regulations and other guidance from the Treasury. In addition, because the excise tax would be payable by the Company and not by the redeeming holder, the mechanics of any required payment of the excise tax have not been determined. The foregoing could cause a reduction in the cash available on hand to complete a Business Combination and in the Company’s ability to complete a Business Combination.

The Company will continue to monitor for updates to the Company’s business along with guidance issued with respect to the IR Act to determine whether any adjustments are needed to the Company’s tax provision in future periods.

NOTE 1. ORGANIZATION AND PLANS OF BUSINESS OPERATIONS

Organization and General

Sponsor and Initial Financing

As of December 31, 2022, the Company had not commenced any operations. All activity through December 31, 2022 relates to the Company’s formation, the initial public offering (the “Initial Public Offering” or “IPO”), which is described below, and identifying a target for a Business Combination. The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company generates non-operating income in the form of interest income from the proceeds derived from the Initial Public Offering.

The registration statement for the Initial Public Offering was declared effective on February 7, 2022. On February 9, 2022, the Company consummated the Initial Public Offering of 20,200,000 units (the “Units” and, with respect to the Class A ordinary shares included in the Units sold, the “Public Shares”), which includes the partial exercise by the underwriter of its over-allotment option in the amount of 200,000 Units, at $10.00 per Unit, generating gross proceeds of $202,000,000, which is described in Note 3.

Transaction costs related to the consummation of the IPO on February 9, 2022, amounted to $29,192,787, consisting of $2,525,000 of underwriting fees, $7,070,000 of deferred underwriting fees, over-allotment option liability of $258,440, $3,030,000 for issuance of representative shares,$15,596,420 fair value of rights underlying the Units, and $712,927 of actual offering costs. In addition, on February 9, 2022, cash of $1,468,333 was held outside of the Trust Account (as defined below) and was available for the payment of offering costs and for working capital purposes.

The Trust Account

Following the closing of the Initial Public Offering on February 9, 2022 (“IPO Closing Date”), an amount of $204,020,000 ($10.10 per Unit) from the net proceeds of the sale of the Units in the Initial Public Offering and the sale of the Private Placement Warrants was placed in a trust account (the “Trust Account”). The funds in the Trust Account is invested only in U.S. government treasury bills with a maturity of 185 days or less or in money market funds investing solely in U.S. Treasuries and meeting certain conditions under Rule 2a-7 under the Investment Company Act of 1940, as amended. The Company will not be permitted to withdraw any of the principal or interest held in the Trust Account except for the withdrawal of interest to pay taxes, if any. The funds held in the Trust Account will not otherwise be released from the trust account until the earliest of: (i) the Company’s completion of a Business Combination; (ii) the redemption of any Public Shares properly submitted in connection with a shareholder vote to amend the Company’s Amended and Restated Memorandum of Association, and (iii) the redemption of the Company’s Public Shares if the Company is unable to complete the initial Business Combination within 12 months (or up to 18 months, if applicable) from the IPO Closing Date (the “Combination Period”).

Business Combination

The Company has until of February 9, 2023 (or until August 9, 2023 if the company exercises its right to extend the Combination Period six (6) times for an additional one (1) month each time (see Note 10)), to complete its initial Business Combination; provided the Company may, by resolution of the board of directors if requested by the Sponsor, extend the period of time to consummate the initial Business Combination up to two times, each by an additional three months (for a total of up to 18 months to complete the Business Combination), subject to the Sponsor depositing additional funds into the Trust Account (each three month period individually, an “Extension Period”) pursuant to the Company’s Amended and Restated Memorandum of Association. If the Company does not complete a Business Combination by such date (or such longer period as described above), the Company shall (i) cease all operations except for the purposes of winding up; (ii) as promptly as reasonably possible but not more than 10 business days thereafter, redeem the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest (less up to $50,000 of interest to pay dissolution expenses and which interest shall be net of taxes payable), divided by the number of then issued and outstanding Public Shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidating distributions, if any); and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining shareholders and its board of directors, liquidate and dissolve, subject in each case to the Company’s obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law. There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless if the Company fails to complete its initial Business Combination by February 9, 2023, or within any applicable Extension Period. The Company’s “initial shareholders” (as defined below), have entered into a letter agreement with the Company, pursuant to which the initial shareholders have waived their rights to liquidating distributions from the Trust Account with respect to their Founder Shares (as defined in Note 5) if the Company fails to complete its initial Business Combination by February 9, 2023, or within any applicable Extension Period. However, if any initial shareholders acquire Public Shares, such initial shareholders will be entitled to liquidating distributions from the Trust Account with respect to such Public Shares if the Company fails to complete its initial Business Combination by February 9, 2023, or within any applicable Extension Period. As used herein, the term “initial shareholders” refers to the holders of Founder Shares prior to the IPO.

Liquidity and Going Concern

As of December 31, 2022, the Company had $191,103 in operating cash and working capital of $38,542.

The Company’s liquidity needs up to December 31, 2022 had been satisfied through a payment from the Sponsor of $25,000 for Class B ordinary shares, par value $0.0001 per share (see Note 5), and proceeds from the Initial Public Offering and the issuance of the Private Placement Warrants. Additionally, the Company drew on an unsecured promissory note to pay certain offering costs.

The Company has incurred and expects to continue to incur significant costs in pursuit of its financing and acquisition plans. The Company may need to raise additional capital through loans or additional investments from its Sponsor, shareholders, officers, directors, or third parties. The Company’s officers, directors and Sponsor may, but are not obligated to, loan the Company funds, from time to time or at any time, in whatever amount they deem reasonable in their sole discretion, to meet the Company’s working capital needs. Accordingly, the Company may not be able to obtain additional financing. If the Company is unable to raise additional capital, it may be required to take additional measures to conserve liquidity, which could include, but not necessarily be limited to, curtailing operations, suspending the pursuit of a potential transaction, and reducing overhead expenses. The Company cannot provide any assurance that new financing will be available to it on commercially acceptable terms, if at all. The Company has until February 9, 2023 (or until August 9, 2023 if the company exercises its right to extend the Combination Period six (6) times for an additional one (1) month each time (see Note 10)) to complete its initial Business Combination or else it will be subject to mandatory liquidation. conditions raise substantial doubt about the Company’s ability to continue as a going concern.

Risks and Uncertainties

Management continues to evaluate the impact of the COVID-19 pandemic on market conditions, along with the ongoing conflict between Russia and Ukraine, and resulting market volatility and has concluded that while it is reasonably possible that these events could have a negative effect on the Company’s financial position, results of its operations and/or search for a target company, the specific impact is not readily determinable as of the date of these financial statements. The financial statements do not include any adjustments that might result from the outcome of these uncertainties.

The ongoing conflict in Ukraine—along with the responses of the governments of the United States, European Union (“EU”) member states, the United Kingdom, and other nations—have the potential to materially adversely affect a potential target business’s operations or assets in—or (direct or indirect) dealings with parties organized or located within—Ukraine, Russia, and Belarus. Due to recent geopolitical developments, the United States, European Union, United Kingdom, and other nations have announced or threatened new sanctions and export restrictions targeting Russian and Belarusian individuals and entities, as well as disputed territories within Ukraine. Russia and its allies may respond with countermeasures, which could further restrict the target business’s operations in or related to the foregoing countries. It is unclear how long existing restrictions (and countermeasures) will remain in place or whether new restrictions (or countermeasures) may be imposed. Existing restrictions have negatively impacted the Russian economy, and there can be no guarantee that existing (or new) restrictions or countermeasures will not materially adversely affect the Russian (or global) economy. Any of the foregoing could have a material adverse impact on a potential target business’s financial condition, results of operations, or prospects.

ORGANIZATION AND PLANS OF BUSINESS OPERATIONS

1. Business and Organization

Description of Business

DIH Holding US, Inc. and its subsidiaries (the “Company” or “DIH”), is a global solution provider in blending innovative robotic and virtual reality (“VR”) technologies with clinical integration and insights. Built through the mergers of global-leading niche technologies providers including HOCOMA, a Switzerland-based global leader in robotics for rehabilitation, and MOTEK, a Netherlands-based global leader in sophisticated VR-enabled movement platform powered by real-time integration. DIH is positioning itself as a transformative total smart solutions provider and consolidator in a largely fragmented and manual-labor-driven industry. The Company’s fiscal year ends on March 31.

Merger / Business Combination with Aurora Tech Acquisition Corp.

On February 26, 2023, the Company and Aurora Tech Acquisition Corp. (“ATAK”), a special purpose acquisition company (“SPAC”), entered into a definitive business combination agreement (“Business Combination Agreement”) under which ATAK will combine with the Company to which is expected to be listed on Nasdaq.

Prior to the closing, ATAK will re-domesticate from the Cayman Islands to become a Delaware corporation. At the closing, ATAK will acquire all of the outstanding equity interests of DIH, and stockholders of DIH will receive $250 million in aggregate consideration (the “Aggregate Base Consideration”) in the form of newly-issued shares of New DIH Class A Common Stock, calculated based on a price of $10.00 per share.

In addition to the Aggregate Base Consideration, DIH stockholders may be entitled to receive up to 6,000,000 additional shares of New DIH Class A Common Stock (the “Earnout Shares”), as additional consideration upon satisfaction of the following milestones, during the period beginning on the Closing Date and expiring on the fifth anniversary of the closing date (the “Earnout Period”):

	●	1,000,000 Earnout Shares if the volume-weighted average price (“VWAP”) of New DIH Class A Common Stock is equal to or exceeds $12.00 for any 20 trading days during the Earnout Period;
	●	1,333,333 Earnout Shares if the VWAP of New DIH Class A Common Stock is equal to or exceeds $13.50 for any 20 trading days during the Earnout Period;
	●	1,666,667 Earnout Shares if the VWAP of New DIH Class A Common Stock is equal to or exceeds $15.00 for any 20 trading days during the Earnout Period; and
	●	2,000,000 Earnout Shares if the VWAP of New DIH Class A Common Stock is equal to or exceeds $16.50 for any 20 trading days during the Earnout Period.

The transaction, which has been approved by the boards of directors of both the Company and ATAK, is expected to close in the third calendar quarter of 2023 and is subject to approval of ATAK shareholders as well as other customary closing conditions and regulatory approvals.

Liquidity and Capital Resources

As of June 30, 2023, the Company had $1,506 in cash and cash equivalents. The Company’s sources of liquidity have been predominantly from fees received from product sales, services provided, proceeds from lines of credit and long term debt. The Company’s sources of liquidity have enabled the Company to expand the physical footprint, capacity and grow its personnel to expand capabilities and enter new markets.

The Company’s net losses began in 2020 and continued through the three months ended June 30, 2023. The Company’s historical operating losses resulted in an accumulated deficit of $(32,758) as of June 30, 2023. Operating losses were mainly driven by decreased sales during the COVID-19 pandemic due to social distancing measures that affected demand for rehabilitation services, increased expenditures in connection with its implementation of a new financial system (Oracle) and increased compliance costs associated with the European Union Medical Device Regulation (EU MDR). Additionally, DIH had elevated costs related to efforts of adopting to public company standards. During the three months ended June 30, 2023, the Company had negative cash flows from operating activities and operating results. The Company expects to become cash flow positive going forward. Such transition to profitable operations will also be driven by our streamlined organization and cost structure enabled by digitization investments such as the Oracle system implementation as well as expected future revenue growth.

The Company’s gross revenue has increased by 67.4%, from $7,870 to $13,174, for the three months ended June 30, 2022 and 2023, respectively. The Company plans to continue to fund its growth through cash flows from operations and future debt and equity financing. In addition, the Company may receive additional financing specifically through the potential business combination with ATAK as discussed above. The Company believes that its current cash and cash equivalents, together with cash provided by operating activities will provide adequate liquidity through one year from the date that these combined financial statements are issued. The Company is in the process of obtaining debt and equity financing.

The Company’s future liquidity needs may vary materially from those currently planned and will depend on many factors, including the more aggressive and expansive growth plan in the case of becoming a public company, or for any unforeseen reductions in demand.

1. Business and Organization

Description of Business

Merger / Business Combination with Aurora Tech Acquisition Corp.

●

1,000,000 Earnout Shares if the volume-weighted average price (“VWAP”) of New DIH Class A Common Stock is equal to or exceeds $12.00 for any 20 trading days during the Earnout Period;

●

1,333,333 Earnout Shares if the VWAP of New DIH Class A Common Stock is equal to or exceeds $13.50 for any 20 trading days during the Earnout Period;

●

1,666,667 Earnout Shares if the VWAP of New DIH Class A Common Stock is equal to or exceeds $15.00 for any 20 trading days during the Earnout Period; and

●

2,000,000 Earnout Shares if the VWAP of New DIH Class A Common Stock is equal to or exceeds $16.50 for any 20 trading days during the Earnout Period.

Liquidity and Capital Resources

As of March 31, 2023, the Company had $5,560 in cash and cash equivalents. The Company’s sources of liquidity have been predominantly from fees received from product sales, services provided, proceeds from lines of credit and long term debt. The Company’s sources of liquidity have enabled the Company to expand the physical footprint, capacity and grow its personnel to expand capabilities and enter new markets.

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

The Company’s net losses began in 2020 and continued through the year ended March 31, 2023. The Company’s historical operating losses resulted in an accumulated deficit of $(29,054) as of March 31, 2023. Operating losses were mainly driven by decreased sales during the COVID-19 pandemic due to social distancing measures that affected demand for rehabilitation services, increased expenditures in connection with its implementation of a new financial system (Oracle) and increased compliance costs associated with the European Union Medical Device Regulation (EU MDR). Additionally, DIH had elevated costs related to efforts of adopting to public company standards. During the year ended March 31, 2023, the Company had positive cash flows from operating activities and slightly below break-even operating results. The Company expects to stay cash flow positive going forward. Such transition to profitable operations is driven by our streamlined organization and cost structure enabled by digitization investments such as the Oracle system implementation as well as expected future revenue growth.

The Company’s gross revenue has increased by 12.2%, from $49,038 to $54,998, for the years ended March 31, 2022 and 2023, respectively. The Company did not comply with certain loan covenant as of March 31, 2023. These covenants were developed based on pre-pandemic growth trajectories, and as such, the Company has since received a waiver for the Company’s failure to comply with the loan covenant, which are discussed further at Note 11. The Company plans to continue to fund its growth through cash flows from operations and future debt and equity financing. In addition, the Company may receive additional financing specifically through the potential business combination with ATAK as discussed above. The Company believes that its current cash and cash equivalents, together with cash provided by operating activities will provide adequate liquidity through one year from the date that these combined financial statements are issued. The Company is in the process of obtaining debt and equity financing.

The Company’s future liquidity needs may vary materially from those currently planned and will depend on many factors, including the more aggressive and expansive growth plan in the case of becoming public company, or for any unforeseen reductions in demand.

Restatement of Prior Year Financial Statements

During the preparation of the Company’s combined financial statements for the year ended March 31, 2023, the Company discovered that certain intercompany transactions were not properly recorded during the year ended March 31, 2022. As a result, the Company had understated the cost of sales, with related overstatement of inventories, understatement of accrued expenses and other current liabilities, understatement of selling, general and administrative expenses in the previously issued audited financial statements for the year ended March 31, 2022. The Company concluded that the previously issued audited financial statements for the year ended March 31, 2022 should no longer be relied upon.

A reconciliation from the previously issued financial statements to the restated amounts as of March 31, 2022 and for the year ended March 31, 2022 is included in the tables below. The Company’s previously issued financial statements are labeled as “As Previously Reported”. The amounts labeled “Adjustment” represent the effects of the restatement adjustments to correct the error discussed above and other immaterial errors. The adjustments related to the error in intercompany transactions discussed above are referred as adjustment 1 in the table. Also included in the amounts labeled “Adjustment” are the correction of certain other previously identified immaterial adjustments which are referred as adjustment 2 in the table. These immaterial adjustments are primarily related to omission of revenue from services of $59, pension transition obligation of $632 inappropriately recognized in accumulated other comprehensive income in years prior to the periods presented in these combined financial statements, a reclass error related to advance payments from customers in the combined balance sheet, and a reclass error within net cash used in operating activities in the combined statement of cash flows related to pension income. The tax effects of the restatement adjustments were de minimis. Amounts depicted with the title “As Restated” throughout this footnote include the impact of the restatement adjustment and other immaterial adjustments.

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

Combined Statement of Operations
(in thousands)

For the year ended March 31, 2022


	As Previously Reported			Adjustments				As Restated
Revenue	$	48,979		$	59		2	$	49,038
Cost of sales	$	22,750		$	1,514		1	$	24,264
Gross Profit	$	26,229		$	(1,455	)	1,2	$	24,774
Selling and administrative expense	$	27,633		$	(357	)	1	$	27,276
Total operating expenses	$	35,589		$	(357	)	1	$	35,232
Operating Loss	$	(9,360	)	$	(1,098	)	1,2	$	(10,458	)
Loss before income taxes	$	(10,259	)	$	(1,098	)	1,2	$	(11,357	)
Net loss	$	(10,955	)	$	(1,098	)	1,2	$	(12,053	)

Combined Balance Sheet
(in thousands)

As of March 31, 2022


	As Previously Reported			Adjustments				As Restated
Accounts receivables, net	$	6,385		$	59		2	$	6,444
Inventories, net	$	5,559		$	(767	)	1	$	4,792
Total current assets	$	26,142		$	(708	)	1,2	$	25,434
Total assets	$	34,729		$	(708	)	1,2	$	34,021
Accounts payable	$	4,988		$	(1,408	)	2	$	3,580
Advance payments from customers	$	-		$	4,211		2	$	4,211
Accrued expenses and other current liabilities	$	10,749		$	(2,696	)	1,2	$	8,053
Total current liabilities	$	48,735		$	107		1	$	48,842
Total liabilities	$	60,336		$	107		1	$	60,443
Net parent company investment	$	(30,031	)	$	(472	)	1,2	$	(30,503	)
Accumulated other comprehensive income	$	4,424		$	(343	)	1,2	$	4,081
Total (deficit)	$	(25,607	)	$	(815	)	1,2	$	(26,422	)
Total liabilities and (deficit)	$	34,729		$	(708	)	1,2	$	34,021

Combined Statement of Comprehensive Loss
(in thousands)

For the year ended March 31, 2022


	As Previously Reported			Adjustments				As Restated
Net Loss	$	(10,955	)	$	(1,098	)	1,2	$	(12,053	)
Foreign currency translation adjustments, net of tax	$	407		$	283		1	$	690
Other comprehensive income	$	1,712		$	283		1	$	1,995
Comprehensive loss	$	(9,243	)	$	(815	)	1	$	(10,058	)

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

Combined Statement of Changes in Equity (Deficit)
(in thousands)

For the year ended March 31, 2022


	Net Parent Company Investment									Accumulated Other Comprehensive Income
	As Previously Reported			Adjustments			As Restated			As Previously Reported		Adjustments			As Restated
Balance, March 31, 2020	$	(8,046	)	$	626		$	(7,420	)	$	330	$	(626	)	$	(296	)
Net Loss		-			-			-			-		-			-
Balance, March 31, 2021	$	(18,897	)	$	626		$	(18,271	)	$	2,712	$	(626	)	$	2,086
Net Loss	$	(10,955	)	$	(1,098	)	$	(12,053	)	$	-	$	-		$	-
Net income (loss)	$	(10,955	)	$	(1,098	)	$	(12,053	)	$	-	$	-		$	-
Other comprehensive income, net of tax	$	-		$	-		$	-		$	1,712	$	283		$	1,995
Balance, March 31, 2022	$	(30,031	)	$	(472	)	$	(30,503	)	$	4,424	$	(343	)	$	4,081

Combined Statement of Cash Flow
(in thousands)

For the year ended March 31, 2022


	As Previously Reported			Adjustments				As Restated
Net loss	$	(10,955	)	$	(1,098	)	1,2	$	(12,053	)
Pension income	$	1,013		$	(1,295	)	2	$	(282	)
Accounts receivables, net	$	3,521		$	(59	)	2	$	3,462
Inventories	$	2,421		$	768		1	$	3,189
Accounts payable	$	(339	)	$	(770	)	2	$	(1,109	)
Other Liabilities	$	(677	)	$	1,576		1,2	$	899
Advance payments from customers	$	-		$	3,063		2	$	3,063
Accrued expense and other current liabilities	$	838		$	(2,185	)	1,2	$	(1,347	)
Net cash used in operating activities	$	(744	)	$	-			$	(744	)

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

CAPITALIZED SOFTWARE, NET AND OTHER INTANGIBLE ASSETS, NET (Tables) - DIH Holding US, Inc. [Member]

3 Months Ended

12 Months Ended

Jun. 30, 2023

Mar. 31, 2023

SCHEDULE OF CAPITALIZED SOFTWARE AND OTHER INTANGIBLE ASSETS

Capitalized software, net and other intangible assets, net as of June 30, 2023 and March 31, 2023 consisted of the following:

	As of June 30, 2023							As of March 31, 2023
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount

Capitalized software	$	2,393	$	(136	)	$	2,257	$	2,326	$	(123	)	$	2,203

Other intangible assets	$	380	$	-		$	380	$	380	$	-		$	380

Capitalized software, net and other intangible assets, net as of March 31, 2023 and 2022 consisted of the following:

	As of March 31,
	2023							2022
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount

Capitalized software	$	2,326	$	(123	)	$	2,203	$	2,259	$	(83	)	$	2,176

Other intangible assets	$	380	$	-		$	380	$	-	$	-		$	-

SCHEDULE OF ESTIMATED ANNUAL AMORTIZATION FOR INTANGIBLE ASSETS

Estimated annual amortization for intangible assets over the next five years are as follows:

		Remainder of 2024				2025				2026				2027				2028
Estimated annual amortization		$	63			$	292			$	464			$	454			$	454

Estimated annual amortization for intangible assets over the next five years are as follows:

		2024				2025				2026				2027				2028
Estimated annual amortization		$	84			$	488			$	451			$	442			$	442

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

SCHEDULE OF WEIGHTED AVERAGE ASSET ALLOCATION (Details) - DIH Holding US, Inc. [Member]	Mar. 31, 2023	Mar. 31, 2022
Equity Securities [Member]
Restructuring Cost and Reserve [Line Items]
Other, primarily cash and cash equivalents, and hedge funds	33.99%	35.00%
Other, primarily cash and cash equivalents, and hedge funds	34.00%	34.00%
Debt Securities [Member]
Restructuring Cost and Reserve [Line Items]
Other, primarily cash and cash equivalents, and hedge funds	26.43%	29.78%
Other, primarily cash and cash equivalents, and hedge funds	28.00%	33.00%
Cash and Cash Equivalents and Hedge Funds [Member]
Restructuring Cost and Reserve [Line Items]
Other, primarily cash and cash equivalents, and hedge funds	39.58%	35.22%
Other, primarily cash and cash equivalents, and hedge funds	38.00%	33.00%

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Condensed Statements of Cash Flows - USD ($)	3 Months Ended		5 Months Ended	6 Months Ended		12 Months Ended
Condensed Statements of Cash Flows - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Cash flows from operating activities:
Net income (loss)	$ 150,844	$ 1,198,920	$ (9,963)	$ (210,527)	$ 4,296,557		$ 6,604,155	$ (12,053,000)
Adjustments to reconcile net loss to net cash provided by operating activities:
Dividend income on marketable securities held in Trust Account				(1,966,104)	(253,141)		(2,859,903)
Allocation of deferred offering costs for warrant liability					516,746		516,746
Change in fair value of warrant liability	(291,180)	(1,139,452)		(212,600)	(4,776,047)		(5,191,127)
Gain on extinguishment of over-allotment liability					(258,440)		(258,440)
Payment of advertising and marketing costs by Sponsor			17
Changes in operating assets and liabilities:
Prepaid expenses				200,000	(566,336)		(284,597)
Accounts payable and accrued expenses			9,947	1,829,321	130,252		377,211
Net cash provided by (used) in operating activities			1	(359,910)	(910,409)		(1,095,955)
Cash flows from investing activities:
Investment of cash in Trust Account					(204,020,000)
Purchase of marketable securities held in Trust Account				(675,000)
Redemption of marketable securities held in Trust Account				149,322,133
Dividends received from interest earned on marketable securities held in Trust Account							(204,020,000)
Net cash used in investing activities				148,647,133	(204,020,000)		(204,020,000)
Cash flows from financing activities:
Proceeds from issuance of Class A ordinary shares to Sponsor					202,000,000		202,000,000
Proceeds from sale of Private Warrants					6,470,000		6,470,000
Proceeds from Promissory Note			150,000
Payment of Promissory Note							(242,801)
Payment of underwriting fee					(2,525,000)		(2,525,000)
Proceeds from promissory note – related party				850,000
Payment of promissory note – related party					(242,801)
Payment of offering costs			(84,628)		(446,002)		(460,514)
Payment of redemption on Class A ordinary shares				(149,322,133)
Net cash (used in) provided by financing activities			65,372	(148,472,133)	205,256,197		205,241,685
Net increase in cash, and cash equivalents, and restricted cash			65,373	(184,910)	325,788		125,730
Cash, and cash equivalents, and restricted cash - beginning of year				191,103	65,373		65,373
Total cash, and cash equivalents, and restricted cash - end of year	6,193	391,161	65,373	6,193	391,161		191,103
Cash and cash equivalents - end of year	6,193		65,373	6,193			191,103
Supplemental disclosure of non-cash investing and financing activity:
Initial measurement of Class A ordinary shares subject to possible redemption					174,013,413		174,013,413
Initial measurement of public warrants and private placement warrants					5,780,547		5,780,547
Deferred underwriting fee payable					7,070,000		7,070,000
Remeasurement of Class A ordinary shares subject to possible redemption				2,641,104	30,259,728		32,866,490
Forfeiture of Founder Shares							(70)
Forfeiture of Representative Shares					(70)
Issuance of Representative Shares					30		30
Deferred offering costs included in accrued offering costs			104,990		64,512		50,000
Non-cash borrowings against the promissory note			92,801
Deferred offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares			$ 25,000
DIH Holding US, Inc. [Member]
Cash flows from operating activities:
Net income (loss)	(3,362,000)	(3,958,000)				$ (2,361,000)		(12,053,000)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	112,000	165,000				203,000		1,385,000
Allowance for doubtful accounts	(585,000)	(185,000)				680,000		(549,000)
Allowance for inventory obsolescence	663,000	(8,000)				(1,641,000)		2,315,000
(Gain)/loss on disposal of fixed assets		(3,000)				(3,000)		311,000
Pension contributions	(158,000)	(149,000)				(592,000)		(526,000)
Pension income	66,000	(105,000)				(417,000)		(282,000)
Foreign exchange (gain)/loss	703,000	(501,000)				(667,000)		292,000
Noncash lease expense	494,000	471,000				1,785,000		1,882,000
Noncash interest expense	2,000	45,000						145,000
Deferred income tax	3,000	(52,000)				70,000		55,000
Changes in operating assets and liabilities:
Accounts receivable	935,000	2,901,000				(483,000)		3,462,000
Inventories	(2,142,000)	(457,000)				244,000		3,189,000
Due from related parties		(84,000)				103,000		(2,282,000)
Due to related parties		(27,000)				1,808,000		(245,000)
Other assets	547,000	(172,000)				(2,325,000)		1,402,000
Operating lease liabilities	1,768,000	(308,000)				(1,670,000)		(1,860,000)
Accounts payable	87,000	54,000				345,000		(1,109,000)
Employee compensation	(232,000)	1,389,000				(183,000)		1,571,000
Other liabilities	(2,062,000)	426,000				417,000		899,000
Deferred revenue	228,000	(455,000)				4,074,000		(462,000)
Advance payments from customers	2,256,000	(9,000)				2,666,000		3,063,000
Accrued expense and other current liabilities	(1,725,000)	1,217,000				4,130,000		(1,347,000)
Net cash provided by (used) in operating activities	(2,402,000)	195,000				6,183,000		(744,000)
Cash flows from investing activities:
Purchases of property and equipment	(26,000)	(19,000)				(83,000)		(742,000)
Capitalized software development costs						(80,000)		(227,000)
Net cash used in investing activities	(26,000)	(19,000)				(163,000)		(969,000)
Cash flows from financing activities:
Proceeds on credit facilities								2,728,000
Payments on credit facilities	(1,322,000)	(842,000)				(2,723,000)		(683,000)
Payments on long term debt	(308,000)	(235,000)				(936,000)
Net cash (used in) provided by financing activities	(1,630,000)	(1,077,000)				(3,659,000)		2,045,000
Effect of currency translation on cash and cash equivalents	84,000	(230,000)				(73,000)		(110,000)
Net increase in cash, and cash equivalents, and restricted cash	(3,974,000)	(1,131,000)				2,288,000		222,000
Cash, and cash equivalents, and restricted cash - beginning of year	5,975,000	3,687,000				3,687,000		3,465,000
Total cash, and cash equivalents, and restricted cash - end of year	2,001,000	2,556,000		2,001,000	2,556,000	5,975,000		3,687,000
Cash and cash equivalents - end of year	1,506,000	2,163,000		1,506,000	2,163,000	5,560,000		3,308,000
Restricted cash - end of year	495,000	393,000		$ 495,000	$ 393,000	415,000		379,000
Supplemental disclosure of cash flow information:
Interest paid	230,000	167,000				779,000		372,000
Income tax paid						$ 234,000		$ 31,000
Supplemental disclosure of non-cash investing and financing activity:
Settlement of related party receivables and payables	$ 7,185,000

SCHEDULE OF REVENUE ATTRIBUTED TO GEOGRAPHIC REGIONS BASED ON CUSTOMER LOCATION (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023	Mar. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue				$ 49,038
DIH Holding US, Inc. [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 13,174	$ 7,870	$ 54,998	49,038
DIH Holding US, Inc. [Member] \| EMEA [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	6,757	4,137	32,635	27,150
DIH Holding US, Inc. [Member] \| Americas [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	2,989	1,798	14,283	11,516
DIH Holding US, Inc. [Member] \| Asia Pacific [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 3,428	$ 1,935	$ 8,080	$ 10,372

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

SHAREHOLDERS’ EQUITY (Details Narrative) - $ / shares	Jun. 30, 2023	Feb. 01, 2023	Dec. 31, 2022	Dec. 31, 2021	Aug. 07, 2021
Class of Stock [Line Items]
Preferred stock, shares authorized	5,000,000		5,000,000	5,000,000
Preferred stock, par or stated value per share	$ 0.0001		$ 0.0001	$ 0.0001
Preferred stock, shares issued	0		0	0
Preferred stock, shares outstanding	0		0	0
Common Class A [Member]
Class of Stock [Line Items]
Common stock shares authorized	500,000,000		500,000,000	500,000,000
Common stock par value per share	$ 0.0001		$ 0.0001	$ 0.0001
Common stock shares issued	303,000		303,000	0
Common stock shares outstanding	303,000		303,000	0
Temporary equity shares issued	5,670,123		20,200,000	0
Temporary equity shares outstanding	5,670,123	5,670,123	20,200,000	0
Common Class A [Member] \| Founder Shares [Member]
Class of Stock [Line Items]
Common stock, threshold percentage on conversion of shares	20.00%		20.00%
Common Class B [Member]
Class of Stock [Line Items]
Common stock shares authorized	50,000,000		50,000,000	50,000,000
Common stock par value per share	$ 0.0001		$ 0.0001	$ 0.0001
Common stock shares issued	5,050,000		5,050,000	5,750,000
Common stock shares outstanding	5,050,000		5,050,000	5,750,000
Common Class B [Member] \| Founder Shares [Member]
Class of Stock [Line Items]
Temporary equity shares issued					5,050,000

INITIAL PUBLIC OFFERING

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Initial Public Offering

INITIAL PUBLIC OFFERING

NOTE 3. INITIAL PUBLIC OFFERING

On February 9, 2022, pursuant to the Initial Public Offering, the Company sold 20,200,000 Units, which includes the partial exercise by the underwriter of its over-allotment option in the amount of 200,000 Units, at a price of $10.00 per Unit. Each Unit consists of one Class A ordinary share, one redeemable warrant (each whole warrant, a “Public Warrant”), and one right to receive one-tenth of one Class A ordinary share upon the consummation of the Company’s initial Business Combination. Each two Public Warrants entitle the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to adjustment (see Note 8).

An aggregate of $10.10 per Unit sold in the IPO was held in the Trust Account and invested in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 185 days or less or in any open-ended investment company that holds itself out as a money market fund meeting the conditions of Rule 2a-7 of the Investment Company Act, as determined by the Company.

NOTE 3. INITIAL PUBLIC OFFERING

RELATED PARTY TRANSACTIONS	3 Months Ended	6 Months Ended	12 Months Ended
RELATED PARTY TRANSACTIONS	Jun. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
RELATED PARTY TRANSACTIONS		NOTE 5. RELATED PARTY TRANSACTIONS Founder shares On August 7, 2021, the Sponsor was issued 5,750,000 of the Company’s Class B ordinary shares (the “Founder Shares”) for an aggregate purchase price of $25,000. Due to the underwriters’ partial exercise of the over-allotment option, the Sponsor forfeited 700,000 Founder Shares back to the Company. As a result, the Sponsor currently has 5,050,000 Founder Shares. The Sponsor has agreed, subject to certain limited exceptions, not to transfer, assign or sell any of the Founder Shares until the earlier of (A) one year after the completion of a Business Combination or (B) subsequent to a Business Combination, (x) if the last reported sale price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after a Business Combination, or (y) the date on which the Company completes a liquidation, merger, stock exchange, reorganization or other similar transaction that results in all of the Company’s shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property. Promissory notes – related party On August 7, 2021, the Company issued an unsecured promissory note to the Sponsor (the “Promissory Note”), pursuant to which the Company may borrow up to an aggregate principal amount of $300,000. The Promissory Note was non-interest bearing and payable on the earlier of March 31, 2022, or the completion of the IPO. At the time of repayment, there was $242,801 outstanding under the Promissory Note. On February 9, 2022, the Company repaid the Sponsor for amounts outstanding under the Promissory Note. As of June 30, 2023 and December 31, 2022, there were no amounts outstanding under the Promissory Note. On February 8, 2023, the Company issued and drew fully against a promissory note in the amount of $90,000 to fund working capital needs (the “First Working Capital Note”). Additionally, on February 8, 2023, the Company issued a promissory note in the amount of $135,000 to fund the Company’s first extension payment (the “First Extension Note”), which has not been drawn against. On March 3, 2023, the Company issued a promissory note in the amount of $810,000 to pay for up to six additional one-month extension payments (the “Second Extension Note”). On each of March 7, 2023, April 6, 2023, May 5, 2023, and June 2, 2023, the Company drew $135,000, $540,000 in the aggregate, against the Second Extension Note to pay for each additional one-month extension. On April 6, 2023, the Company issued and drew fully against a promissory note in the amount of $100,000 to fund working capital needs (the “Second Working Capital Note”). On May 2, 2023, the Company issued and drew fully against a promissory note in the amount of $100,000 to fund working capital needs (the “Third Working Capital Note”). On June 14, 2023, the Company issued and drew fully against a promissory note in the amount of $20,000 to fund working capital needs (the “Fourth Working Capital Note” and together with the First Working Capital Note, the Second Working Capital Note and the Third Working Capital Note, collectively, the “Working Capital Notes”). The First Extension Note does not bear interest, and matures (subject to the waiver against trust provisions) upon the earlier of (i) two (2) days following the date on which the Company’s initial business combination is consummated or liquidation and (ii) August 31, 2023. The Second Extension Note bears no interest and is repayable in full (subject to amendment or waiver) upon the earlier of (i) the date of the consummation of the Company’s initial business combination, or (ii) the date of the Company’s liquidation. The Working Capital Notes do not bear interest, and mature (subject to the waiver against trust provisions) upon the earlier of (i) two (2) days following the date on which the Company’s initial business combination is consummated and (ii) the date of the liquidation of the Company. As of June 30, 2023, there was $310,000 and $540,000 outstanding ($850,000 in the aggregate) under the Working Capital Notes and Second Extension Note, respectively. Working Capital Loans In order to finance transaction costs in connection with a Business Combination, the Sponsor, certain of the Company’s officers, directors or any of their affiliates may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”). If the Company completes a Business Combination, the Company will repay the Working Capital Loans out of the proceeds of the Trust Account released to the Company. Otherwise, the Working Capital Loans would be repaid only out of funds held outside the Trust Account. In the event that a Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. The Working Capital Loans would either be repaid upon completion of a Business Combination, without interest, or, at the lender’s discretion, up to $1,500,000 of such Working Capital Loans may be convertible into warrants of the post Business Combination entity at a price of $1.00 per warrant. The warrants would be identical to the Private Placement Warrants. As of June 30, 2023 and December 31, 2022, no Working Capital Loans were outstanding. Administrative support agreement Commencing on February 9, 2022, the Company agreed to pay the Sponsor a total of $10,000 per month for office space, secretarial and administrative services provided to the Company. Upon completion of the initial Business Combination or the Company’s liquidation, the Company will cease paying these monthly fees. The Company has incurred and paid $30,000 and $60,000 in administrative support agreement expenses for the three and six months ended June 30, 2023. The Company has incurred and paid $30,000 and $50,000 in administrative support agreement expenses for the three and six months ended June 30, 2022. Affiliate investment in potential target The Company was in discussions with a number of potential target companies. Through introductions by the Company, an affiliate of one of the Company’s directors invested in one potential target’s latest private fundraising round. The result of which benefited the Company through deeper discussions of a potential transaction. However, the Company did not enter into a business combination agreement with the aforementioned potential target.		NOTE 5. RELATED PARTY TRANSACTIONS *Founder shares* On August 7, 2021, the Sponsor was issued 5,750,000 of the Company’s Class B ordinary shares (the “Founder Shares”) for an aggregate purchase price of $25,000. Due to the underwriters partial exercise of the over-allotment option, the Sponsor forfeited 700,000 Founder Shares back to the Company. As a result, the Sponsor currently has 5,050,000 Founder Shares. The Sponsor has agreed, subject to certain limited exceptions, not to transfer, assign or sell any of the Founder Shares until the earlier of (A) one year after the completion of a Business Combination or (B) subsequent to a Business Combination, (x) if the last reported sale price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after a Business Combination, or (y) the date on which the Company completes a liquidation, merger, stock exchange, reorganization or other similar transaction that results in all of the Company’s shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property. *Promissory note-related party* On August 7, 2021, the Company issued an unsecured promissory note to the Sponsor (the “Promissory Note”), pursuant to which the Company may borrow up to an aggregate principal amount of $300,000. The Promissory Note was non-interest bearing and payable on the earlier of March 31, 2022, or the completion of the IPO. At the time of repayment, there was $242,801 outstanding under the Promissory Note. On February 9, 2022, the Company repaid the Sponsor for amounts outstanding under the Promissory Note. As of December 31, 2022, there were no amounts outstanding under the Promissory Note. *Working Capital Loans* In order to finance transaction costs in connection with a Business Combination, the Sponsor, certain of the Company’s officers, directors or any of their affiliates may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”). If the Company completes a Business Combination, the Company would repay the Working Capital Loans out of the proceeds of the Trust Account released to the Company. Otherwise, the Working Capital Loans would be repaid only out of funds held outside the Trust Account. In the event that a Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. The Working Capital Loans would either be repaid upon completion of a Business Combination, without interest, or, at the lender’s discretion, up to $1,500,000 of such Working Capital Loans may be convertible into warrants of the post Business Combination entity at a price of $1.00 per warrant. The warrants would be identical to the Private Placement Warrants. As of December 31, 2022 and 2021, no Working Capital Loans were outstanding. *Administrative support agreement* Commencing on February 9, 2022, the Company agreed to pay the Sponsor a total of $10,000 per month for office space, secretarial and administrative services provided to the Company. Upon completion of the initial Business Combination or the Company’s liquidation, the Company will cease paying these monthly fees. The Company has incurred and paid $110,000 and $0 in administrative support agreement expenses for the year ended December 31, 2022 and for the period from August 6, 2021 (inception) through December 31, 2021, respectively. *Affiliate investment in potential target* The Company was in discussions with a number of potential target companies. Through introductions by the Company, an affiliate of one of the Company’s directors invested in one potential target’s latest private fundraising round. The result of which benefited the Company through deeper discussions of a potential transaction. However, the Company did not enter into a business combination agreement with the aforementioned potential target.
DIH Holding US, Inc. [Member]
Restructuring Cost and Reserve [Line Items]
RELATED PARTY TRANSACTIONS	12. Related Party Transactions RELATED PARTY TRANSACTIONS Parties are considered related to the Company if the parties, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. The Company discloses all related party transactions. *Transactions with Parent* While the Company’s businesses have historically functioned together with the other businesses controlled by DIH Cayman, the Company’s businesses are largely isolated and not dependent on corporate or other support functions. DIH Cayman does not have significant corporate or operational activity and does not have shared services that it provides to its subsidiaries. Consistent with the basis of presentation, net parent company investment is primarily impacted by net funding provided by or distributed to DIH Cayman. For the three months ended June 30, 2023 and 2022, the net transactions with parent were $(24) and $(7), respectively. *DIH Hong Kong* DIH Hong Kong is an investment holding company. DIH Hong Kong holds interests in operating entities of the Company, which include Hocoma AG, Switzerland-based global leader in robotics for rehabilitation, Motek, a Netherlands-based global leader in sophisticated VR-enabled movement platform powered by real-time integration, and DIH China. DIH Hong Kong does not have a management team or direct influence with any operating entities other than acting as shareholder of the entities listed. Subsidiaries within DIH Hong Kong perform two lines of business including, smart pharmacy solutions and rehabilitation solutions. In the case of Motek, DIH China was Motek’s authorized distributor in China before DIH Hong Kong acquired Motek in 2015. This distributor relationship and terms did not change after the acquisition. In the case of Hocoma AG, DIH China assumed the distribution agreements with third parties after DIH Hong Kong acquired Hocoma AG. The terms of the distribution agreements are the same with the third party distributor. For the three months ended June 30, 2023 and 2022, there were no related party transactions recognized in the combined statement of operations. *Payment on Behalf of DIH Cayman* On February 26, 2023, ATAC Sponsor LLC (the “Sponsor”) entered a guaranty and loan agreement with DIH Cayman (the “Guarantor”). Pursuant to this agreement, DIH Cayman agreed to loan to the Sponsor an aggregate principal amount up to $405 in three installments of $135 each on May 1, 2023, June 1, 2023 and July 1, 2023. Repayment of the loan shall be made by the earlier of (a) the consummation of the Business Combination Agreement between the Company and ATAK (b) liquidation of ATAK or (c) the tenth day following the termination of the Business Combination Agreement between the Company and ATAK. No interest will accrue on the unpaid balance. On May 4, 2023, June 2, 2023 and July 5, 2023, the first, second and third installments of $135 each, respectively, was paid by DIH on behalf of DIH Cayman. *Related Party Settlement Agreement* On May 3, 2023, DIH and Cayman and its subsidiaries, including the Company, DIH China and DIH Hong Kong, entered into a cash settlement agreement in which the Company agreed to pay a net settlement amount of approximately $93 related to an outstanding due from related party balance of $7,185 and a due to related party balance of $7,277, both as of December 31, 2022, for ongoing activities between the Company and DIH Hong Kong. There have been no additional transactions between the parties subsequent to the date of this settlement.		12. Related Party Transactions RELATED PARTY TRANSACTIONS Parties are considered related to the Company if the parties, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. The Company discloses all related party transactions. *Transactions with parent* While the Company’s businesses have historically functioned together with the other businesses controlled by DIH Cayman, the Company’s businesses are largely isolated and not dependent on corporate or other support functions. DIH Cayman does not have significant corporate or operational activity and does not have shared services that it provides to its subsidiaries. Consistent with the basis of presentation, net parent company investment is primarily impacted by net funding provided by or distributed to DIH Cayman. For the years ended March 31, 2023 and 2022, the net transactions with parent were $(113) and $(179), respectively. DIH HOLDING US, INC. AND SUBSIDIARIES NOTES TO COMBINED FINANCIAL STATEMENTS (in thousands) *DIH Hong Kong* DIH Hong Kong is an investment holding company. DIH Hong Kong holds interests in operating entities of the Company, which include Hocoma AG, Switzerland-based global leader in robotics for rehabilitation, Motek, a Netherlands-based global leader in sophisticated VR-enabled movement platform powered by real-time integration, and DIH China. DIH Hong Kong does not have a management team or direct influence with any operating entities other than acting as shareholder of the entities listed. Subsidiaries within DIH Hong Kong perform two lines of business including, smart pharmacy solutions and rehabilitation solutions. In the case of Motek, DIH China was Motek’s authorized distributor in China before DIH Hong Kong acquired Motek in 2015. This distributor relationship and terms did not change after the acquisition. In the case of Hocoma AG, DIH China assumed the distribution agreements with third parties after DIH Hong Kong acquired Hocoma AG. The terms of the distribution agreements are the same with the third party distributor. For the year ended March 31, 2023, amounts recognized in the combined statement of operations include $59 in revenue from related party transactions. For the year ended March 31, 2022, amounts recognized in the combined statement of operations include $1,897 in revenue and $514 in cost of sales from related party transactions. *Payment on Behalf of DIH Cayman* On February 26, 2023, ATAC Sponsor LLC (the “Sponsor”) entered a guaranty and loan agreement with DIH Cayman (the “Guarantor”). Pursuant to this agreement, DIH Cayman agreed to loan to the Sponsor an aggregate principal amount up to $405 in three installments of $135 each on May 1, 2023, June 1, 2023 and July 1, 2023. Repayment of the loan shall be made by the earlier of (a) the consummation of the Business Combination Agreement between the Company and ATAK (b) liquidation of ATAK or (c) the tenth day following the termination of the Business Combination Agreement between the Company and ATAK. No interest will accrue on the unpaid balance. On May 4, 2023, June 2 2023 and July 5, 2023, the first, second and third installments of $135 each, respectively, was paid by DIH on behalf of DIH Cayman.

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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-URI https://asc.fasb.org//1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org//1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
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-URI https://asc.fasb.org//1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Paragraph 2
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
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-Subparagraph (SX 210.6-07(2)(g)(3))
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

SCHEDULE OF PRINCIPAL ASSUMPTIONS USED FOR THE PURPOSE OF ACTUARIAL VALUATION (Details) - DIH Holding US, Inc. [Member]	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Restructuring Cost and Reserve [Line Items]
Discount rate	2.10%	1.40%
Expected return on plan assets	3.50%	2.74%
Expected rate of salary increase	1.00%	1.00%

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

SCHEDULE OF PROPERTY AND EQUIPMENT, NET (Details) - DIH Holding US, Inc. [Member] - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023	Mar. 31, 2022
Property, Plant and Equipment [Line Items]
Property and equipment	$ 5,442	$ 5,356	$ 5,555
Less: accumulated depreciation	(4,696)	(4,530)	(4,646)
Property and equipment, net	746	826	909
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	1,057	1,033
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	1,345	1,320	1,311
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	1,474	1,436	1,448
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	881	858	857
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	69	55	55
Manufacturing Facility [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	$ 616	654
Computer Software And Hardware [Member]
Property, Plant and Equipment [Line Items]
Property and equipment		1,033	1,033
Demonstration Units [Member]
Property, Plant and Equipment [Line Items]
Property and equipment		$ 654	$ 851

Condensed Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Preferred stock, par or stated value per share	$ 0.0001		$ 0.0001		$ 0.0001
Preferred stock, shares authorized	5,000,000		5,000,000		5,000,000
Preferred stock, shares issued	0		0		0
Preferred stock, shares outstanding	0		0		0
DIH Holding US, Inc. [Member]
Allowance for accounts receivable	$ 1,186	$ 1,771		$ 1,091
Common Class A [Member]
Temporary equity, par or stated value per share	$ 0.0001		$ 0.0001		$ 0.0001
Temporary equity, shares authorized	500,000,000		500,000,000		500,000,000
Temporary equity, shares issued	5,670,123		20,200,000		0
Temporary equity, shares outstanding	5,670,123		20,200,000		0
Temporary equity, redemption price per share	$ 10.62		$ 10.24		$ 0
Common stock, par or stated value per share	$ 0.0001		$ 0.0001		$ 0.0001
Common stock, shares authorized	500,000,000		500,000,000		500,000,000
Common stock, shares, issued	303,000		303,000		0
Common stock, shares, outstanding	303,000		303,000		0
Common Class B [Member]
Common stock, par or stated value per share	$ 0.0001		$ 0.0001		$ 0.0001
Common stock, shares authorized	50,000,000		50,000,000		50,000,000
Common stock, shares, issued	5,050,000		5,050,000		5,750,000
Common stock, shares, outstanding	5,050,000		5,050,000		5,750,000

LEASES

3 Months Ended

12 Months Ended

Jun. 30, 2023

Mar. 31, 2023

LEASES

16. Leases

LEASES

The Company leases office space (real estate), vehicles and office equipment under operating leases. The Company did not have any finance leases as of June 30, 2023 and March 31, 2023.

Right-of-use lease assets and lease liabilities that are reported in the Company’s condensed combined balance sheet as of June 30, 2023 and March 31, 2023 are as follows:

	As of June 30, 2023		As of March 31, 2023
Operating lease, right-of-use assets, net	$	5,134	$	3,200

Current portion of long-term operating lease		1,667		1,255
Long-term operating lease		3,492		1,970
Total operating lease liabilities	$	5,159	$	3,225

Lease expense for lease payments is recognized on a straight-line basis over the lease term. The components of lease expense related to the Company’s lease for the three months ended June 30, 2023 and 2022 were:

SCHEDULE OF LEASE EXPENSE

	2023		2022
	For the Three Months Ended June 30,
	2023		2022
Fixed operating lease costs	$	494	$	471
Short-term lease costs		40		5
Total lease cost	$	534	$	476

Supplemental cash flow information related to leases was as follows:

	2023			2022
	For the Three Months Ended June 30,
	2023			2022
Operating cash flows included in the measurement of lease liabilities	$	(495	)	$	(456	)
Non-cash lease activity related to right-of-use assets obtained in exchange for new operating lease liabilities		69			113
Other non-cash changes to ROU assets due to reassessment of the lease term		2,231			-

The weighted average remaining lease term and discount rate for the Company’s operating leases as of June 30, 2023 and March 31, 2023 were:

	As of June 30, 2023			As of March 31, 2023
Weighted-average remaining lease term (in years)		2.79			2.77
Weighted-average discount rate		4.00	%		4.00	%

Lease duration was determined utilizing renewal options that the Company is reasonably certain to execute.

As of June 30, 2023, maturities of operating lease liabilities for each of the following five years ending March 31 and a total thereafter were as follows:

	Operating Leases
Remainder of 2024	$	1,416
2025		1,626
2026		1,025
2027		742
2028		730
Thereafter		—
Total lease payments		5,539
Less: imputed interest		(380	)
Total lease liability	$	5,159

16. Leases

LEASES

The Company leases office space (real estate), vehicles and office equipment under operating leases. The Company did not have any finance leases as of March 31, 2023 and 2022.

Right-of-use lease assets and lease liabilities that are reported in the Company’s combined balance sheet as of March 31, 2023 and 2022 are as follows:

	2023		2022
	As of March 31,
	2023		2022
Operating lease, right-of-use assets, net	$	3,200	$	4,807

Current portion of long-term operating lease		1,255		1,743
Long-term operating lease		1,970		3,099
Total operating lease liabilities	$	3,225	$	4,842

Lease expense for lease payments is recognized on a straight-line basis over the lease term. The components of lease expense related to the Company’s lease for the years ended March 31, 2023 and 2022 were:

SCHEDULE OF LEASE EXPENSE

	2023		2022
	Years Ended March 31,
	2023		2022
Fixed operating lease costs	$	1,939	$	1,882
Short-term lease costs		-		23
Total lease cost	$	1,939	$	1,905

Supplemental cash flow information related to leases was as follows:

	2023			2022
	Years Ended March 31,
	2023			2022
Operating cash flows included in the measurement of lease liabilities	$	(1,930	)		(1,847	)
Non-cash lease activity related to right-of-use assets obtained in exchange for new operating lease liabilities	$	178			144

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

The weighted average remaining lease term and discount rate for the Company’s operating leases as of March 31, 2023 and 2022 were:

	As of March 31,
	2023			2022
Weighted-average remaining lease term (in years)		2.77			3.71
Weighted-average discount rate		4.00	%		4.00	%

Lease duration was determined utilizing renewal options that the Company is reasonably certain to execute.

As of March 31, 2023, maturities of operating lease liabilities for each of the following five years and a total thereafter were as follows:

Year ending March 31,	Operating Leases
2024	$	1,356
2025		1,075
2026		518
2027		244
2028		231
Thereafter		-
Total lease payments		3,424
Less: imputed interest		(199	)
Total lease liability	$	3,225

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Mar. 31, 2023

Dec. 31, 2022

SUMMARY OF TEMPORARY EQUITY

As of June 30, 2023, the Class A ordinary shares, classified as temporary equity in the balance sheet, are reconciled in the following table:

SUMMARY OF TEMPORARY EQUITY

Gross proceeds from initial public offering	$	202,000,000
Less:
Proceeds allocated to public warrants		(3,521,870	)
Offering costs allocated to Class A ordinary shares subject to possible redemption		(13,079,620	)
Fair value allocated to rights		(15,596,420	)
Plus:
Proceeds allocated to private warrants		4,211,323
Redemption of Class A ordinary shares		(149,322,133	)
Re-measurement of Class A ordinary shares subject to possible redemption		35,507,594
Class A ordinary shares subject to possible redemption, June 30, 2023	$	60,198,874

SUMMARY OF TEMPORARY EQUITY

Gross proceeds from initial public offering	$	202,000,000
Less:
Proceeds allocated to public warrants		(3,521,870	)
Offering costs allocated to Class A ordinary shares subject to possible redemption		(13,079,620	)
Fair value allocated to rights		(15,596,420	)
Plus:
Proceeds allocated to private warrants		4,211,323
Re-measurement of Class A ordinary shares subject to possible redemption		32,866,490
Class A ordinary shares subject to possible redemption, December 31, 2022	$	206,879,903

SUMMARY OF BASIC AND DILUTED NET INCOME PER ORDINARY SHARE

The following table reflects the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts):

	2023		2022
	Three Months Ended June 30,
	2023		2022
Class A ordinary shares subject to possible redemption
Numerator: income attributable to Class A ordinary shares subject to possible redemption
Net income attributable to Class A ordinary shares subject to possible redemption	$	77,592	$	947,763
Denominator: weighted average Class A ordinary shares subject to possible redemption
Basic and diluted weighted average shares outstanding, Class A ordinary shares subject to possible redemption		5,670,123		20,200,000
Basic and diluted net income per share, Class A ordinary shares subject to possible redemption		0.01		0.05
Non-redeemable ordinary shares
Numerator: income attributable to non-redeemable Class A and Class B ordinary shares
Net income attributable to non-redeemable Class A and Class B ordinary shares	$	73,252	$	251,157
Denominator: weighted average non-redeemable Class A and Class B ordinary shares
Basic and diluted weighted average shares outstanding, non-redeemable Class A and Class B ordinary shares		5,353,000		5,353,000
Basic and diluted net income per share, non-redeemable Class A and Class B ordinary shares	$	0.01	$	0.05

	2023			2022
	Six Months Ended June 30,
	2023			2022
Class A ordinary shares subject to possible redemption
Numerator: income attributable to Class A ordinary shares subject to possible redemption
Net (loss) income attributable to Class A ordinary shares subject to possible redemption	$	(130,906	)	$	3,223,267
Denominator: weighted average Class A ordinary shares subject to possible redemption
Basic and diluted weighted average shares outstanding, Class A ordinary shares subject to possible redemption		8,800,870			15,847,514
Basic and diluted net income per share, Class A ordinary shares subject to possible redemption		(0.01	)		0.20
Non-redeemable ordinary shares
Numerator: income attributable to non-redeemable Class A and Class B ordinary shares
Net (loss) income attributable to non-redeemable Class A and Class B ordinary shares	$	(79,621	)	$	1,073,290
Denominator: weighted average non-redeemable Class A and Class B ordinary shares
Basic and diluted weighted average shares outstanding, non-redeemable Class A and Class B ordinary shares		5,353,000			5,276,939
Basic and diluted net income per share, non-redeemable Class A and Class B ordinary shares	$	(0.01	)	$	0.20

	2022		2021
	Twelve Months Ended December 31,
	2022		2021
Class A ordinary shares subject to possible redemption
Numerator: income attributable to Class A ordinary shares subject to possible redemption
Net income	$	5,101,263	$	—
Net income attributable to Class A ordinary shares subject to possible redemption	$	5,101,263	$	—
Denominator: weighted average Class A ordinary shares subject to possible redemption
Basic and diluted weighted average shares outstanding, Class A ordinary shares subject to possible redemption		18,041,644		—
Basic and diluted net income per share, Class A ordinary shares subject to possible redemption	$	0.28	$	—
Non-redeemable ordinary shares
Numerator: net income (loss)
Net income (loss)	$	1,502,892	$	(9,963	)
Net income (loss) attributable to non-redeemable Class A and Class B ordinary shares	$	1,502,892	$	(9,963	)
Denominator: weighted average non-redeemable ordinary shares
Basic and diluted weighted average shares outstanding, non-redeemable ordinary shares		5,315,282		5,000,000
Basic and diluted net income (loss) per share, non-redeemable ordinary shares	$	0.28	$	(0.00	)

SCHEDULE OF PROPERTY AND EQUIPMENT NET

		Years
Computer software and hardware		3 years
Machinery and equipment		5-10 years
Vehicles		5 years
Furniture and fixtures		3-5 years
Buildings		30 years
Leasehold improvements		Shorter of remaining lease term or estimated useful life

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

PROPERTY AND EQUIPMENT, NET (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023	Mar. 31, 2022
DIH Holding US, Inc. [Member]
Restructuring Cost and Reserve [Line Items]
Depreciation	$ 99	$ 140	$ 157	$ 1,337

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

SCHEDULE OF EMPLOYEE DEFINED BENEFITS OBLIGATIONS AND PLAN ASSETS (Details) - DIH Holding US, Inc. [Member] - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023	Mar. 31, 2022
Change in present value of defined benefit obligation:
Defined benefit obligation at the beginning of the year	$ 11,417	$ 11,678	$ 11,678	$ 16,060
Interest on defined obligation	60	40	158	51
Current service cost	167	172	687	962
Contributions by plan participants			496	446
Translation loss			(26)	(429)
Benefits paid			(1,137)	(2,103)
Actuarial loss arising on projected benefit obligation			(439)	(3,309)
Defined benefit obligation at the end of the year			11,417	11,678
Change in plan assets:
Fair value of plan assets at the beginning of the year	$ 9,740	$ 9,422	9,422	11,576
Actual return on plan assets			373	(709)
Contributions by the employer			592	526
Contributions by plan participants			496	446
Benefits paid			(1,137)	(2,103)
Translation loss			(6)	(314)
Fair value of plan assets - at the end of the year			9,740	9,422
Funded status at end of the year			$ (1,677)	$ (2,256)

Combined Statements of Comprehensive Loss - USD ($)	3 Months Ended		12 Months Ended
Combined Statements of Comprehensive Loss - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023	Mar. 31, 2022
Restructuring Cost and Reserve [Line Items]
Net loss	$ 150,844	$ 1,198,920		$ (12,053,000)
DIH Holding US, Inc. [Member]
Restructuring Cost and Reserve [Line Items]
Net loss	(3,362,000)	(3,958,000)	$ (2,361,000)	(12,053,000)
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments, net of tax provision of $(65) and $(88), respectively	66,000	746,000	272,000	690,000
Pension liability adjustments	(384,000)	(114,000)	(430,000)	1,305,000
Other comprehensive (loss) income	(318,000)	632,000	(158,000)	1,995,000
Comprehensive loss	$ (3,680,000)	$ (3,326,000)	$ (2,519,000)	$ (10,058,000)

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

SCHEDULE OF DEFINED BENEFIT PLANS WITH ACCUMULATED BENEFIT OBLIGATIONS IN EXCESS OF PLAN ASSETS (Details) - DIH Holding US, Inc. [Member] - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022
Restructuring Cost and Reserve [Line Items]
Accumulated benefit obligation	$ 11,116	$ 11,357
Fair value of plan assets	$ 9,740	$ 9,422

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

INCOME TAXES (Details Narrative) - DIH Holding US, Inc. [Member] - USD ($)	3 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023	Mar. 31, 2022
Operating Loss Carryforwards [Line Items]
Income tax expense	$ 226,000	$ 628,000	$ 2,030,000	$ 696,000
Effective tax rate, percentage	7.20%	18.80%	4345.90%	(5.90%)
Accrued income taxes	$ 1,200,000		$ 1,000,000
Operating loss carryforwards			2,453	$ 1,994
Accrual balances			1,000	475
Expected contribution			124,000
Pension Plan [Member]
Operating Loss Carryforwards [Line Items]
Expected contribution			599,000
State and Local Jurisdiction [Member]
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards			464	478
Foreign Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards			4,946	4,517
Tax Year 2034 [Member]
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards			$ 761	$ 80

COMMITMENTS AND CONTINGENCIES	3 Months Ended	6 Months Ended	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Jun. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
COMMITMENTS AND CONTINGENCIES		NOTE 8. COMMITMENTS AND CONTINGENCIES Registration right and Shareholder Rights The holders of the Founder Shares, Private Placement Warrants, warrants that may be issued upon conversion of Working Capital Loans (and any Class A ordinary shares issuable upon the exercise of the Private Placement Warrants and warrants that may be issued upon conversion of the Working Capital Loans and upon conversion of the Founder Shares) are entitled to registration rights pursuant to a registration rights agreement that was signed on the effective date of the IPO, requiring the Company to register such securities for resale. The holders of these securities are entitled to make up to three demands, excluding short form demands, that the Company register such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion of a Business Combination and rights to require the Company to register for resale such securities pursuant to Rule 415 under the Securities Act. The Company will bear the expenses incurred in connection with the filing of any such registration statements. Underwriting agreement The Company granted the underwriters a 45-day option from the date of the IPO to purchase up to 3,000,000 additional Units to cover over-allotments at the IPO price less the underwriting discount. The underwriters partially exercised the over-allotment option, generating an additional $2,000,000 in gross proceeds. As a result of the over-allotment being exercised in part, the Sponsor forfeited 700,000 Founder Shares back to the Company. The underwriters were paid a cash underwriting discount of $2,525,000 in the aggregate at the closing of the IPO. In addition, $0.35 per Unit, or $7,070,000 in the aggregate is payable to the underwriters for deferred underwriting commissions. The deferred fee is payable to the underwriters from the amounts held in the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement. Legal Agreement The Company has a contingent fee arrangement with their legal counsel, in which the deferred fee is payable to the Company’s legal counsel solely in the event that the Company completes a Business Combination. Right of First Refusal Subject to certain conditions, the Company granted Maxim, for a period beginning on the closing of the IPO, and ending on the earlier of 18 months after the date of the consummation of the Business Combination and February 7, 2025, the three year anniversary of the effective date of the registration statement filed in connection with the IPO (the “S-1 Effective Date”), a right of first refusal to act as book-running managing underwriter or placement agent for any and all future public and private equity, convertible and debt offerings for us or any of our successors or subsidiaries. In accordance with FINRA Rule 5110(g)(6), such right of first refusal shall not have a duration of more than three years from the commencement of sales of securities in the IPO. Representative’s Ordinary Shares The Company issued to Maxim and/or its designees, 303,000 Class A ordinary shares upon the consummation of the IPO. Maxim has agreed not to transfer, assign or sell any such shares until the completion of the Company’s initial Business Combination. In addition, Maxim has agreed (i) to waive its redemption rights with respect to such shares in connection with the completion of the Company’s initial business combination and (ii) to waive its rights to liquidating distributions from the trust account with respect to such shares if the Company fails to complete its initial business combination within 12 months (or up to 18 months if we extend the period of time to consummate a business combination by the full amount of time) from the closing of the IPO. The shares have been deemed compensation by FINRA and are therefore subject to a lock-up for a period of 180 days immediately following the S-1 Effective Date. Pursuant to FINRA Rule 5110(e)(1), these securities will not be the subject of any hedging, short sale, derivative, put or call transaction nor may they be sold, transferred, assigned, pledged or hypothecated for a period of 180 days immediately following the commencement of sales of securities in the IPO, except to any underwriter and selected dealer participating in the offering and their officers or partners, associated persons or affiliates.		NOTE 8. COMMITMENTS AND CONTINGENCIES *Registration right and Shareholder Rights* The holders of the Founder Shares, Private Placement Warrants, warrants that may be issued upon conversion of Working Capital Loans (and any Class A ordinary shares issuable upon the exercise of the Private Placement Warrants and warrants that may be issued upon conversion of the Working Capital Loans and upon conversion of the Founder Shares) are entitled to registration rights pursuant to a registration rights agreement that was signed on the effective date of the IPO, requiring the Company to register such securities for resale. The holders of these securities are entitled to make up to three demands, excluding short form demands, that the Company register such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion of a Business Combination and rights to require the Company to register for resale such securities pursuant to Rule 415 under the Securities Act. The Company will bear the expenses incurred in connection with the filing of any such registration statements. *Underwriting agreement* The Company granted the underwriters a 45-day option from the date of the IPO to purchase up to 3,000,000 additional Units to cover over-allotments at the IPO price less the underwriting discount. The underwriters partially exercised the over-allotment option, generating an additional $2,000,000 in gross proceeds. As a result of the over-allotment being exercised in part, the Sponsor forfeited 700,000 Founder Shares back to the Company. The underwriters were paid a cash underwriting fee of $2,525,000 in the aggregate at the closing of the IPO. In addition, $0.35 per Unit, or $7,070,000 in the aggregate is payable to the underwriters for deferred underwriting commissions. The deferred fee is payable to the underwriters from the amounts held in the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement. *Legal Agreement* The Company has a contingent fee arrangement with their legal counsel, in which the deferred fee is payable to the Company’s legal counsel solely in the event that the Company completes a Business Combination. *Right of First Refusal* Subject to certain conditions, the Company granted Maxim, for a period beginning on the closing of the IPO, and ending on the earlier of 18 months after the date of the consummation of the Business Combination and February 7, 2025, the three year anniversary of the effective date of the registration statement filed in connection with the IPO (the “S-1 Effective Date”), a right of first refusal to act as book-running managing underwriter or placement agent for any and all future public and private equity, convertible and debt offerings for us or any of our successors or subsidiaries. In accordance with FINRA Rule 5110(g)(6), such right of first refusal shall not have a duration of more than three years from the commencement of sales of securities in the IPO. *Representative’s Ordinary Shares* The Company issued to Maxim and/or its designees, 303,000 Class A ordinary shares upon the consummation of the IPO. Maxim has agreed not to transfer, assign or sell any such shares until the completion of the Company’s initial Business Combination. In addition, Maxim has agreed (i) to waive its redemption rights with respect to such shares in connection with the completion of the Company’s initial business combination and (ii) to waive its rights to liquidating distributions from the trust account with respect to such shares if the Company fails to complete its initial business combination within 12 months (or up to 18 months if we extend the period of time to consummate a business combination by the full amount of time) from the closing of the IPO. The shares have been deemed compensation by FINRA and are therefore subject to a lock-up for a period of 180 days immediately following the S-1 Effective Date. Pursuant to FINRA Rule 5110(e)(1), these securities will not be the subject of any hedging, short sale, derivative, put or call transaction nor may they be sold, transferred, assigned, pledged or hypothecated for a period of 180 days immediately following the commencement of sales of securities in the IPO, except to any underwriter and selected dealer participating in the offering and their officers or partners, associated persons or affiliates.
DIH Holding US, Inc. [Member]
Restructuring Cost and Reserve [Line Items]
COMMITMENTS AND CONTINGENCIES	15. Commitments and Contingencies COMMITMENTS AND CONTINGENCIES From time to time, the Company may be involved in lawsuits, claims, investigations, and proceedings, consisting of intellectual property, commercial, employment, and other matters, which arise in the ordinary course of business. In accordance with ASC 450, Contingencies, the Company make a provision for a liability when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. The Company is not presently a party to any litigation the outcome of which, it believes, if determined adversely to the Company, would individually or taken together, have a material adverse effect on the Company’s business, operating results, cash flows or financial condition. The Company has determined that the existence of a material loss is neither probable nor reasonably possible.		15. Commitments and Contingencies COMMITMENTS AND CONTINGENCIES From time to time, the Company may be involved in lawsuits, claims, investigations, and proceedings, consisting of intellectual property, commercial, employment, and other matters, which arise in the ordinary course of business. In accordance with ASC 450, Contingencies, the Company make a provision for a liability when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. The Company is not presently a party to any litigation the outcome of which, it believes, if determined adversely to the Company, would individually or taken together, have a material adverse effect on the Company’s business, operating results, cash flows or financial condition. The Company has determined that the existence of a material loss is neither probable nor reasonably possible.

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2023

Mar. 31, 2023

Dec. 31, 2022

Cash and Cash Equivalents

Basis of Presentation

Basis of Presentation

Emerging Growth Company

Emerging Growth Company

Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is either not an emerging growth company or an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.

Use of Estimates

Use of Estimates

Cash and Cash Equivalents

Marketable Securities Held in Trust Account

Marketable Securities Held in Trust Account

Following the closing of the Initial Public Offering on February 9, 2022, an amount of $204,020,000 from the net proceeds of the sale of the Units in the Initial Public Offering and the sale of the Private Placement Warrants were placed in the Trust Account and is invested only in U.S. government securities with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act which invest only in direct U.S. government treasury obligations. The Trust Account is intended as a holding place for funds pending the earliest to occur of: (i) the completion of the initial Business Combination; (ii) the redemption of any public shares properly submitted in connection with a shareholder vote to amend the Company’s Amended and Restated Memorandum of Association (A) to modify the substance or timing of our obligation to provide holders of our Class A ordinary shares the right to have their shares redeemed in connection with our initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination within 12 months from the closing of the IPO (unless extended) or (B) with respect to any other provision relating to the rights of holders of our Class A ordinary shares; or (iii) absent our completing an initial business combination within 12 months from the closing of our initial public offering (unless extended), our return of the funds held in the trust account to our public shareholders as part of our redemption of the Public Shares. As of December 31, 2022, substantially all of the assets held in the Trust Account were held in money market funds which invest in United States Treasury securities. All of the investments held in the Trust Account are classified as trading securities. Trading securities are presented on the balance sheet at fair value at the end of each reporting period. The estimated fair values of investments held in Trust Account are determined using available market information.

Offering Costs

Offering Costs

Class A Ordinary Shares Subject to Possible Redemption

Class A Ordinary shares Subject to Possible Redemption

As of June 30, 2023, the Class A ordinary shares, classified as temporary equity in the balance sheet, are reconciled in the following table:

SUMMARY OF TEMPORARY EQUITY

Gross proceeds from initial public offering	$	202,000,000
Less:
Proceeds allocated to public warrants		(3,521,870	)
Offering costs allocated to Class A ordinary shares subject to possible redemption		(13,079,620	)
Fair value allocated to rights		(15,596,420	)
Plus:
Proceeds allocated to private warrants		4,211,323
Redemption of Class A ordinary shares		(149,322,133	)
Re-measurement of Class A ordinary shares subject to possible redemption		35,507,594
Class A ordinary shares subject to possible redemption, June 30, 2023	$	60,198,874

Class A Ordinary Shares Subject to Possible Redemption

The Company accounts for its Class A ordinary shares subject to possible redemption in accordance with the guidance in Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.” Conditionally redeemable ordinary shares (including ordinary shares that features redemption rights that is either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) is classified as temporary equity. At all other times, ordinary shares is classified as shareholders’ equity. The Company’s Class A ordinary shares features certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, at December 31, 2022 and 2021, Class A ordinary shares subject to possible redemption is presented at redemption value as temporary equity, outside of the shareholders’ deficit section of the Company’s balance sheet.

As of December 31, 2022, the Class A ordinary shares, classified as temporary equity in the balance sheet, are reconciled in the following table:

SUMMARY OF TEMPORARY EQUITY

Gross proceeds from initial public offering	$	202,000,000
Less:
Proceeds allocated to public warrants		(3,521,870	)
Offering costs allocated to Class A ordinary shares subject to possible redemption		(13,079,620	)
Fair value allocated to rights		(15,596,420	)
Plus:
Proceeds allocated to private warrants		4,211,323
Re-measurement of Class A ordinary shares subject to possible redemption		32,866,490
Class A ordinary shares subject to possible redemption, December 31, 2022	$	206,879,903

Income Taxes

Income Taxes

ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statements recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of December 31, 2022 and 2021. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position.

Net Income (Loss) per Ordinary Share

Net income (loss) per Ordinary Share

The following table reflects the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts):

	2023		2022
	Three Months Ended June 30,
	2023		2022
Class A ordinary shares subject to possible redemption
Numerator: income attributable to Class A ordinary shares subject to possible redemption
Net income attributable to Class A ordinary shares subject to possible redemption	$	77,592	$	947,763
Denominator: weighted average Class A ordinary shares subject to possible redemption
Basic and diluted weighted average shares outstanding, Class A ordinary shares subject to possible redemption		5,670,123		20,200,000
Basic and diluted net income per share, Class A ordinary shares subject to possible redemption		0.01		0.05
Non-redeemable ordinary shares
Numerator: income attributable to non-redeemable Class A and Class B ordinary shares
Net income attributable to non-redeemable Class A and Class B ordinary shares	$	73,252	$	251,157
Denominator: weighted average non-redeemable Class A and Class B ordinary shares
Basic and diluted weighted average shares outstanding, non-redeemable Class A and Class B ordinary shares		5,353,000		5,353,000
Basic and diluted net income per share, non-redeemable Class A and Class B ordinary shares	$	0.01	$	0.05

	2023			2022
	Six Months Ended June 30,
	2023			2022
Class A ordinary shares subject to possible redemption
Numerator: income attributable to Class A ordinary shares subject to possible redemption
Net (loss) income attributable to Class A ordinary shares subject to possible redemption	$	(130,906	)	$	3,223,267
Denominator: weighted average Class A ordinary shares subject to possible redemption
Basic and diluted weighted average shares outstanding, Class A ordinary shares subject to possible redemption		8,800,870			15,847,514
Basic and diluted net income per share, Class A ordinary shares subject to possible redemption		(0.01	)		0.20
Non-redeemable ordinary shares
Numerator: income attributable to non-redeemable Class A and Class B ordinary shares
Net (loss) income attributable to non-redeemable Class A and Class B ordinary shares	$	(79,621	)	$	1,073,290
Denominator: weighted average non-redeemable Class A and Class B ordinary shares
Basic and diluted weighted average shares outstanding, non-redeemable Class A and Class B ordinary shares		5,353,000			5,276,939
Basic and diluted net income per share, non-redeemable Class A and Class B ordinary shares	$	(0.01	)	$	0.20

Net Income (Loss) per Ordinary Share

Net income (loss) per ordinary share is computed by dividing net income (loss) by the weighted average number of ordinary shares outstanding during the period. Ordinary shares subject to possible redemption at December 31, 2022, which are not currently redeemable and are not redeemable at fair value, have been excluded from the calculation of basic net income (loss) per ordinary share since such shares, if redeemed, only participate in their pro rata share of the Trust Account earnings. The Company has not considered the effect of the warrants sold in the Initial Public Offering and the private placement to purchase an aggregate of 6,470,000 Private Placement Warrants in the calculation of diluted income per share, since the exercise of the warrants is contingent upon the occurrence of future events and the inclusion of such warrants would be anti-dilutive. As a result, diluted net income (loss) per ordinary share is the same as basic net income (loss) per ordinary share for the period presented.

The Company’s statement of operations includes a presentation of net income (loss) per ordinary share subject to possible redemption and allocates the net income (loss) into the two classes of stock in calculating net earnings per ordinary share, basic and diluted. For redeemable Class A ordinary shares, net income (loss) per ordinary share is calculated by dividing the net income (loss) by the weighted average number of Class A ordinary shares subject to possible redemption outstanding since original issuance. For non-redeemable Class A ordinary shares, net income (loss) per share is calculated by dividing the net income (loss) by the weighted average number of non-redeemable Class A ordinary shares outstanding for the period. Nonredeemable Class A ordinary shares include the representative shares issued to Maxim at the closing of the initial public offering. For non-redeemable Class B ordinary shares, net income (loss) per share is calculated by dividing the net income (loss) by the weighted average number of non-redeemable Class B ordinary shares outstanding for the period. Nonredeemable Class B ordinary shares include the founder shares as these shares do not have any redemption features and do not participate in the income earned on the Trust Account. As of December 31, 2022, the Company did not have any dilutive securities or other contracts that could, potentially, be exercised or converted into ordinary shares and then share in the earnings of the Company. As a result, diluted net income (loss) per ordinary share is the same as basic net income (loss) per ordinary share for the periods presented.

The following table reflects the calculation of basic and diluted net income (loss) per ordinary share as of December 31, 2022 and 2021 (in dollars, except per share amounts):

	2022		2021
	Twelve Months Ended December 31,
	2022		2021
Class A ordinary shares subject to possible redemption
Numerator: income attributable to Class A ordinary shares subject to possible redemption
Net income	$	5,101,263	$	—
Net income attributable to Class A ordinary shares subject to possible redemption	$	5,101,263	$	—
Denominator: weighted average Class A ordinary shares subject to possible redemption
Basic and diluted weighted average shares outstanding, Class A ordinary shares subject to possible redemption		18,041,644		—
Basic and diluted net income per share, Class A ordinary shares subject to possible redemption	$	0.28	$	—
Non-redeemable ordinary shares
Numerator: net income (loss)
Net income (loss)	$	1,502,892	$	(9,963	)
Net income (loss) attributable to non-redeemable Class A and Class B ordinary shares	$	1,502,892	$	(9,963	)
Denominator: weighted average non-redeemable ordinary shares
Basic and diluted weighted average shares outstanding, non-redeemable ordinary shares		5,315,282		5,000,000
Basic and diluted net income (loss) per share, non-redeemable ordinary shares	$	0.28	$	(0.00	)

Related Parties

Related Parties

Concentration of Credit Risk

Concentration of Credit Risk

Fair Value of Financial Instruments

Fair Value of Financial Instruments

Fair Value Measurements

	●	Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets;
	●	Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and
	●	Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

Fair Value Measurements

	●	Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets;

	●	Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and

	●	Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

Warranty Liability

Warranty Liability

Recent Accounting Pronouncements Adopted

Recent Accounting Standards

Recent Accounting Standards

In August 2020, the FASB issued ASU No. 2020-06, “Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging —Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity” (“ASU 2020-06”), which simplifies accounting for convertible instruments by removing major separation models required under current GAAP. ASU 2020-06 removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception and it also simplifies the diluted earnings per share calculation in certain areas. ASU 2020-06 is effective for smaller reporting companies for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. The Company is currently assessing the impact, if any, that ASU 2020-06 would have on its financial position, results of operations or cash flows.

Cash and Cash Equivalents

Basis of Presentation

Basis of Presentation

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

Use of Estimates

Use of Estimates

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

Cash and Cash Equivalents

The Company considers all highly liquid investments that are readily convertible into cash and have an original maturity of three months or less at the time of purchase to be cash equivalents.

Income Taxes

Income Taxes

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

Deferred tax assets and deferred tax liabilities are presented as noncurrent in a classified balance sheet.

Concentration of Credit Risk

Concentration of Credit Risk

Financial instruments that potentially subject the Company to credit risk primarily consists of cash and cash equivalents and accounts receivable. The Company maintains its cash and cash equivalents with highly-rated financial institutions and limits the amount of credit exposure to any one entity. We believe we do not have any significant credit risk on our cash and cash equivalents. For accounts receivable, the Company is exposed to credit risk in the event of nonpayment by customers which is limited to the amounts recorded on the combined balance sheets. The risk associated with this concentration is mitigated by our ongoing credit-review procedures and letters of credit or payment prior to shipment.

Fair Value Measurements

Fair Value Measurements

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

The three levels of the valuation hierarchy are defined as follows:

●

Level 1 – Observable inputs such as quoted prices in active markets at the measurement date for identical, unrestricted assets or liabilities.

●

Level 3 – Unobservable inputs for which there is little or no market data and which the Company makes its own assumptions about how market participants would price the assets and liabilities.

Recent Accounting Pronouncements Adopted

Accounting Pronouncements Recently Adopted

Recent Accounting Pronouncements Adopted

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

Unaudited Interim Condensed Combined Financial Information

Unaudited Interim Condensed Combined Financial Information

Foreign Currency Reporting

Foreign Currency Reporting

Transactions denominated in currencies other than the functional currency are remeasured based on the exchange rates at the time of the transaction. Foreign currency gains and losses arising primarily from changes in exchange rates on foreign currency denominated intercompany transactions and balances between foreign locations are recorded in the combined statements of operations. Realized and unrealized gains (losses) resulting from transactions conducted in foreign currencies for the years ended March 31, 2023 and 2022 were $667 and $(292), respectively.

Recent Accounting Pronouncements Not Yet Adopted

Recent Accounting Pronouncements Not Yet Adopted

In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASC 326”). ASC 326 provides more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. ASC 326 was originally effective for annual reporting periods beginning after December 15, 2019. Following the release of ASU 2019-10 in November 2019, the amendments in this update are effective for the Company on April 1, 2023.The provisions of this ASU are to be applied using a modified-retrospective approach. The Company is currently evaluating the impact of adoption of this guidance on its financial statements.

Revenue Recognition

Revenue Recognition

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

Warranties

Warranties

Cost of Sales

Cost of Sales

Cost of service is comprised primarily of employee wages, benefits and related personnel expenses of our technical support team, our professional consulting personnel, and our training teams.

Selling, General and Administrative Expenses

Selling, General and Administrative Expenses

Selling, general and administrative expense is primarily comprised of selling expenses, marketing expenses, administrative and other indirect overhead costs, and other miscellaneous operating items.

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

Research and Development

Research and Development

Accounts Receivable, net

Accounts Receivable, net

Restricted Cash

Restricted Cash

Restricted cash primarily consists of cash collateralizing leases for the Company’s facilities and vehicles and pledged assets associated with other vendor agreements.

Inventories, net

Inventories, net

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

Property and Equipment, Net

Property and Equipment, Net

SCHEDULE OF PROPERTY AND EQUIPMENT NET

		Years
Computer software and hardware		3 years
Machinery and equipment		5-10 years
Vehicles		5 years
Furniture and fixtures		3-5 years
Buildings		30 years
Leasehold improvements		Shorter of remaining lease term or estimated useful life

Capitalized software, net

Capitalized software, net

Other intangible assets, net

Other intangible assets, net

Demonstration Units

Demonstration Units

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

Impairment of Long-Lived Assets, including intangible assets

Impairment of Long-Lived Assets, including intangible assets

Capitalized software costs and other intangible assets are tested for impairment whenever events or changes in circumstances that could impact recoverability occur.

For the years ended March 31, 2023 and 2022, the Company did not record any impairment losses.

Leases

Leases

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

Contingencies

Contingencies

Segment Information

Segment Information

Defined Benefit Plan

Defined Benefit Plan

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

Acquisitions

Acquisitions

SCHEDULE OF CAPITALIZED SOFTWARE AND OTHER INTANGIBLE ASSETS (Details) - DIH Holding US, Inc. [Member] - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023	Mar. 31, 2022
Restructuring Cost and Reserve [Line Items]
Gross Carrying Amount, Capitalized software	$ 2,393	$ 2,326	$ 2,259
Accumulated Amortization, Capitalized software	(136)	(123)	(83)
Net Carrying Amount, Capitalized software	2,257	2,203	2,176
Gross Carrying Amount, Other intangible assets	380	380
Accumulated Amortization, Other intangible assets
Net Carrying Amount, Other intangible assets	$ 380	$ 380

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

SUMMARY OF CHANGE IN FAIR VALUE OF DERIVATIVE WARRANT LIABILITIES

FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Fair Value Disclosures [Abstract]

				Private
	Public			Placement			Warrant
	Warrants			Warrants			Liability
Derivative warrant liabilities at December 31, 2021	$	—		$	—		$	—
Initial fair value at issuance of public and private placement warrants		3,521,870			2,258,677			5,780,547
Change in fair value		(1,905,870	)		(1,730,725	)		(3,636,595	)
Transfer of public warrants to Level 1 measurement		(1,616,000	)		—			(1,616,000	)
Level 3 derivative warrant liabilities as of March 31, 2022		—			527,952			527,952
Change in fair value		—			(280,952	)		(280,952	)
Level 3 derivative warrant liabilities as of June 30, 2022		—			247,000			247,000
Change in fair value		—			(118,000	)		(118,000	)
Level 3 derivative warrant liabilities as of September 30, 2022		—			129,000			129,000
Change in fair value		—			14,000			14,000
Transfer of Private Placement Warrants to Level 2 measurement		—			(143,000	)		(143,000	)
Level 3 derivative warrant liabilities as of December 31, 2022		—			—			—
Change in fair value		—			—			—
Level 3 derivative warrant liabilities as of March 31, 2023	$	—		$	—		$	—
Change in fair value		—			—			—
Level 3 derivative warrant liabilities as of June 30, 2023	$	—		$	—		$	—

	Public Warrants			Private Placement Warrants			Total Derivative Warrant Liability
Fair value at August 6, 2021 (inception)		—			—			—
Change in fair value		-			-			-
Derivative warrant liabilities as of December 31, 2021	$	—		$	—		$	—
Initial fair value at issuance		3,521,870			2,258,677			5,780,547
Change in fair value		(1,905,870	)		(1,730,725	)		(3,636,595	)
Derivative warrant liabilities as of March 31, 2022	$	1,616,000		$	527,952		$	2,143,952
Change in fair value		(858,500	)		(280,952	)		(1,139,452	)
Derivative warrant liabilities as of June 30, 2022	$	757,500		$	247,000		$	1,004,500
Change in fair value		(353,500	)		(118,000	)		(471,500	)
Derivative warrant liabilities as of September 30, 2022	$	404,000		$	129,000		$	533,000
Change in fair value		42,420			14,000			56,420
Derivative warrant liabilities as of December 31, 2022	$	446,420		$	143,000		$	589,420
Change in fair value		58,580			20,000			78,580
Derivative warrant liabilities as of March 31, 2023	$	505,000		$	163,000		$	668,000
Change in fair value		(220,180	)		(71,000	)		(291,180	)
Derivative warrant liabilities as of June 30, 2023	$	284,820		$	92,000		$	376,820

				Private
	Public			Placement			Warrant
	Warrants			Warrants			Liability
Derivative warrant liabilities at December 31, 2021	$	—		$	—		$	—
Initial fair value at issuance of public and private warrants		3,521,870			2,258,677			5,780,547
Change in fair value		(1,905,870	)		(2,115,677	)		(4,021,547	)
Transfer of Public Warrants to Level 1 measurement		(1,616,000	)		—			(1,616,000	)
Transfer of Private Placement Warrants to Level 2 measurement		—			(143,000	)		(143,000	)
Level 3 derivative warrant liabilities at December 31, 2022	$	—		$	—		$	—

The following table presents the changes in the fair value of derivative warrant liabilities as of December 31, 2022 and 2021:

				Private
	Public			Placement			Warrant
	Warrants			Warrants			Liability
Derivative warrant liabilities at December 31, 2021	$	—		$	—		$	—
Initial fair value at issuance		3,521,870			2,258,677			5,780,547
Change in fair value		(3,075,450	)		(2,115,677	)		(5,191,127	)
Derivative warrant liabilities at December 31, 2022	$	446,420		$	143,000		$	589,420

SUMMARY OF FAIR VALUE HIERARCHY THE COMPANY’S ASSETS AND LIABILITIES THAT WERE ACCOUNTED FOR AT FAIR VALUE ON RECURRING BASIS

The following tables set forth by level within the fair value hierarchy the Company’s assets and liabilities that were accounted for at fair value on a recurring basis at June 30, 2023:

	(Level 1)		(Level 2)		(Level 3)
Assets
Cash and marketable securities held in trust account	$	60,198,874	$	—	$	—
Liabilities
Public Warrants	$	284,820	$	—	$	—
Private Placement Warrants	$	—	$	92,000	$	—

The following tables set forth by level within the fair value hierarchy the Company’s assets and liabilities that were accounted for at fair value on a recurring basis at December 31, 2022:

Assets
Cash and marketable securities held in trust account	$	206,879,903	$	—	$	—
Liabilities
Public Warrants	$	446,420	$	—	$	—
Private Placement Warrants	$	—	$	143,000	$	—

The following tables set forth by level within the fair value hierarchy the Company’s assets and liabilities that were accounted for at fair value on a recurring basis at December 31, 2022. There were no fair value measurements as of December 31, 2021.

	(Level 1)		(Level 2)		(Level 3)
Assets:
Cash and marketable securities held in Trust Account	$	206,879,903	$	—	$	—
Liabilities:
Public Warrants	$	446,420	$	—	$	—
Private Placement Warrants	$	—	$	143,000		—

SUMMARY OF FAIR VALUE MEASUREMENTS INPUTS

The key inputs into the Black Scholes Merton model formula were as follows at February 9, 2022:

	Private Placement
	Warrants
Ordinary Share price	$	9.08
Exercise price	$	11.50
Risk-free rate of interest		1.80	%
Volatility		9.43	%
Term		5.99
Warrant to buy one share	$	0.35
Dividend yield		0.00	%

	June 30,			December 31,
	2023			2022
Ordinary Share price	$	10.62		$	10.23
Exercise price	$	11.50		$	11.50
Risk-free rate of interest		4.07	%		3.94	%
Volatility		0.00	%		0.00	%
Term		5.25			5.50
Warrant to buy one share	$	0.01		$	0.02
Dividend yield		0.00	%		0.00	%

The key inputs into the Black Scholes Merton model were as follows at February 9, 2022:

	Private Placement
	Warrants
Ordinary share price	$	9.08
Exercise price	$	11.50
Risk-free rate of interest		1.80	%
Volatility		9.43	%
Term		5.99
Warrant to buy one share	$	0.35
Dividend yield		0.00	%

The key inputs into the Monte Carlo simulation model were as follows at December 31, 2022:

	Private Placement
	Warrants
Ordinary share price	$	10.23
Exercise price	$	11.50
Risk-free rate of interest		3.94	%
Volatility		0.00	%
Term		5.50
Warrant to buy one share	$	0.02
Dividend yield		0.00	%

Cover	6 Months Ended
Cover	Jun. 30, 2023
Entity Addresses [Line Items]
Document Type	S-4/A
Amendment Flag	true
Amendment Description	Amendment No. 4
Entity Registrant Name	AURORA TECHNOLOGY ACQUISITION CORP.
Entity Central Index Key	0001883788
Entity Tax Identification Number	98-1624542
Entity Incorporation, State or Country Code	E9
Entity Address, Address Line One	4 Embarcadero Center
Entity Address, Address Line Two	Suite 1449
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94105
City Area Code	(345)
Local Phone Number	745-5000
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Business Contact [Member]
Entity Addresses [Line Items]
Entity Address, Address Line One	3rd Floor
Entity Address, Address Line Two	One Capital Place
Entity Address, Address Line Three	PO Box 10190
Entity Address, City or Town	George Town
Entity Address, Country	KY
Entity Address, Postal Zip Code	KY1-1002
Contact Personnel Name	Zachary Wang

SCHEDULE OF AMOUNTS RECOGNIZED IN BALANCE SHEET (Details) - DIH Holding US, Inc. [Member] - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022
Restructuring Cost and Reserve [Line Items]
Current liabilities
Non-current liabilities	(1,677)	(2,256)
Total recognized in the combined balance sheet	$ (1,677)	$ (2,256)

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

CAPITALIZED SOFTWARE, NET AND OTHER INTANGIBLE ASSETS, NET

3 Months Ended

12 Months Ended

Jun. 30, 2023

Mar. 31, 2023

CAPITALIZED SOFTWARE, NET AND OTHER INTANGIBLE ASSETS, NET

7. Capitalized software, net and other intangible assets, net

Capitalized software, net and other intangible assets, net as of June 30, 2023 and March 31, 2023 consisted of the following:

	As of June 30, 2023							As of March 31, 2023
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount

Capitalized software	$	2,393	$	(136	)	$	2,257	$	2,326	$	(123	)	$	2,203

Other intangible assets	$	380	$	-		$	380	$	380	$	-		$	380

Substantially all capitalized software, net and other intangible assets, net are subject to amortization when they are available for their intended use. For the three months ended June 30, 2023 and 2022, amortization expense was $13 and $25, respectively.

Estimated annual amortization for intangible assets over the next five years are as follows:

		Remainder of 2024				2025				2026				2027				2028
Estimated annual amortization		$	63			$	292			$	464			$	454			$	454

7. Capitalized software, net and other intangible assets, net

Capitalized software, net and other intangible assets, net as of March 31, 2023 and 2022 consisted of the following:

	As of March 31,
	2023							2022
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount

Capitalized software	$	2,326	$	(123	)	$	2,203	$	2,259	$	(83	)	$	2,176

Other intangible assets	$	380	$	-		$	380	$	-	$	-		$	-

Other intangible assets include patent and technology related intangible assets of $380 acquired from the SafeGait asset acquisition discussed in Note 2, which represented non-cash investing activities for the year ended March 31, 2023. The weighted-average useful lives of these intangible assets are 10 years.

Substantially all capitalized software, net and other intangible assets, net are subject to amortization when they are available for their intended use. For the years ended March 31, 2023 and 2022, amortization expense was $46 and $48, respectively.

Estimated annual amortization for intangible assets over the next five years are as follows:

		2024				2025				2026				2027				2028
Estimated annual amortization		$	84			$	488			$	451			$	442			$	442

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

PROPERTY AND EQUIPMENT, NET (Tables)

3 Months Ended

12 Months Ended

Jun. 30, 2023

Mar. 31, 2023

SCHEDULE OF PROPERTY AND EQUIPMENT, NET

Property and equipment, net as of June 30, 2023 and March 31, 2023 consisted of the following:

SCHEDULE OF PROPERTY AND EQUIPMENT, NET

	As of June 30, 2023			As of March 31, 2023
Computer software and hardware	$	1,057		$	1,033
Machinery and equipment		1,345			1,320
Leasehold improvements		1,474			1,436
Furniture and fixtures		881			858
Vehicles		69			55
Demonstration units		616			654
Property and equipment		5,442			5,356
Less: accumulated depreciation		(4,696	)		(4,530	)
Property and equipment, net	$	746		$	826

Property and equipment, net as of March 31, 2023 and 2022 consisted of the following:

SCHEDULE OF PROPERTY AND EQUIPMENT, NET

	2023			2022
	As of March 31,
	2023			2022
Computer software and hardware	$	1,033		$	1,033
Machinery and equipment		1,320			1,311
Leasehold improvements		1,436			1,448
Furniture and fixtures		858			857
Vehicles		55			55
Demonstration units		654			851
Property and equipment		5,356			5,555
Less: accumulated depreciation		(4,530	)		(4,646	)
Property and equipment, net	$	826		$	909

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

SCHEDULE OF AGGREGATE ANNUAL MATURITIES OF LONG-TERM DEBT (Details) - DIH Holding US, Inc. [Member] - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023	Mar. 31, 2022
Restructuring Cost and Reserve [Line Items]
2024	$ 1,247	$ 1,514
2025	505	489
Total	1,752	2,003
Total long-term debt	1,752	1,514	$ 1,267
Less: current portion		$ 489	$ 1,707

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

SCHEDULE OF LONG-LIVED ASSETS (Details) - DIH Holding US, Inc. [Member] - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023	Mar. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	$ 746	$ 826	$ 909
EMEA [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	297	320	217
Americas [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	336	390	569
Asia Pacific [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	$ 113	$ 116	$ 123

SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO LEASES (Details) - DIH Holding US, Inc. [Member] - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023	Mar. 31, 2022
Restructuring Cost and Reserve [Line Items]
Operating cash flows included in the measurement of lease liabilities	$ (495)	$ (456)	$ (1,930)	$ (1,847)
Non-cash lease activity related to right-of-use assets obtained in exchange for new operating lease liabilities	69	113	$ 178	$ 144
Other non-cash changes to ROU assets due to reassessment of the lease term	$ 2,231

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

FAIR VALUE MEASUREMENTS

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

NOTE 9. FAIR VALUE MEASUREMENTS

At June 30, 2023 and December 31, 2022, the Company’s warrant liability was valued at $376,820 and $589,420, respectively. Under the guidance in ASC 815-40, the Public Warrants and the Private Placement Warrants do not meet the criteria for equity treatment. As such, the Public Warrants and the Private Placement Warrants must be recorded on the balance sheet at fair value. This valuation is subject to re-measurement at each balance sheet date. With each re-measurement, the valuations will be adjusted to fair value, with the change in fair value recognized in the Company’s statement of operations.

The following table presents fair value information as of June 30, 2023 and December 31, 2022, of the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. The Company’s warrant liability is based on a valuation model utilizing management judgment and pricing inputs from observable and unobservable markets with less volume and transaction frequency than active markets. Significant deviations from these estimates and inputs could result in a material change in fair value The Company transferred the fair value of Public Warrants and Private Placement Warrants from a Level 3 measurement to a Level 1 and Level 2 measurement, respectively, in 2022. The measurement of the Public Warrants as of June 30, 2023 is classified as Level 1 due to the use of an observable market quote in an active market under the ticker ATAKW. The measurement of the Private Placement Warrants as of June 30, 2023 is classified as Level 2 as its value is derived from the directly observable quoted prices of the Public Warrants in active markets.

				Private
	Public			Placement			Warrant
	Warrants			Warrants			Liability
Derivative warrant liabilities at December 31, 2021	$	—		$	—		$	—
Initial fair value at issuance of public and private placement warrants		3,521,870			2,258,677			5,780,547
Change in fair value		(1,905,870	)		(1,730,725	)		(3,636,595	)
Transfer of public warrants to Level 1 measurement		(1,616,000	)		—			(1,616,000	)
Level 3 derivative warrant liabilities as of March 31, 2022		—			527,952			527,952
Change in fair value		—			(280,952	)		(280,952	)
Level 3 derivative warrant liabilities as of June 30, 2022		—			247,000			247,000
Change in fair value		—			(118,000	)		(118,000	)
Level 3 derivative warrant liabilities as of September 30, 2022		—			129,000			129,000
Change in fair value		—			14,000			14,000
Transfer of Private Placement Warrants to Level 2 measurement		—			(143,000	)		(143,000	)
Level 3 derivative warrant liabilities as of December 31, 2022		—			—			—
Change in fair value		—			—			—
Level 3 derivative warrant liabilities as of March 31, 2023	$	—		$	—		$	—
Change in fair value		—			—			—
Level 3 derivative warrant liabilities as of June 30, 2023	$	—		$	—		$	—

The following tables set forth by level within the fair value hierarchy the Company’s assets and liabilities that were accounted for at fair value on a recurring basis at June 30, 2023:

	(Level 1)		(Level 2)		(Level 3)
Assets
Cash and marketable securities held in trust account	$	60,198,874	$	—	$	—
Liabilities
Public Warrants	$	284,820	$	—	$	—
Private Placement Warrants	$	—	$	92,000	$	—

The following tables set forth by level within the fair value hierarchy the Company’s assets and liabilities that were accounted for at fair value on a recurring basis at December 31, 2022:

Assets
Cash and marketable securities held in trust account	$	206,879,903	$	—	$	—
Liabilities
Public Warrants	$	446,420	$	—	$	—
Private Placement Warrants	$	—	$	143,000	$	—

The following table presents the changes in the fair value of derivative warrant liabilities as of June 30, 2023 and December 31, 2022:

	Public Warrants			Private Placement Warrants			Total Derivative Warrant Liability
Fair value at August 6, 2021 (inception)		—			—			—
Change in fair value		-			-			-
Derivative warrant liabilities as of December 31, 2021	$	—		$	—		$	—
Initial fair value at issuance		3,521,870			2,258,677			5,780,547
Change in fair value		(1,905,870	)		(1,730,725	)		(3,636,595	)
Derivative warrant liabilities as of March 31, 2022	$	1,616,000		$	527,952		$	2,143,952
Change in fair value		(858,500	)		(280,952	)		(1,139,452	)
Derivative warrant liabilities as of June 30, 2022	$	757,500		$	247,000		$	1,004,500
Change in fair value		(353,500	)		(118,000	)		(471,500	)
Derivative warrant liabilities as of September 30, 2022	$	404,000		$	129,000		$	533,000
Change in fair value		42,420			14,000			56,420
Derivative warrant liabilities as of December 31, 2022	$	446,420		$	143,000		$	589,420
Change in fair value		58,580			20,000			78,580
Derivative warrant liabilities as of March 31, 2023	$	505,000		$	163,000		$	668,000
Change in fair value		(220,180	)		(71,000	)		(291,180	)
Derivative warrant liabilities as of June 30, 2023	$	284,820		$	92,000		$	376,820

Initial Measurement

The Company established the initial fair value for the warrants on February 9, 2022, the date of the completion of the Company’s IPO. The Company used a Black Scholes Merton model to value the warrants. The Company allocated the proceeds received from (i) the sale of Units (which is inclusive of one Class A Ordinary Share, one Public Warrant and one right to receive one-tenth of a Class A ordinary share upon consummation of an initial business combination), (ii) the sale of Private Placement Warrants, and (iii) the issuance of Class B Ordinary Shares, first to the warrants based on their fair values as determined at initial measurement, with the remaining proceeds allocated to Class A Ordinary Shares subject to possible redemption (temporary equity), Class A Ordinary Shares (permanent equity) and Class B Ordinary Shares (permanent equity) based on their relative fair values at the initial measurement date.

The key inputs into the Black Scholes Merton model formula were as follows at February 9, 2022:

	Private Placement
	Warrants
Ordinary Share price	$	9.08
Exercise price	$	11.50
Risk-free rate of interest		1.80	%
Volatility		9.43	%
Term		5.99
Warrant to buy one share	$	0.35
Dividend yield		0.00	%

Subsequent Measurement

The Company values the Private Placement Warrants relative to the market prices of common stock and the Public Warrants, which are both actively traded on a public market. The valuation model for the Private Placement Warrants is a risk-neutral Monte Carlo simulation. As of June 30, 2023, the measurement of the Public Warrants was valued using an observable market quote in an active market under the ticker ATAKW.

The key inputs into the Monte Carlo simulation model were as follows at June 30, 2023 and December 31, 2022:

	June 30,			December 31,
	2023			2022
Ordinary Share price	$	10.62		$	10.23
Exercise price	$	11.50		$	11.50
Risk-free rate of interest		4.07	%		3.94	%
Volatility		0.00	%		0.00	%
Term		5.25			5.50
Warrant to buy one share	$	0.01		$	0.02
Dividend yield		0.00	%		0.00	%

The risk-free interest rate assumption was based on the linearly interpolated Treasury Constant Maturity Rate Curve between five and seven year rates, which was commensurate with the contractual term of the Warrants, which expire on the earlier of (i) six years after the completion of the initial business combination and (ii) upon redemption or liquidation. An increase in the risk-free interest rate, in isolation, would result in an increase in the fair value measurement of the warrant liabilities and vice versa.

NOTE 9. FAIR VALUE MEASUREMENTS

At December 31, 2022 and 2021, the Company’s warrant liability was valued at $589,420 and $0, respectively. Under the guidance in ASC 815-40, the Public Warrants and the Private Placement Warrants do not meet the criteria for equity treatment. As such, the Public Warrants and the Private Placement Warrants must be recorded on the balance sheet at fair value. This valuation is subject to re-measurement at each balance sheet date. With each re-measurement, the valuations will be adjusted to fair value, with the change in fair value recognized in the Company’s statement of operations.

The following table presents fair value information as of December 31, 2022 and 2021, of the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. The Company’s warrant liability is based on a valuation model utilizing management judgment and pricing inputs from observable and unobservable markets with less volume and transaction frequency than active markets. Significant deviations from these estimates and inputs could result in a material change in fair value The fair value of the private warrant liability is classified within Level 3 of the fair value hierarchy. The Company transferred the fair value of Public Warrants and Private Placement Warrants from a Level 3 measurement to a Level 1 and Level 2 measurement, respectively, during the twelve months ended December 31, 2022. The measurement of the Public Warrants as of December 31, 2022 is classified as Level 1 due to the use of an observable market quote in an active market under the ticker ATAKW. The measurement of the Private Placement Warrants as of December 31, 2022 is classified as Level 2 as its value is derived from the directly observable quoted prices of the Public Warrants in active markets.

				Private
	Public			Placement			Warrant
	Warrants			Warrants			Liability
Derivative warrant liabilities at December 31, 2021	$	—		$	—		$	—
Initial fair value at issuance of public and private warrants		3,521,870			2,258,677			5,780,547
Change in fair value		(1,905,870	)		(2,115,677	)		(4,021,547	)
Transfer of Public Warrants to Level 1 measurement		(1,616,000	)		—			(1,616,000	)
Transfer of Private Placement Warrants to Level 2 measurement		—			(143,000	)		(143,000	)
Level 3 derivative warrant liabilities at December 31, 2022	$	—		$	—		$	—

	(Level 1)		(Level 2)		(Level 3)
Assets:
Cash and marketable securities held in Trust Account	$	206,879,903	$	—	$	—
Liabilities:
Public Warrants	$	446,420	$	—	$	—
Private Placement Warrants	$	—	$	143,000		—

The following table presents the changes in the fair value of derivative warrant liabilities as of December 31, 2022 and 2021:

				Private
	Public			Placement			Warrant
	Warrants			Warrants			Liability
Derivative warrant liabilities at December 31, 2021	$	—		$	—		$	—
Initial fair value at issuance		3,521,870			2,258,677			5,780,547
Change in fair value		(3,075,450	)		(2,115,677	)		(5,191,127	)
Derivative warrant liabilities at December 31, 2022	$	446,420		$	143,000		$	589,420

Initial Measurement

The key inputs into the Black Scholes Merton model were as follows at February 9, 2022:

	Private Placement
	Warrants
Ordinary share price	$	9.08
Exercise price	$	11.50
Risk-free rate of interest		1.80	%
Volatility		9.43	%
Term		5.99
Warrant to buy one share	$	0.35
Dividend yield		0.00	%

Subsequent Measurement

The Company values the Private Placement Warrants relative to the market prices of common stock and the Public Warrants, which are both actively traded on a public market. The valuation model for the Private Placement Warrants is a risk-neutral Monte Carlo simulation. As of December 31, 2022, the measurement of the Public Warrants were valued using an observable market quote in an active market under the ticker ATAKW.

The key inputs into the Monte Carlo simulation model were as follows at December 31, 2022:

	Private Placement
	Warrants
Ordinary share price	$	10.23
Exercise price	$	11.50
Risk-free rate of interest		3.94	%
Volatility		0.00	%
Term		5.50
Warrant to buy one share	$	0.02
Dividend yield		0.00	%

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

FAIR VALUE MEASUREMENTS (Details Narrative)	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Feb. 09, 2022	Dec. 31, 2021 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrant liability	$ 376,820	$ 589,420		$ 0
Measurement Input, Share Price [Member] \| Private Placement Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input		10.23	9.08
Measurement Input, Exercise Price [Member] \| Private Placement Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input		11.50	11.50
Measurement Input, Risk Free Interest Rate [Member] \| Private Placement Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input		3.94	1.80
Measurement Input, Price Volatility [Member] \| Private Placement Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input		0.00	9.43
Measurement Input, Expected Term [Member] \| Private Placement Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input		5.50	5.99
Measurement Input Probability [Member] \| Private Placement Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input		0.02	0.35
Measurement Input, Expected Dividend Rate [Member] \| Private Placement Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input		0.00	0.00

SCHEDULE OF EXPECTED BENEFIT PAYMENTS (Details) - DIH Holding US, Inc. [Member] $ in Thousands	Mar. 31, 2023 USD ($)
Restructuring Cost and Reserve [Line Items]
2024	$ 124
2025	129
2026	313
2027	160
2028	164
2029-2033	$ 1,080

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

SCHEDULE OF ESTIMATED ANNUAL AMORTIZATION FOR INTANGIBLE ASSETS (Details) - DIH Holding US, Inc. [Member] - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023
Restructuring Cost and Reserve [Line Items]
Year one	$ 63
Year one	292	$ 84
Year two	464	488
Year three	454	451
Year four	$ 454	442
Year five		$ 442

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

REVENUE RECOGNITION

3 Months Ended

12 Months Ended

Jun. 30, 2023

Mar. 31, 2023

REVENUE RECOGNITION

3. Revenue Recognition

REVENUE RECOGNITION

The Company’s revenues are derived from the sales of medical rehabilitation devices and technology services. The Company’s primary customers include healthcare systems, clinics, third-party healthcare providers, distributors, and other institutions, including governmental healthcare programs and group purchasing organizations.

Disaggregation of Revenue

The Company disaggregates its revenue with customers by category and by geographic region based on customer location, see Note 4 for further information. The following represents the net revenue for the three months ended June 30, 2023 and 2022, based on revenue category:

SCHEDULE OF DISAGGREGATION OF REVENUE

	2023		2022
	For the Three Months Ended June 30,
	2023		2022
Devices	$	10,338	$	5,129
Services		2,609		2,648
Other		227		93
Total revenue, net	$	13,174	$	7,870

The majority of the revenue that is recognized at a point in time was primarily related to the revenues from devices and the majority of the revenue that is recognized over time was related to revenue from services. Other revenue primarily relates to freight and packaging on devices and recognized at a point in time.

Deferred Revenue and Remaining Performance Obligations

Deferred revenue as of June 30, 2023 and March 31, 2023 was $11,991 and $11,656, respectively. During the three months ended June 30, 2023 and 2022, the Company recognized $8,729 and $5,440 of revenue that was included in deferred revenue as of March 31, 2023 and March 31, 2022, respectively. Remaining performance obligations include goods and services that have not yet been delivered or provided under existing, noncancelable contracts with minimum purchase commitments. As of June 30, 2023 and March 31, 2023, the aggregate amount of the contracted revenue allocated to unsatisfied performance obligations was approximately $681 and $3,119, respectively. As of June 30, 2023 and March 31, 2023, the Company expects to recognize revenue on the majority of these remaining performance obligations over the next two years and four years, respectively.

3. Revenue Recognition

REVENUE RECOGNITION

Disaggregation of Revenue

The Company disaggregates its revenue with customers by category and by geographic region based on customer location, see Note 4 for further information. The following represents the net revenue for the years ended March 31, 2023 and 2022, based on revenue category:

SCHEDULE OF DISAGGREGATION OF REVENUE

	2023		2022
	Years Ended March 31,
	2023		2022
				As Restated
Devices	$	43,401	$	39,659
Services		10,293		8,104
Other		1,304		1,275
Total revenue, net	$	54,998	$	49,038

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

Deferred Revenue and Remaining Performance Obligations

Deferred revenue as of March 31, 2023 and 2022 was $11,656 and $7,742, respectively. During the years ended March 31, 2023 and 2022, the Company recognized $5,440 and $6,120 of revenue that was included in deferred revenue as of March 31, 2022 and March 31, 2021, respectively. Remaining performance obligations include goods and services that have not yet been delivered or provided under existing, noncancellable contracts with minimum purchase commitments. As of March 31, 2023 and 2022, the aggregate amount of the contracted revenue allocated to unsatisfied performance obligations was approximately $3,119 and $2,302, respectively. As of March 31, 2023 and 2022, the Company expects to recognize revenue on the majority of these remaining performance obligations over the next four years and three years, respectively.

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Publisher FASB
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Paragraph 12
-Subparagraph (c)
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Section 50
-Paragraph 12
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Name Accounting Standards Codification
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-Subparagraph (b)(2)
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
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-URI https://asc.fasb.org//606/tableOfContent

ORGANIZATION AND PLANS OF BUSINESS OPERATIONS (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Mar. 31, 2023

SCHEDULE OF RESTATEMENT ADJUSTMENT AND OTHER IMMATERIAL ADJUSTMENTS

SCHEDULE OF RESTATEMENT ADJUSTMENT AND OTHER IMMATERIAL ADJUSTMENTS

Combined Statement of Operations
(in thousands)

For the year ended March 31, 2022


	As Previously Reported			Adjustments				As Restated
Revenue	$	48,979		$	59		2	$	49,038
Cost of sales	$	22,750		$	1,514		1	$	24,264
Gross Profit	$	26,229		$	(1,455	)	1,2	$	24,774
Selling and administrative expense	$	27,633		$	(357	)	1	$	27,276
Total operating expenses	$	35,589		$	(357	)	1	$	35,232
Operating Loss	$	(9,360	)	$	(1,098	)	1,2	$	(10,458	)
Loss before income taxes	$	(10,259	)	$	(1,098	)	1,2	$	(11,357	)
Net loss	$	(10,955	)	$	(1,098	)	1,2	$	(12,053	)

Combined Balance Sheet
(in thousands)

As of March 31, 2022


	As Previously Reported			Adjustments				As Restated
Accounts receivables, net	$	6,385		$	59		2	$	6,444
Inventories, net	$	5,559		$	(767	)	1	$	4,792
Total current assets	$	26,142		$	(708	)	1,2	$	25,434
Total assets	$	34,729		$	(708	)	1,2	$	34,021
Accounts payable	$	4,988		$	(1,408	)	2	$	3,580
Advance payments from customers	$	-		$	4,211		2	$	4,211
Accrued expenses and other current liabilities	$	10,749		$	(2,696	)	1,2	$	8,053
Total current liabilities	$	48,735		$	107		1	$	48,842
Total liabilities	$	60,336		$	107		1	$	60,443
Net parent company investment	$	(30,031	)	$	(472	)	1,2	$	(30,503	)
Accumulated other comprehensive income	$	4,424		$	(343	)	1,2	$	4,081
Total (deficit)	$	(25,607	)	$	(815	)	1,2	$	(26,422	)
Total liabilities and (deficit)	$	34,729		$	(708	)	1,2	$	34,021

Combined Statement of Comprehensive Loss
(in thousands)

For the year ended March 31, 2022


	As Previously Reported			Adjustments				As Restated
Net Loss	$	(10,955	)	$	(1,098	)	1,2	$	(12,053	)
Foreign currency translation adjustments, net of tax	$	407		$	283		1	$	690
Other comprehensive income	$	1,712		$	283		1	$	1,995
Comprehensive loss	$	(9,243	)	$	(815	)	1	$	(10,058	)

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

Combined Statement of Changes in Equity (Deficit)
(in thousands)

For the year ended March 31, 2022


	Net Parent Company Investment									Accumulated Other Comprehensive Income
	As Previously Reported			Adjustments			As Restated			As Previously Reported		Adjustments			As Restated
Balance, March 31, 2020	$	(8,046	)	$	626		$	(7,420	)	$	330	$	(626	)	$	(296	)
Net Loss		-			-			-			-		-			-
Balance, March 31, 2021	$	(18,897	)	$	626		$	(18,271	)	$	2,712	$	(626	)	$	2,086
Net Loss	$	(10,955	)	$	(1,098	)	$	(12,053	)	$	-	$	-		$	-
Net income (loss)	$	(10,955	)	$	(1,098	)	$	(12,053	)	$	-	$	-		$	-
Other comprehensive income, net of tax	$	-		$	-		$	-		$	1,712	$	283		$	1,995
Balance, March 31, 2022	$	(30,031	)	$	(472	)	$	(30,503	)	$	4,424	$	(343	)	$	4,081

Combined Statement of Cash Flow
(in thousands)

For the year ended March 31, 2022


	As Previously Reported			Adjustments				As Restated
Net loss	$	(10,955	)	$	(1,098	)	1,2	$	(12,053	)
Pension income	$	1,013		$	(1,295	)	2	$	(282	)
Accounts receivables, net	$	3,521		$	(59	)	2	$	3,462
Inventories	$	2,421		$	768		1	$	3,189
Accounts payable	$	(339	)	$	(770	)	2	$	(1,109	)
Other Liabilities	$	(677	)	$	1,576		1,2	$	899
Advance payments from customers	$	-		$	3,063		2	$	3,063
Accrued expense and other current liabilities	$	838		$	(2,185	)	1,2	$	(1,347	)
Net cash used in operating activities	$	(744	)	$	-			$	(744	)

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

3 Months Ended

12 Months Ended

Jun. 30, 2023

Mar. 31, 2023

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

9. Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities as of June 30, 2023 and March 31, 2023 consisted of the following:

	As of June 30, 2023		As of March 31, 2023
Taxes payable		3,821		3,823
Other payables and current liabilities		7,039		8,588
Total accrued expenses and other current liabilities	$	10,860	$	12,411

9. Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities as of March 31, 2023 and 2022 consisted of the following:

	2023		2022
	As of March 31,
	2023		2022
			As Restated
Taxes payable		3,823		2,657
Other payables and current liabilities		8,588		5,396
Total accrued expenses and other current liabilities	$	12,411	$	8,053

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

OTHER NON-CURRENT LIABILITIES

3 Months Ended

12 Months Ended

Jun. 30, 2023

Mar. 31, 2023

OTHER NON-CURRENT LIABILITIES

10. Other Non-Current Liabilities

OTHER NON-CURRENT LIABILITIES

Other non-current liabilities as of June 30, 2023 and March 31, 2023 consisted of the following:

	As of June 30, 2023		As of March 31, 2023
Provisions	$	1,272	$	1,071
Pension liabilities (Note 13)		2,063		1,677
Total other non-current liabilities	$	3,335	$	2,748

10. Other Non-Current Liabilities

OTHER NON-CURRENT LIABILITIES

Other non-current liabilities as of March 31, 2023 and 2022 consisted of the following:

	2023		2022
	As of March 31,
	2023		2022
Provisions	$	1,071	$	540
Pension liabilities (Note 13)		1,677		2,256
Total other non-current liabilities	$	2,748	$	2,796

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

WARRANTS

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Warrants

WARRANTS

NOTE 7. WARRANTS

The Company accounts for the 26,670,000 warrants that were issued in the IPO (representing 20,200,000 Public Warrants and 6,470,000 Private Placement Warrants) in accordance with the guidance contained in ASC 815-40. Such guidance provides that because the warrants do not meet the criteria for equity treatment thereunder, each warrant must be recorded as a liability. Accordingly, the Company will classify each warrant as a liability at its fair value. This liability is subject to re-measurement at each balance sheet date. With each such re-measurement, the warrant liability will be adjusted to fair value, with the change in fair value recognized in the Company’s statement of operations.

Warrants — Public Warrants may only be exercised for a whole number of Class A ordinary shares. No fractional warrants have been or will be issued upon separation of the Units and only whole warrants will trade. Accordingly, unless holders purchase at least two Units, they will not be able to receive or trade a whole warrant. The Public Warrants will become exercisable 30 days after the completion of a Business Combination.

The Company will not be obligated to deliver any Class A Ordinary Shares pursuant to the exercise of a Public Warrant and will have no obligation to settle such Public Warrant exercise unless a registration statement under the Securities Act with respect to the Class A Ordinary Shares issuable upon exercise of the Public Warrants is then effective and a prospectus relating thereto is current, subject to the Company satisfying its obligations with respect to registration, or a valid exemption from registration is available. No Public Warrant will be exercisable, and the Company will not be obligated to issue any Class A Ordinary Shares upon exercise of a Public Warrant unless the Class A Ordinary Share issuable upon such Public Warrant exercise has been registered, qualified or deemed to be exempt under the securities laws of the state of residence of the registered holder of the Public Warrants.

The Company has agreed that as soon as practicable, but in no event later than 20 business days after the closing of a Business Combination, it will use its commercially reasonable efforts to file with the SEC a post-effective amendment to the registration statement of which this prospectus forms a part or a new registration statement covering the registration under the Securities Act of the Class A Ordinary Shares issuable upon exercise of the Public Warrants, and the Company will use its commercially reasonable efforts to cause the same to become effective within 60 business days after the closing of a Business Combination, and to maintain the effectiveness of such registration statement and a current prospectus relating to those Class A Ordinary Shares until the Public Warrants expire or are redeemed, as specified in the warrant agreement; provided that if the Class A Ordinary Shares is at the time of any exercise of a Public Warrant not listed on a national securities exchange such that they satisfy the definition of a “covered security” under Section 18(b)(1) of the Securities Act, the Company may, at its option, require holders of Public Warrants who exercise their warrants to do so on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act and, in the event the Company so elects, the Company will not be required to file or maintain in effect a registration statement, but it will use its commercially reasonably efforts to register or qualify the shares under applicable blue sky laws to the extent an exemption is not available. If a registration statement covering the Class A Ordinary Shares issuable upon exercise of the Public Warrants is not effective by the 60th day after the closing of a Business Combination, Public Warrant holders may, until such time as there is an effective registration statement and during any period when the Company will have failed to maintain an effective registration statement, exercise Public Warrants on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act or another exemption, but the Company will use its commercially reasonably efforts to register or qualify the shares under applicable blue sky laws to the extent an exemption is not available.

Redemption of warrants:

Once the warrant become exercisable, the Company may redeem the outstanding warrants:

	●	in whole and not in part;

	●	at a price of $0.01 per warrant;

	●	upon not less than 30 days’ prior written notice of redemption to each warrant holder; and

	●	if, and only if, the last sale price of our ordinary shares equals or exceeds $18.00 per share (as adjusted for share sub-divisions, share dividends, reorganizations, recapitalizations and the like) for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which we send the notice of redemption to the warrant holder.

In addition, if (x) the Company issues additional Class A Ordinary Shares or equity-linked securities for capital raising purposes in connection with the closing of a Business Combination at an issue price or effective issue price of less than $9.20 per Class A Ordinary Share (with such issue price or effective issue price to be determined in good faith by the Company’s board of directors and, in the case of any such issuance to the Sponsor or its affiliates, without taking into account any Founder Shares held by the Sponsor or such affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of a Business Combination on the date of the consummation of a Business Combination (net of redemptions), and (z) the volume weighted average trading price of the Class A ordinary shares during the 20 trading day period starting on the trading day prior to the day on which the Company consummates a Business Combination (such price, the “Market Value”) is below $9.20 per share, then the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price, the $18.00 per share redemption trigger price described above (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price.

The Private Placement Warrants will be identical to the Public Warrants underlying the Units being sold in the IPO, except that the Private Placement Warrants and the Class A Ordinary Shares issuable upon the exercise of the Private Placement Warrants will not be transferable, assignable or saleable until 30 days after the completion of a Business Combination, subject to certain limited exceptions. Additionally, the Private Placement Warrants will be exercisable for cash or on a cashless basis, at the holder’s option, and be non-redeemable so long as they are held by the initial purchasers or their permitted transferees (except for a number of Class A Ordinary Shares as described above under Redemption of warrants for Class A Ordinary Shares). If the Private Placement Warrants are held by someone other than the initial purchasers or their permitted transferees, the Private Placement Warrants will be redeemable by the Company in all redemption scenarios and exercisable by such holders on the same basis as the Public Warrants.

NOTE 7. WARRANTS

Warrants – Public Warrants may only be exercised for a whole number of Class A ordinary shares. No fractional warrants have been or will be issued upon separation of the Units and only whole warrants will trade. Accordingly, unless holders purchase at least two Units, they will not be able to receive or trade a whole warrant. The Public Warrants will become exercisable 30 days after the completion of a Business Combination.

The Company has agreed that as soon as practicable, but in no event later than 20 business days after the closing of a Business Combination, it will use its commercially reasonable efforts to file with the SEC a post-effective amendment to the registration statement of which this prospectus forms a part or a new registration statement covering the registration under the Securities Act of the Class A Ordinary Shares issuable upon exercise of the Public Warrants, and the Company will use its commercially reasonable efforts to cause the same to become effective within 60 business days after the closing of a Business Combination, and to maintain the effectiveness of such registration statement and a current prospectus relating to those Class A Ordinary Shares until the Public Warrants expire or are redeemed, as specified in the ATAK Warrant Agreement; provided that if the Class A Ordinary Shares is at the time of any exercise of a Public Warrant not listed on a national securities exchange such that they satisfy the definition of a “covered security” under Section 18(b)(1) of the Securities Act, the Company may, at its option, require holders of Public Warrants who exercise their warrants to do so on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act and, in the event the Company so elects, the Company will not be required to file or maintain in effect a registration statement, but it will use its commercially reasonably efforts to register or qualify the shares under applicable blue sky laws to the extent an exemption is not available. If a registration statement covering the Class A Ordinary Shares issuable upon exercise of the

Public Warrants is not effective by the 60th day after the closing of a Business Combination, Public Warrant holders may, until such time as there is an effective registration statement and during any period when the Company will have failed to maintain an effective registration statement, exercise Public Warrants on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act or another exemption, but the Company will use its commercially reasonably efforts to register or qualify the shares under applicable blue sky laws to the extent an exemption is not available.

Redemption of warrants:

Once the warrant become exercisable, the Company may redeem the outstanding warrants:

	●	in whole and not in part;

	●	at a price of $0.01 per warrant;

	●	upon not less than 30 days’ prior written notice of redemption to each warrant holder; and

	●	if, and only if, the last sale price of our ordinary shares equals or exceeds $18.00 per share (as adjusted for share sub-divisions, share dividends, reorganizations, recapitalizations and the like) for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which we send the notice of redemption to the warrant holder.

Combined Statements of Comprehensive Loss (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
DIH Holding US, Inc. [Member]
Restructuring Cost and Reserve [Line Items]
Foreign currency translation, net of tax provision	$ 65	$ 88

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)			3 Months Ended				6 Months Ended		12 Months Ended
	Feb. 01, 2023	Feb. 09, 2022	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Oct. 31, 2022	Dec. 31, 2021
Product Information [Line Items]
Cash equivalents			$ 0				$ 0			$ 0			$ 0
Net proceeds amount								$ 204,020,000
Percentage of public shares to be redeemed in case business combination is not consummated			100.00%				100.00%			100.00%
Overallotment option liability		$ 258,440
Issuance of representative shares		3,030,000				$ 3,030,000				$ 3,030,000
Rights underlying the Units		15,596,420				$ 15,596,420				15,596,420
Accumulated deficit			$ (10,473,044)				$ (10,473,044)			(7,621,413)			$ (9,963)
Redemption of Class A ordinary shares, shares	14,529,877
Redemption of Class A ordinary shares, value	$ 149,322,133
Federal depository insurance coverage			250,000				250,000			$ 250,000
DIH Holding US, Inc. [Member]
Product Information [Line Items]
Accumulated deficit			32,758	$ 29,054			$ 32,758		$ 29,054
Foreign exchange (gain) loss			703,000		$ (501,000)				(667,000)		$ 292,000
Foreign exchange (gain) loss			(703,000)		$ 501,000				$ 667,000		$ (292,000)
Lessor, Operating Lease, Description									The Company has elected not to recognize right-of-use assets and liability for leases with a term of 12 months or less unless the lease includes an option to renew or purchase the underlying asset that are reasonably certain to be exercised
Total cost of the asset acquisition												$ 800,000
Acquisition cost paid upon closing												$ 100,000
Subsequent payments									$ 500,000
DIH Holding US, Inc. [Member] \| Forecast [Member]
Product Information [Line Items]
Subsequent payments			$ 200,000
DIH Holding US, Inc. [Member] \| Software [Member]
Product Information [Line Items]
Computer software and hardware				5 years					5 years
DIH Holding US, Inc. [Member] \| Revenues [Member] \| Trade And Accounts Receivable [Member] \| Customer Concentration Risk [Member]
Product Information [Line Items]
Concentration risk percent			10.00%						10.00%
DIH Holding US, Inc. [Member] \| Trade And Accounts Receivable [Member] \| One Customers [Member] \| Customer Concentration Risk [Member]
Product Information [Line Items]
Concentration risk percent			10.10%						11.10%
DIH Holding US, Inc. [Member] \| Accounts Receivable [Member] \| One Customers [Member] \| Customer Concentration Risk [Member]
Product Information [Line Items]
Concentration risk percent			17.10%		11.10%				11.30%		12.60%
DIH Holding US, Inc. [Member] \| Accounts Receivable [Member] \| No Customers [Member] \| Customer Concentration Risk [Member]
Product Information [Line Items]
Concentration risk percent					10.00%						10.00%
Warrant [Member]
Product Information [Line Items]
Class of warrants or rights warrants issued during the period units							26,670,000			26,670,000
Common Class A [Member]
Product Information [Line Items]
Shares outstanding	5,670,123		5,670,123				5,670,123			20,200,000			0
If We Do Not Complete Our Initial Business Combination [Member]
Product Information [Line Items]
Period within which business combination shall be consummated from the consummation of initial public offer							24 months			12 months
Absent Our Completing An Initial Business Combination [Member]
Product Information [Line Items]
Period within which business combination shall be consummated from the consummation of initial public offer							24 months			12 months
IPO [Member]
Product Information [Line Items]
Net proceeds amount		$ 204,020,000
Term of restricted investments		185 days
Period within which business combination shall be consummated from the consummation of initial public offer		24 months
Offering costs		$ 29,192,787
Underwriting fees		2,525,000
Deferred underwriting fees		7,070,000
Actual offering costs		712,927
Accumulated deficit		265,808
Adjustments to additional paid in capital, warrant issued		$ 10,300,559
IPO [Member] \| Private Placement Warrant [Member]
Product Information [Line Items]
Class of warrants or rights warrants issued during the period units							6,470,000			6,470,000

LINES OF CREDIT AND LONG-TERM DEBT (Tables)

3 Months Ended

12 Months Ended

Jun. 30, 2023

Mar. 31, 2023

SCHEDULE OF AGGREGATE ANNUAL MATURITIES OF LONG-TERM DEBT

The following table presents the aggregate annual maturities of long-term debt as of June 30, 2023:

	Amount
Remainder of 2024	$	1,247
2025		505
Total		1,752
Less: current portion		1,752
Total long-term debt	$	—

Aggregate annual maturities of long-term debt are as follows for the years ending March 31:

	Amount
Years Ending March 31,
2024	$	1,514
2025		489
Total		2,003
Less: current portion		489
Total long-term debt	$	1,514

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

OTHER CURRENT ASSETS (Tables)

3 Months Ended

12 Months Ended

Jun. 30, 2023

Mar. 31, 2023

SCHEDULE OF OTHER CURRENT ASSETS

Other current assets as of June 30, 2023 and March 31, 2023 consisted of the following:

SCHEDULE OF OTHER CURRENT ASSETS

	As of June 30, 2023		As of March 31, 2023
Other receivables	$	2,263	$	1,963
Other current assets		2,924		3,247
Total other current assets	$	5,187	$	5,210

Other current assets as of March 31, 2023 and 2022 consisted of the following:

SCHEDULE OF OTHER CURRENT ASSETS

	2023		2022
	As of March 31,
	2023		2022
Other receivables	$	1,963	$	1,885
Other current assets		3,247		1,026
Total other current assets	$	5,210	$	2,911

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

ORGANIZATION AND PLANS OF BUSINESS OPERATIONS (Details Narrative)				3 Months Ended			5 Months Ended	6 Months Ended		12 Months Ended
	Feb. 26, 2023 USD ($) TradingDays $ / shares shares	Feb. 03, 2023	Feb. 09, 2022 USD ($) $ / shares shares	Jun. 30, 2023 USD ($) $ / shares	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($) $ / shares	Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2022 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($) $ / shares shares	Mar. 31, 2022 USD ($)
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Over-allotment option liability			$ 258,440
Issuance of representative shares			3,030,000			$ 3,030,000					$ 3,030,000
Rights underlying the Units			15,596,420			15,596,420					15,596,420
Operating cash			$ 1,468,333	$ 6,193				$ 6,193			$ 191,103
Net proceeds amount									$ 204,020,000
Total amount deposited in trust account to fund the extensions				$ 675,000				$ 675,000
Percentage of fair market value of target business to asset held in trust account				80.00%				80.00%			80.00%
Banking regulation, mortgage banking, net worth, minimum				$ 5,000,001				$ 5,000,001			$ 5,000,001
Business combination extension of business combination period								extends the period of time to consummate the initial Business Combination up to six times, each by an additional one month (for a total of up to 24 months from the date of the Initial Public Offering to complete the Business Combination),			extend the period of time to consummate the initial Business Combination up to two times, each by an additional three months (for a total of up to 18 months to complete the Business Combination),
Number of days within which public shares shall be redeemed								10 days			10 days
Expenses payable on dissolution				50,000				$ 50,000			$ 50,000
Working capital surplus deficit				(3,025,689)				(3,025,689)			38,542
Stock shares issued during the period for services shares							$ 25,000
Cash and cash equivalents				6,193			65,373	6,193			191,103
Accumulated deficit				(10,473,044)			$ (9,963)	(10,473,044)			$ (7,621,413)
Revenue from services												$ 49,038,000
DIH Holding US, Inc. [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Aggregate consideration amount	$ 250,000,000
Issued price per share \| $ / shares	$ 10.00
Cash and cash equivalents				1,506,000	$ 2,163,000	$ 3,308,000		1,506,000	$ 2,163,000	$ 5,560,000		3,308,000
Accumulated deficit				$ 32,758				$ 32,758		$ 29,054
Gross rerevenue increased percentage				67.40%				67.40%		12.20%
Gross revenue				$ 13,174,000	7,870,000
Gross revenue				13,174,000	7,870,000					$ 54,998,000		49,038,000
Revenue from services				13,174,000	7,870,000					54,998,000		49,038,000
Pension transition obligation												632,000
DIH Holding US, Inc. [Member] \| Service [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Gross revenue				$ 2,609,000	$ 2,648,000					$ 10,293,000		8,104,000
Revenue from services												$ 59,000
Amendment No One To Investment Management Trust Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Description of business combination extended period terms		Company to extend the date by which it has to consummate a business combination six times for an additional one month each time from February 9, 2023 to August 9, 2023, extending the Combination period up to 24 months, if applicable, by depositing into the Trust Account for each one-month extension the lesser of $135,000 or $0.045 per share multiplied by the number of public shares then outstanding.
Sponsor [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Minimum Public Share price due to reductions in the value of the trust assets less taxes payable \| $ / shares				$ 10.10				$ 10.10			$ 10.10
Sponsor [Member] \| Private Placement Warrant [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Class of warrants or rights warrants issued during the period units \| shares			6,470,000
Class of warrants or rights warrants issued issue price per warrant \| $ / shares			$ 1.00
Proceeds from issuance of warrants			$ 6,470,000
Common Class A [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares Price \| $ / shares			$ 10.00
Proceeds from issuance initial public offering			$ 202,000,000
Common stock, par or stated value per share \| $ / shares				0.0001			$ 0.0001	0.0001			0.0001
Common Class A [Member] \| DIH Holding US, Inc. [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Additional shares received \| shares	6,000,000
Shares Price \| $ / shares	$ 12.00
Issued price per share \| $ / shares	$ 10.00
Earnout shares \| shares	1,000,000,000
Trading days \| TradingDays	20
Common Class A [Member] \| DIH Holding US, Inc. [Member] \| Stockholders [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Additional shares received \| shares	6,000,000
Common Class B [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Common stock, par or stated value per share \| $ / shares				0.0001			$ 0.0001	$ 0.0001			$ 0.0001
Common Class B [Member] \| Sponsor [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Stock shares issued during the period for services shares								$ 25,000			$ 25,000
Common stock, par or stated value per share \| $ / shares				$ 0.0001				$ 0.0001			$ 0.0001
Common Class A One[Member] \| DIH Holding US, Inc. [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares Price \| $ / shares	$ 13.50
Earnout shares \| shares	1,333,333,000
Trading days \| TradingDays	20
Common Class A Two [Member] \| DIH Holding US, Inc. [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares Price \| $ / shares	$ 15.00
Earnout shares \| shares	1,666,667,000
Trading days \| TradingDays	20
Common Class A Three [Member] \| DIH Holding US, Inc. [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares Price \| $ / shares	$ 16.50
Earnout shares \| shares	2,000,000,000
Trading days \| TradingDays	20
IPO [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Additional shares received \| shares								303,000			303,000
Transaction costs			29,192,787
Underwriting discount			2,525,000
Deferred underwriting fees			7,070,000
Actual offering costs			712,927
Net proceeds amount			$ 204,020,000
Share price \| $ / shares			$ 10.10
Term of restricted investments			185 days
Period within which business combination shall be consummated from the consummation of initial public offer			24 months
Accumulated deficit			$ 265,808
IPO [Member] \| Minimum [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Period within which business combination shall be consummated from the consummation of initial public offer			12 months
IPO [Member] \| Maximum [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Period within which business combination shall be consummated from the consummation of initial public offer			18 months
IPO [Member] \| Private Placement Warrant [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Class of warrants or rights warrants issued during the period units \| shares								6,470,000			6,470,000
IPO [Member] \| Common Class A [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Additional shares received \| shares			20,200,000
Over-Allotment Option [Member] \| Common Class A [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Additional shares received \| shares			200,000
Shares Price \| $ / shares			$ 10.00

SCHEDULE OF RECONCILIATION INCOME TAX EXPENSE (Details) - DIH Holding US, Inc. [Member]	3 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023	Mar. 31, 2022
Restructuring Cost and Reserve [Line Items]
Tax expense computed at federal statutory rate			21.00%	21.00%
State tax			(273.00%)	2.00%
Change in valuation allowance			2245.50%	(21.60%)
Foreign rate differential			(195.50%)	0.70%
Non-deductible expenses			1426.30%	(5.60%)
Penalties			1124.00%	(2.00%)
Other			(2.40%)	(0.40%)
Total income tax expense	7.20%	18.80%	4345.90%	(5.90%)

SCHEDULE OF LEASE EXPENSE (Details) - DIH Holding US, Inc. [Member] - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023	Mar. 31, 2022
Restructuring Cost and Reserve [Line Items]
Fixed operating lease costs	$ 494	$ 471	$ 1,939	$ 1,882
Short-term lease costs	40	5		23
Total lease cost	$ 534	$ 476	$ 1,939	$ 1,905

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

SUMMARY OF TEMPORARY EQUITY (Details) - USD ($)		3 Months Ended	6 Months Ended	12 Months Ended
SUMMARY OF TEMPORARY EQUITY (Details) - USD ($)	Feb. 01, 2023	Mar. 31, 2023	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Redemption of Class A ordinary shares	$ 149,322,133
Class A ordinary shares subject to possible redemption			$ 60,198,874	$ 206,879,903
Common Class A Subject To Redemption [Member]
Gross proceeds from initial public offering			202,000,000	202,000,000
Offering costs allocated to Class A ordinary shares subject to possible redemption			(13,079,620)	(13,079,620)
Fair value allocated to rights			(15,596,420)	(15,596,420)
Redemption of Class A ordinary shares			(149,322,133)
Re-measurement of Class A ordinary shares subject to possible redemption			35,507,594	32,866,490
Class A ordinary shares subject to possible redemption			60,198,874	206,879,903
Common Class A Subject To Redemption [Member] \| Public Warrants [Member]
Proceeds allocated to public warrants			(3,521,870)	(3,521,870)
Common Class A Subject To Redemption [Member] \| Private Placement Warrants [Member]
Proceeds allocated to private warrants			$ 4,211,323	$ 4,211,323

Condensed Balance Sheets - USD ($)	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 6,193		$ 191,103		$ 65,373
Prepaid expenses – current	84,597		284,597
Total current assets	90,790		475,700		65,373
Non-current assets:
Cash and marketable securities held in Trust Account	60,198,874		206,879,903
Deferred offering costs					307,402
Total non-current assets	60,198,874		206,879,903		307,402
Total assets	60,289,664		207,355,603		372,775
Current liabilities:
Accounts payable	434,496		30,132
Accrued expenses	1,781,983		357,026
Accounts payable and accrued expenses			387,158		9,947
Accrued offering costs	50,000		50,000		104,990
Total current liabilities	3,116,479		437,158		357,738
Non-current liabilities:
Warrant liabilities	376,820		589,420
Deferred underwriter fee payable	7,070,000		7,070,000
Total non-current liabilities	7,446,820		7,659,420
Total liabilities	10,563,299		8,096,578		357,738
Commitments and contingencies (Note 15)
Class A ordinary shares subject to possible redemption; $0.0001 par value; 500,000,000 shares authorized; 20,200,000 and no shares issued and outstanding subject to possible redemption at December 31, 2022 and 2021, at redemption value of $10.24 and $0 per share, respectively	60,198,874		206,879,903
Equity (Deficit):
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding
Additional paid-in capital					24,425
Accumulated deficit	(10,473,044)		(7,621,413)		(9,963)
Net parent company investment
Accumulated other comprehensive income
Total (deficit)	(10,472,509)	$ (9,521,134)	(7,620,878)	$ (8,267,493)	15,037
Total liabilities and (deficit)	60,289,664		207,355,603		372,775
DIH Holding US, Inc. [Member]
Current assets:
Cash and cash equivalents	1,506,000	5,560,000		3,308,000
Restricted cash	495,000	415,000		379,000
Accounts receivable, net of allowances of $1,771 and $1,091 respectively	5,775,000	6,079,000		6,444,000
Inventories, net	7,760,000	6,121,000		4,792,000
Due from related party	420,000	7,400,000		7,600,000
Other current assets	5,187,000	5,210,000		2,911,000
Total current assets	21,143,000	30,785,000		25,434,000
Non-current assets:
Property, and equipment, net	746,000	826,000		909,000
Capitalized software, net	2,257,000	2,203,000		2,176,000
Other intangible assets, net	380,000	380,000
Operating lease, right-of-use assets, net	5,134,000	3,200,000		4,807,000
Deferred tax assets		1,000		618,000
Other assets	46,000	39,000		77,000
Total assets	29,706,000	37,434,000		34,021,000
Current liabilities:
Accounts payable	4,078,000	3,200,000		3,580,000
Employee compensation	3,501,000	3,678,000		3,916,000
Due to related party	184,000	7,322,000		5,547,000
Current maturities of long-term debt	1,752,000	1,514,000		1,267,000
Revolving credit facilities	12,033,000	12,976,000		15,812,000
Current portion of deferred revenue	7,146,000	9,374,000		4,713,000
Current portion of long-term operating lease	1,667,000	1,255,000		1,743,000
Advance payments from customers	9,171,000	6,878,000		4,211,000
Accrued expenses and other current liabilities	10,860,000	12,411,000		8,053,000
Total current liabilities	50,392,000	58,608,000		48,842,000
Non-current liabilities:
Long-term debt, net of current maturities		489,000		1,707,000
Non-current deferred revenues	4,845,000	2,282,000		3,029,000
Long-term operating lease	3,492,000	1,970,000		3,099,000
Deferred tax liabilities	400,000	391,000		970,000
Other non-current liabilities	3,335,000	2,748,000		2,796,000
Total liabilities	62,464,000	66,488,000		60,443,000
Equity (Deficit):
Accumulated deficit	32,758	29,054
Net parent company investment	(36,363,000)	(32,977,000)		(30,503,000)
Accumulated other comprehensive income	3,605,000	3,923,000		4,081,000
Total (deficit)	(32,758,000)	(29,054,000)		(26,422,000)
Total liabilities and (deficit)	29,706,000	$ 37,434,000		$ 34,021,000
Common Class A [Member]
Equity (Deficit):
Ordinary shares	30		30
Common Class B [Member]
Equity (Deficit):
Ordinary shares	505		505		575
Related Party [Member]
Current liabilities:
Promissory note – related party	$ 850,000				$ 242,801

SCHEDULE OF ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) - DIH Holding US, Inc. [Member] - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023	Mar. 31, 2022
Restructuring Cost and Reserve [Line Items]
Taxes payable	$ 3,821	$ 3,823	$ 2,657
Other payables and current liabilities	7,039	8,588	5,396
Total accrued expenses and other current liabilities	$ 10,860	$ 12,411	$ 8,053

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

OTHER NON-CURRENT LIABILITIES (Tables)

3 Months Ended

12 Months Ended

Jun. 30, 2023

Mar. 31, 2023

SUMMARY OF OTHER NON-CURRENT LIABILITIES

Other non-current liabilities as of June 30, 2023 and March 31, 2023 consisted of the following:

	As of June 30, 2023		As of March 31, 2023
Provisions	$	1,272	$	1,071
Pension liabilities (Note 13)		2,063		1,677
Total other non-current liabilities	$	3,335	$	2,748

Other non-current liabilities as of March 31, 2023 and 2022 consisted of the following:

	2023		2022
	As of March 31,
	2023		2022
Provisions	$	1,071	$	540
Pension liabilities (Note 13)		1,677		2,256
Total other non-current liabilities	$	2,748	$	2,796

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

INVENTORIES, NET

3 Months Ended

12 Months Ended

Jun. 30, 2023

Mar. 31, 2023

INVENTORIES, NET

5. Inventories, Net

INVENTORIES, NET

As of June 30, 2023 and March 31, 2023, inventories, net, consisted of the following:

SCHEDULE OF INVENTORIES, NET

	As of June 30, 2023			As of March 31, 2023
Raw materials and spare parts	$	6,400		$	5,908
Work in process		1,788			1,146
Finished goods		1,761			593
Less: reserves		(2,189	)		(1,526	)
Total inventories, net	$	7,760		$	6,121

5. Inventories, Net

INVENTORIES, NET

As of March 31, 2023 and 2022, inventories, net, consisted of the following:

SCHEDULE OF INVENTORIES, NET

	2023			2022
	As of March 31,
	2023			2022
				As Restated
Raw materials and spare parts	$	5,908		$	5,108
Work in process		1,146			1,362
Finished goods		593			1,489
Less: reserves		(1,526	)		(3,167	)
Total inventories, net	$	6,121		$	4,792

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

SCHEDULE OF DISAGGREGATION OF REVENUE (Details) - DIH Holding US, Inc. [Member] - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023	Mar. 31, 2022
Disaggregation of Revenue [Line Items]
Other	$ 13,174	$ 7,870	$ 54,998	$ 49,038
Total revenue, net	13,174	7,870	54,998	49,038
Devices [Member]
Disaggregation of Revenue [Line Items]
Other	10,338	5,129	43,401	39,659
Total revenue, net	10,338	5,129	43,401	39,659
Service [Member]
Disaggregation of Revenue [Line Items]
Other	2,609	2,648	10,293	8,104
Total revenue, net	2,609	2,648	10,293	8,104
Other [Member]
Disaggregation of Revenue [Line Items]
Other	227	93	1,304	1,275
Total revenue, net	$ 227	$ 93	$ 1,304	$ 1,275

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479941/924-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
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-Subparagraph (a)
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

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SCHEDULE OF AMOUNTS RECOGNIZED IN OTHER COMPREHENSIVE INCOME (Details) - DIH Holding US, Inc. [Member] - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Restructuring Cost and Reserve [Line Items]
Net loss (gain)	$ 294	$ (1,445)
Prior service cost	136	140
Other comprehensive loss (income)	$ 430	$ (1,305)

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Condensed Statements of Changes in Shareholders' Deficit - USD ($)	Ordinary Shares Subject To Possible Redemption [Member] Common Class A [Member]	Common Stock [Member] Common Class A [Member]	Common Stock [Member] Common Class B [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Net Parent Company Investment [Member] DIH Holding US, Inc. [Member]	AOCI Attributable to Parent [Member] DIH Holding US, Inc. [Member]	DIH Holding US, Inc. [Member]	Total
Balance, value at Mar. 31, 2020						$ (7,420,000)	$ (296,000)
Net income (loss)
Balance, value at Mar. 31, 2021						(18,271,000)	2,086,000	$ (16,185,000)
Net income (loss)						(12,053,000)		(12,053,000)	$ (12,053,000)
Other comprehensive loss, net of tax							1,995,000	1,995,000
Net transactions with parent						(179,000)		(179,000)
Balance, value at Mar. 31, 2022	$ 204,020,000	$ 30	$ 505		$ (8,268,028)	(30,503,000)	4,081,000	(26,422,000)	(8,267,493)
Balance, shares at Mar. 31, 2022	20,200,000	303,000	5,050,000
Balance, value at Aug. 05, 2021
Balance, shares at Aug. 05, 2021
Net income (loss)					(9,963)				(9,963)
Issuance of Class B ordinary shares to Sponsor			$ 575	24,425					25,000
Issuance of Class B ordinary shares to Sponsor, shares			5,750,000
Balance, value at Dec. 31, 2021			$ 575	24,425	(9,963)				15,037
Balance, shares at Dec. 31, 2021			5,750,000
Remeasurement of Class A ordinary shares to redemption value at IPO	$ 30,006,587			(18,650,885)	(11,355,702)				(30,006,587)
Net income (loss)					3,097,637				3,097,637
Issuance of Class A ordinary shares	$ 174,013,413
Issuance of Class A ordianry shares, shares	20,200,000
Forfeiture of Class B ordinary shares issued to Sponsor			$ (70)	70
Forfeiture of Class B shares issued to Sponsor, shares			(700,000)
Issuance of representative shares		$ 30		3,029,970					3,030,000
Issuance of Representative Shares, shares		303,000
Rights underlying the Units				15,596,420					15,596,420
Balance, value at Mar. 31, 2022	$ 204,020,000	$ 30	$ 505		(8,268,028)	(30,503,000)	4,081,000	(26,422,000)	(8,267,493)
Balance, shares at Mar. 31, 2022	20,200,000	303,000	5,050,000
Balance, value at Dec. 31, 2021			$ 575	24,425	(9,963)				15,037
Balance, shares at Dec. 31, 2021			5,750,000
Net income (loss)									4,296,557
Balance, value at Jun. 30, 2022	$ 204,273,141	$ 30	$ 505		(7,322,249)	(34,468,000)	4,713,000	(29,755,000)	(7,321,714)
Balance, shares at Jun. 30, 2022	20,200,000	303,000	5,050,000
Balance, value at Dec. 31, 2021			$ 575	24,425	(9,963)				15,037
Balance, shares at Dec. 31, 2021			5,750,000
Remeasurement of Class A ordinary shares to redemption value at IPO	$ 32,866,490			(18,650,885)	(14,215,605)				(32,866,490)
Net income (loss)					6,604,155				6,604,155
Issuance of Class A ordinary shares	$ 174,013,413
Issuance of Class A ordianry shares, shares	20,200,000
Forfeiture of Class B ordinary shares issued to Sponsor			$ (70)	70
Forfeiture of Class B shares issued to Sponsor, shares			(700,000)
Issuance of representative shares		$ 30		3,029,970					3,030,000
Issuance of Representative Shares, shares		303,000
Rights underlying the Units				15,596,420					15,596,420
Balance, value at Dec. 31, 2022	$ 206,879,903	$ 30	$ 505		(7,621,413)				(7,620,878)
Balance, shares at Dec. 31, 2022	20,200,000	303,000	5,050,000
Balance, value at Mar. 31, 2022	$ 204,020,000	$ 30	$ 505		(8,268,028)	(30,503,000)	4,081,000	(26,422,000)	(8,267,493)
Balance, shares at Mar. 31, 2022	20,200,000	303,000	5,050,000
Remeasurement of Class A ordinary shares to redemption value at IPO	$ 253,141				(253,141)				(253,141)
Net income (loss)					1,198,920	(3,958,000)		(3,958,000)	1,198,920
Other comprehensive loss, net of tax							632,000	632,000
Net transactions with parent						(7,000)		(7,000)
Balance, value at Jun. 30, 2022	$ 204,273,141	$ 30	$ 505		(7,322,249)	(34,468,000)	4,713,000	(29,755,000)	(7,321,714)
Balance, shares at Jun. 30, 2022	20,200,000	303,000	5,050,000
Balance, value at Mar. 31, 2022	$ 204,020,000	$ 30	$ 505		(8,268,028)	(30,503,000)	4,081,000	(26,422,000)	(8,267,493)
Balance, shares at Mar. 31, 2022	20,200,000	303,000	5,050,000
Net income (loss)						(2,361,000)		(2,361,000)
Other comprehensive loss, net of tax							(158,000)	(158,000)
Net transactions with parent						(113,000)		(113,000)
Balance, value at Mar. 31, 2023	$ 59,096,655	$ 30	$ 505		(9,521,669)	(32,977,000)	3,923,000	(29,054,000)	(9,521,134)
Balance, shares at Mar. 31, 2023	5,670,123	303,000	5,050,000
Balance, value at Dec. 31, 2022	$ 206,879,903	$ 30	$ 505		(7,621,413)				(7,620,878)
Balance, shares at Dec. 31, 2022	20,200,000	303,000	5,050,000
Redemption of Class A ordinary shares	$ (149,322,133)
Redemption of Class A ordinary shares, shares	(14,529,877)
Remeasurement of Class A ordinary shares to redemption value at IPO	$ 1,538,885				(1,538,885)				(1,538,885)
Net income (loss)					(361,371)	(3,362,000)			(361,371)
Balance, value at Mar. 31, 2023	$ 59,096,655	$ 30	$ 505		(9,521,669)	(32,977,000)	3,923,000	(29,054,000)	(9,521,134)
Balance, shares at Mar. 31, 2023	5,670,123	303,000	5,050,000
Balance, value at Dec. 31, 2022	$ 206,879,903	$ 30	$ 505		(7,621,413)				(7,620,878)
Balance, shares at Dec. 31, 2022	20,200,000	303,000	5,050,000
Net income (loss)									(210,527)
Balance, value at Jun. 30, 2023	$ 60,198,874	$ 30	$ 505		(10,473,044)	(36,363,000)	3,605,000	(32,758,000)	(10,472,509)
Balance, shares at Jun. 30, 2023	5,670,123	303,000	5,050,000
Balance, value at Mar. 31, 2023	$ 59,096,655	$ 30	$ 505		(9,521,669)	(32,977,000)	3,923,000	(29,054,000)	(9,521,134)
Balance, shares at Mar. 31, 2023	5,670,123	303,000	5,050,000
Remeasurement of Class A ordinary shares to redemption value at IPO	$ 1,102,219				(1,102,219)				(1,102,219)
Net income (loss)					150,844	(3,362,000)		(3,362,000)	150,844
Other comprehensive loss, net of tax							(318,000)	(318,000)
Net transactions with parent						(24,000)		(24,000)
Balance, value at Jun. 30, 2023	$ 60,198,874	$ 30	$ 505		$ (10,473,044)	$ (36,363,000)	$ 3,605,000	$ (32,758,000)	$ (10,472,509)
Balance, shares at Jun. 30, 2023	5,670,123	303,000	5,050,000

SCHEDULE OF PROPERTY AND EQUIPMENT NET (Details) - DIH Holding US, Inc. [Member]	12 Months Ended
	Mar. 31, 2023
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Property, Plant and Equipment, Dispositions	Shorter of remaining lease term or estimated useful life
Property, Plant, and Equipment, Useful Life, Term, Description [Extensible Enumeration]	Leasehold Improvements [Member]
Computer Equipment [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Leasehold improvements	3 years
Machinery and Equipment [Member] \| Minimum [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Leasehold improvements	5 years
Machinery and Equipment [Member] \| Maximum [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Leasehold improvements	10 years
Vehicles [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Leasehold improvements	5 years
Furniture and Fixtures [Member] \| Minimum [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Leasehold improvements	3 years
Furniture and Fixtures [Member] \| Maximum [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Leasehold improvements	5 years
Building [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Leasehold improvements	30 years

GEOGRAPHICAL INFORMATION

3 Months Ended

12 Months Ended

Jun. 30, 2023

Mar. 31, 2023

GEOGRAPHICAL INFORMATION

4. Geographical Information

GEOGRAPHICAL INFORMATION

The following represents revenue attributed to geographic regions based on customer location:

	2023		2022
	For the Three Months Ended June 30,
	2023		2022
Europe, Middle East and Africa (“EMEA”)	$	6,757	$	4,137
Americas		2,989		1,798
Asia Pacific (“APAC”)		3,428		1,935
Total revenue	$	13,174	$	7,870

Long-lived assets shown below include property and equipment, net. The following represents long-lived assets where they are physically located:

SCHEDULE OF LONG-LIVED ASSETS

	As of June 30, 2023		As of March 31, 2023
EMEA	$	297	$	320
Americas		336		390
APAC		113		116
Total property and equipment, net	$	746	$	826

4. Geographical Information

GEOGRAPHICAL INFORMATION

The following represents revenue attributed to geographic regions based on customer location:

	2023		2022
	Years Ended March 31,
	2023		2022
				As Restated
Europe, Middle East and Africa (“EMEA”)	$	32,635	$	27,150
Americas		14,283		11,516
Asia Pacific (“APAC”)		8,080		10,372
Total revenue	$	54,998	$	49,038

Long-lived assets shown below include property and equipment, net. The following represents long-lived assets where they are physically located:

SCHEDULE OF LONG-LIVED ASSETS

	2023		2022
	As of March 31,
	2023		2022
EMEA	$	320	$	217
Americas		390		569
APAC		116		123
Total property and equipment, net	$	826	$	909

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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SUBSEQUENT EVENTS (Details Narrative) - USD ($)														1 Months Ended	6 Months Ended		12 Months Ended
SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Oct. 09, 2023	Sep. 09, 2023	Sep. 02, 2023	Jul. 27, 2023	Jul. 05, 2023	Apr. 06, 2023	Mar. 03, 2023	Feb. 26, 2023	Feb. 08, 2023	Feb. 06, 2023	Feb. 03, 2023	Dec. 31, 2022	Feb. 09, 2022	Sep. 09, 2023	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Mar. 31, 2024	Jul. 31, 2023	Jul. 07, 2023	Jul. 01, 2023	Jun. 02, 2023	Jun. 01, 2023	May 04, 2023	May 01, 2023	Mar. 31, 2023	Feb. 01, 2023	Mar. 31, 2022	Dec. 31, 2021
Subsequent Event [Line Items]
Payment to acquire restricted investments																$ 204,020,000
Proceeds from related party debt															850,000
DIH Holding US, Inc. [Member]
Subsequent Event [Line Items]
Share price								$ 10.00
Net settlement amount												$ 93,000
Due from related party															$ 2,263,000											$ 1,963,000		$ 1,885,000
Related Party [Member] \| DIH Holding US, Inc. [Member]
Subsequent Event [Line Items]
Due from related party												7,185,000					$ 7,185,000
Due to related party												$ 7,277,000					$ 7,277,000
DIH Cayman [Member] \| DIH Holding US, Inc. [Member]
Subsequent Event [Line Items]
Aggregate principal amount					$ 135,000			$ 405,000													$ 135,000	$ 135,000	$ 135,000	$ 135,000	$ 135,000
IPO [Member]
Subsequent Event [Line Items]
Payment to acquire restricted investments													$ 204,020,000
Stock issued during period, shares, new issues															303,000		303,000
Common Class A [Member]
Subsequent Event [Line Items]
Temporary equity, shares outstanding												20,200,000			5,670,123		20,200,000										5,670,123		0
Temporary equity, redemption price per share												$ 10.24			$ 10.62		$ 10.24												$ 0
Common Class A [Member] \| DIH Holding US, Inc. [Member]
Subsequent Event [Line Items]
Share price								$ 10.00
Stock issued during period, shares, new issues								6,000,000
Common Class A [Member] \| IPO [Member]
Subsequent Event [Line Items]
Stock issued during period, shares, new issues													20,200,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Payment to acquire restricted investments										$ 13,500,000
Subsequent event, description				the Company held an extraordinary general meeting of shareholders (the “July Extraordinary General Meeting”), to, among other things, approve (i) a special resolution to amend the amended and restated articles of association of the Company (the “Articles”) giving the Company the right to further extend the Business Combination Period six (6) times for an additional one (1) month each time, from August 9, 2023 to February 7, 2024 (the “Second Extension Amendment”) and (ii) the proposal to approve the Second Trust Amendment (as defined below). All proposals at the July Extraordinary General Meeting were approved by the shareholders of the Company. As such, the Company and Transfer Agent entered into Amendment No. 2 to the Investment Management Trust Agreement, to allow ATAK to extend the Business Combination Period six (6) times for an additional one (1) month each time from August 9, 2023 to February 9, 2024 by depositing into the Trust Account for each one-month extension the lesser of: (x) $135,000 or (y) $0.045 per share multiplied by the number of public shares then outstanding (the “Second Trust Amendment”). In addition, on July 27, 2023, the Company adopted the Second Extension Amendment, amending the Company’s Articles.
Description of board of meeting											On February 3, 2023, the Company held an Extraordinary General Meeting held an extraordinary general meeting of shareholders (the “Extraordinary General Meeting”), to approve (i) a special resolution to amend the Company’s Amended and Restated Articles of Association giving the Company the right to extend the Combination Period six (6) times for an additional one (1) month each time, from February 9, 2023 to August 9, 2023 (the “Extension Amendment”) and (ii) the proposal to approve the Trust Amendment
Description of extension of business combination period										On February 6, 2023, the Company and Trustee entered into Amendment No. 1 to the Investment Management Trust Agreement, to allow the Company to extend the date by which it has to consummate a business combination (the “Combination Period”) six (6) times for an additional one (1) month each time from February 9, 2023 to August 9, 2023 by depositing into the Trust Account for each one-month extension the lesser of: (x) $135,000 or (y) $0.045 per share multiplied by the number of public shares then outstanding (the “Trust Amendment”).
Share price										$ 0.045
Subsequent Event [Member] \| DIH Holding US, Inc. [Member]
Subsequent Event [Line Items]
Net settlement amount												$ 93,000
Subsequent Event [Member] \| Related Party [Member] \| DIH Holding US, Inc. [Member]
Subsequent Event [Line Items]
Due from related party												7,185,000					$ 7,185,000
Due to related party												$ 7,277,000					$ 7,277,000
Subsequent Event [Member] \| DIH Cayman [Member] \| DIH Holding US, Inc. [Member]
Subsequent Event [Line Items]
Aggregate principal amount					135,000																$ 135,000	$ 135,000	$ 135,000	$ 135,000	$ 135,000
Subsequent Event [Member] \| Safe Gait Acquisition [Member] \| DIH Holding US, Inc. [Member]
Subsequent Event [Line Items]
Aggregate principal amount																		$ 200,000
Subsequent Event [Member] \| IPO [Member]
Subsequent Event [Line Items]
Temporary equity, redemption price per share										$ 10.2769
Temporary equity, aggregate amount of redemption requirement										$ 149,300,000
Remaining amount held in trust account										$ 58,300,000
Subsequent Event [Member] \| Common Class A [Member]
Subsequent Event [Line Items]
Temporary equity, shares outstanding				362,831
Temporary equity, redemption price per share				$ 10.68
Temporary equity, aggregate amount of redemption requirement				$ 3,900,000
Temporary equity aggregate amount of redemption in trust account				$ 56,700,000
Stock issued during period, shares, new issues										14,529,877
Subsequent Event [Member] \| Unsecured Promissory Note [Member]
Subsequent Event [Line Items]
Payment to acquire restricted investments					$ 135,000
Aggregate principal amount							$ 810,000												$ 810,000	$ 100,000
Desposit trust account	$ 135,000	$ 135,000												$ 135,000
Debt instrument, issued, principal			$ 50,000
Debt instrument interest rate							0.00%
Debt instrument maturity date, description							the date of the consummation of the Company’s initial business combination, or (b) the date of the Company’s liquidation.
Subsequent Event [Member] \| Unsecured Promissory Note [Member] \| Extension Note [Member]
Subsequent Event [Line Items]
Debt instrument, description									does not bear interest, and matures (subject to the waiver against trust provisions) upon the earlier of (i) two (2) days following the date on which the Company’s initial business combination is consummated or liquidation and (ii) August 31, 2023.
Subsequent Event [Member] \| Unsecured Promissory Note [Member] \| Second Extension [Member]
Subsequent Event [Line Items]
Aggregate principal amount						$ 135,000
Subsequent Event [Member] \| Unsecured Promissory Note [Member] \| Sponsor [Member] \| Second Extension [Member]
Subsequent Event [Line Items]
Proceeds from related party debt						135,000
Subsequent Event [Member] \| Unsecured Promissory Extension Note [Member]
Subsequent Event [Line Items]
Maturity Period Of Notes									2 days
Subsequent Event [Member] \| Unsecured Promissory Extension Note [Member] \| Extension Note [Member]
Subsequent Event [Line Items]
Debt instrument interest rate									0.00%
Subsequent Event [Member] \| Unsecured Promissory Extension Note [Member] \| Sponsor LLC [Member]
Subsequent Event [Line Items]
Aggregate principal amount									$ 13,500,000
Share price									$ 10.00
Number of days after consummation of business combination within which the extension note as to be repaid									20 days
Subsequent Event [Member] \| Working Capital Note [Member]
Subsequent Event [Line Items]
Aggregate principal amount									$ 9,000,000
Maturity Period Of Notes									2 days
Subsequent Event [Member] \| Working Capital Loan From The Sponsor [Member]
Subsequent Event [Line Items]
Aggregate principal amount						$ 100,000

SUMMARY OF BASIC AND DILUTED NET INCOME PER ORDINARY SHARE (Details) - USD ($)	3 Months Ended		5 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Redeemable Class A Ordinary Shares [Member]
Numerator: income attributable to Class A ordinary shares subject to possible redemption
Net income (loss) attributable to non-redeemable Class A and Class B ordinary shares	$ 77,592	$ 947,763		$ (130,906)	$ 3,223,267	$ 5,101,263
Denominator: weighted average Class A ordinary shares subject to possible redemption
Basic weighted average shares outstanding, ordinary shares	5,670,123	20,200,000		8,800,870	15,847,514	18,041,644
Diluted weighted average shares outstanding, ordinary shares	5,670,123	20,200,000		8,800,870	15,847,514	18,041,644
Basic net income (loss) per share, ordinary shares	$ 0.01	$ 0.05		$ (0.01)	$ 0.20	$ 0.28
Diluted net income (loss) per share, ordinary shares	$ 0.01	$ 0.05		$ (0.01)	$ 0.20	$ 0.28
Net income (loss)						$ 5,101,263
Nonredeemable Common Stock [Member]
Numerator: income attributable to Class A ordinary shares subject to possible redemption
Net income (loss) attributable to non-redeemable Class A and Class B ordinary shares	$ 73,252	$ 251,157		$ (79,621)	$ 1,073,290
Denominator: weighted average Class A ordinary shares subject to possible redemption
Basic weighted average shares outstanding, ordinary shares	5,353,000	5,353,000	5,000,000	5,353,000	5,276,939	5,315,282	5,000,000
Diluted weighted average shares outstanding, ordinary shares	5,353,000	5,353,000	5,000,000	5,353,000	5,276,939	5,315,282	5,000,000
Basic net income (loss) per share, ordinary shares	$ 0.01	$ 0.05	$ (0.00)	$ (0.01)	$ 0.20	$ 0.28	$ (0.00)
Diluted net income (loss) per share, ordinary shares	$ 0.01	$ 0.05	$ (0.00)	$ (0.01)	$ 0.20	$ 0.28	$ (0.00)
Net income (loss)						$ 1,502,892	$ (9,963)
Nonredeemable Class A And Class B Ordinary Shares [Member]
Numerator: income attributable to Class A ordinary shares subject to possible redemption
Net income (loss) attributable to non-redeemable Class A and Class B ordinary shares						$ 1,502,892	$ (9,963)

PROPERTY AND EQUIPMENT, NET

3 Months Ended

12 Months Ended

Jun. 30, 2023

Mar. 31, 2023

PROPERTY AND EQUIPMENT, NET

6. Property and Equipment, Net

PROPERTY AND EQUIPMENT, NET

Property and equipment, net as of June 30, 2023 and March 31, 2023 consisted of the following:

SCHEDULE OF PROPERTY AND EQUIPMENT, NET

	As of June 30, 2023			As of March 31, 2023
Computer software and hardware	$	1,057		$	1,033
Machinery and equipment		1,345			1,320
Leasehold improvements		1,474			1,436
Furniture and fixtures		881			858
Vehicles		69			55
Demonstration units		616			654
Property and equipment		5,442			5,356
Less: accumulated depreciation		(4,696	)		(4,530	)
Property and equipment, net	$	746		$	826

Depreciation expense totaled $99 and $140 for the three months ended June 30, 2023 and 2022, respectively.

6. Property and Equipment, Net

PROPERTY AND EQUIPMENT, NET

Property and equipment, net as of March 31, 2023 and 2022 consisted of the following:

SCHEDULE OF PROPERTY AND EQUIPMENT, NET

	2023			2022
	As of March 31,
	2023			2022
Computer software and hardware	$	1,033		$	1,033
Machinery and equipment		1,320			1,311
Leasehold improvements		1,436			1,448
Furniture and fixtures		858			857
Vehicles		55			55
Demonstration units		654			851
Property and equipment		5,356			5,555
Less: accumulated depreciation		(4,530	)		(4,646	)
Property and equipment, net	$	826		$	909

Depreciation expense totaled $157 and $1,337 for the years ended March 31, 2023 and 2022, respectively.

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

INCOME TAXES

3 Months Ended

12 Months Ended

Jun. 30, 2023

Mar. 31, 2023

INCOME TAXES

14. Income Taxes

INCOME TAXES

For the three months ended June 30, 2023 and 2022, the Company recorded an income tax expense of $226 and $628, respectively. The effective tax rate was approximately (7.2)% for the three months ended June 30, 2023 and (18.8)% for the three months ended June 30, 2022. The effective tax rate for the three months ended June 30, 2023 and 2022 was lower than the statutory tax rate due to losses not expected to be benefited in certain jurisdictions which have a valuation allowance.

The Company prepares its financial statements on a combined worldwide basis. Income tax expense is calculated in accordance with the local tax laws of each entity in its relevant jurisdiction on a separate company basis.

The Company has not identified any uncertain tax positions in relation to its corporate income taxes. However, it has identified potential penalty exposure in relation to specific information reporting requirements in the United States. Although the Company is trying to address these issues and pursue penalty abatement, it has recorded a long-term payable for the penalties, until potential relief is granted. As of June 30, 2023 and March 31, 2023, the recorded accrual balances stand at $1,200 and $1,000, respectively.

14. Income Taxes

INCOME TAXES

The components of loss before income tax for the years ended March 31, 2023 and 2022 were as follows:

	2023			2022
	Years Ended March 31,
	2023			2022
					As Restated
U.S. operations	$	(5,513	)	$	(7,916	)
Non-U.S. operations		5,182		$	(3,441	)
Total loss before income taxes	$	(331	)	$	(11,357	)

The provision for income taxes during the years ended March 31, 2023 and 2022 consists of the following:

	2023		2022
	Years Ended March 31,
	2023		2022
Current:
State	$	-	$	-
Federal		-		-
Foreign		1,435		391
Deferred:
State		-		-
Federal		-		-
Foreign		70		55
		-		-
Noncurrent
State		-		-
Federal		525		250
Foreign		-		-

Total	$	2,030	$	696

A reconciliation of income tax expense computed at the statutory corporate income tax rate to the effective income tax rate for the years ended March 31, 2023 and 2022 is as follows:

	2023			2022
	Years Ended March 31,
	2023			2022
Tax expense computed at federal statutory rate		21.0	%		21.0	%
State tax		(273.0	)%		2.0	%
Change in valuation allowance		2,245.5	%		(21.6	)%
Foreign rate differential		(195.5	)%		0.7	%
Non-deductible expenses		1,426.3	%		(5.6	)%
Penalties		1,124.0	%		(2.0	)%
Other		(2.4	)%		(0.4	)%
Total income tax expense		4,345.9	%		(5.9	)%

The Company’s pre-tax book income was close to breakeven during the current period, resulting in a highly variable overall effective tax rate and its various components.

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

The Company’s deferred tax position reflects the net tax effects of the temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax reporting. Significant components of the deferred tax assets and liabilities are as follows:

	2023			2022
	As of March 31,
	2023			2022
Deferred tax assets:
Net operating loss carryforwards	$	7,863		$	6,989
Pension		323			432
Accrued expenses		138			26
Section 163(j) interest expense carryforward		165			125
Capitalized R&D		689			567
GAAP to statutory adjustments		393			747
Other		152			76
Total gross deferred tax assets		9,723			8,962
Less: valuation allowance		(9,187	)		(8,193	)
Total deferred tax assets, net of valuation allowance	$	536		$	769
Deferred tax liabilities:
Depreciation	$	7		$	9
GAAP to statutory adjustments		869			963
Other		51			149
Total gross deferred tax liabilities		927			1,121
Net deferred tax liabilities	$	391		$	352

The valuation allowance for deferred tax assets as of March 31, 2023 and 2022 primarily relates to net operating loss and interest deduction limitation carryforwards that, in the judgment of the Company, are not more-likely-than-not to be realized.

In assessing the realizability of deferred tax assets, the Company considers whether it is more-likely-than-not that some portion or all the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. The Company considers the scheduled reversal of deferred tax liabilities (including the impact of available carryback and carryforward periods), projected future taxable income, and tax-planning strategies in making this assessment. Based upon the level of historical taxable income and projections for future taxable income over the periods in which the deferred tax assets are deductible, the Company believes it is more-likely-than-not that it will realize the benefits of these deductible differences, net of the existing valuation allowances as of March 31, 2023 and 2022.

As of March 31, 2023 and 2022, the Company has tax effected net operating loss carryforwards in U.S. of $2,453 and $1,994, respectively, of which $761 and $80 will expire starting in 2034 and the remainder which can be carried forward indefinitely. As of March 31, 2023 and 2022, the Company has U.S. state tax effected net operating loss carryforwards of approximately $464 and $478 that, if unused, will expire starting in 2034. As of March 31, 2023 and 2022, the Company has other foreign tax effected net operating loss carryforwards of $4,946 and $4,517 of which the majority can be carried forward seven years.

The Company has not identified any uncertain tax positions in relation to its corporate income taxes. However, it has identified potential penalty exposure in relation to specific information reporting requirements in the United States. Although the Company is trying to address these issues and pursue penalty abatement, it has recorded a long-term payable for the penalties, until potential relief is granted. As of March 31, 2023 and 2022, the recorded accrual balances stand at $1,000 and $475, respectively.

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

The Company is subject to taxation in Switzerland, the U.S., and other jurisdictions of its foreign subsidiaries. As of March 31, 2023, tax years 2020, 2021, and 2022 are subject to examination by the tax authorities in the U.S. The Company is not currently under examination by tax authorities in any jurisdiction

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
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-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
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-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

SCHEDULE OF OTHER CURRENT ASSETS (Details) - DIH Holding US, Inc. [Member] - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023	Mar. 31, 2022
Restructuring Cost and Reserve [Line Items]
Other receivables	$ 2,263	$ 1,963	$ 1,885
Other current assets	2,924	3,247	1,026
Total other current assets	$ 5,187	$ 5,210	$ 2,911

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

SUMMARY OF FAIR VALUE HIERARCHY THE COMPANY’S ASSETS AND LIABILITIES THAT WERE ACCOUNTED FOR AT FAIR VALUE ON RECURRING BASIS (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and marketable securities held in trust account	$ 60,198,874	$ 206,879,903
Fair Value, Inputs, Level 1 [Member] \| Public Warrants [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Warrants, liabilities	284,820	446,420
Fair Value, Inputs, Level 1 [Member] \| Private Placement Warrants [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Warrants, liabilities
Fair Value, Inputs, Level 2 [Member] \| Public Warrants [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Warrants, liabilities
Fair Value, Inputs, Level 2 [Member] \| Private Placement Warrants [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Warrants, liabilities	92,000	143,000
Fair Value, Inputs, Level 3 [Member] \| Public Warrants [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Warrants, liabilities
Fair Value, Inputs, Level 3 [Member] \| Private Placement Warrants [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Warrants, liabilities
Money Market Funds [Member] \| Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and marketable securities held in trust account	60,198,874	206,879,903
Money Market Funds [Member] \| Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and marketable securities held in trust account
Money Market Funds [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and marketable securities held in trust account

SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES (Details) - DIH Holding US, Inc. [Member] - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023	Mar. 31, 2022
Restructuring Cost and Reserve [Line Items]
2024	$ 1,416	$ 1,356
2025	1,626	1,075
2026	1,025	518
2027	742	244
2028	730	231
Thereafter
Total lease payments	5,539	3,424
Less: imputed interest	(380)	(199)
Total lease liability	$ 5,159	$ 3,225	$ 4,842

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)		5 Months Ended	6 Months Ended		12 Months Ended
	Feb. 09, 2022	Dec. 31, 2021	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Subsidiary, Sale of Stock [Line Items]
Proceeds from issuance of common stock				$ 202,000,000	$ 202,000,000
Deferred underwriting commissions			7,070,000		7,070,000
Underwriting Agreement [Member]
Subsidiary, Sale of Stock [Line Items]
Deferred underwriting fees			$ 2,525,000		$ 2,525,000
Deferred underwriting commission per unit			$ 0.35		$ 0.35
Deferred underwriting commissions			$ 7,070,000		$ 7,070,000
Underwriting Agreement [Member] \| Sponsor [Member]
Subsidiary, Sale of Stock [Line Items]
Shares issued, shares, share-based payment arrangement, forfeited			700,000		700,000
Over-Allotment Option [Member] \| Underwriting Agreement [Member]
Subsidiary, Sale of Stock [Line Items]
Over allotment option period			45 days		45 days
Issuance of Class A ordianry shares, shares			3,000,000		3,000,000
Proceeds from issuance of common stock			$ 2,000,000		$ 2,000,000
IPO [Member]
Subsidiary, Sale of Stock [Line Items]
Issuance of Class A ordianry shares, shares			303,000		303,000
Deferred underwriting fees	$ 7,070,000

SUBSEQUENT EVENTS	3 Months Ended	6 Months Ended	12 Months Ended
SUBSEQUENT EVENTS	Jun. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
SUBSEQUENT EVENTS		NOTE 10. SUBSEQUENT EVENTS The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. Based upon this review, the Company did not identify any other subsequent events that would have required adjustment or disclosure in the condensed financial statements, other than the below. On July 9, 2023, the Company extended the Combination Period from July 9, 2023 to August 9, 2023, by depositing $135,000 into the Trust Account on July 5, 2023. On July 7, 2023, the Company issued an unsecured promissory note (the “Fifth Working Capital Note) in the amount of $100,000. The Fifth Working Capital Note does not bear interest, and matures upon the earlier of two days following the date on which the Company’s initial business combination is consummated or the date of the liquidation of the Company. On July 27, 2023, the Company held an extraordinary general meeting of shareholders (the “July Extraordinary General Meeting”), to, among other things, approve (i) a special resolution to amend the amended and restated articles of association of the Company (the “Articles”) giving the Company the right to further extend the Business Combination Period six (6) times for an additional one (1) month each time, from August 9, 2023 to February 7, 2024 (the “Second Extension Amendment”) and (ii) the proposal to approve the Second Trust Amendment (as defined below). All proposals at the July Extraordinary General Meeting were approved by the shareholders of the Company. As such, the Company and Transfer Agent entered into Amendment No. 2 to the Investment Management Trust Agreement, to allow ATAK to extend the Business Combination Period six (6) times for an additional one (1) month each time from August 9, 2023 to February 9, 2024 by depositing into the Trust Account for each one-month extension the lesser of: (x) $135,000 or (y) $0.045 per share multiplied by the number of public shares then outstanding (the “Second Trust Amendment”). In addition, on July 27, 2023, the Company adopted the Second Extension Amendment, amending the Company’s Articles. In connection with the vote to approve the Second Extension Amendment, the holders of 362,831 Class A Ordinary Shares elected to redeem their shares for cash at a redemption price of approximately $10.68 per share, for an aggregate redemption amount of approximately $3.9 million, leaving approximately $56.7 million in the trust account. On July 31, 2023, the Company issued an unsecured promissory note to the Sponsor, with a principal amount equal to $810,000 (the “Third Extension Note”). The Third Extension Note bears no interest and matures upon the earlier of (a) the date of the consummation of our initial business combination, or (b) the date of our liquidation. Advances under the Third Extension Note are for the purpose of Extension Payments and repaying the Sponsor or any other person with respect to funds loaned to the Company for the purpose of paying Extension Payments. On August 9, 2023, the Company extended the Combination Period from August 9, 2023 to September 9, 2023 by depositing $135,000 into the Trust Account on July 31, 2023. On September 1, 2023, the Company issued an unsecured promissory note (the “Sixth Working Capital Note”) in the amount of $50,000 to the Sponsor. The Sixth Working Capital Note does not bear interest, and matures upon the earlier of two days following the date on which the Company’s initial business combination is consummated or the date of the liquidation of the Company. On September 9, 2023, the Company extended the Combination Period from September 9, 2023 to October 9, 2023 by depositing $135,000 into the Trust Account on September 1, 2023. On October 9, 2023, the Company extended the Combination Period from October 9, 2023 to November 9, 2023 by depositing $135,000 into the Trust Account on October 2, 2023. On October 24, 2023, the Company issued an unsecured promissory note (the “Seventh Working Capital Note”) in the amount of $75,000 to the Sponsor. The Seventh Working Capital Note does not bear interest, and matures upon the earlier of two days following the date on which the Company’s initial business combination is consummated or the date of the liquidation of the Company. On November 3, 2023, the Company deposited $135,000 into the Trust Account to extend the Combination Period from November 9, 2023 to December 9, 2023.		NOTE 10. SUBSEQUENT EVENTS The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. Based upon this review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the condensed financial statements, other than the below. On February 3, 2023, the Company held an Extraordinary General Meeting held an extraordinary general meeting of shareholders (the “Extraordinary General Meeting”), to approve (i) a special resolution to amend the Company’s Amended and Restated Articles of Association giving the Company the right to extend the Combination Period six (6) times for an additional one (1) month each time, from February 9, 2023 to August 9, 2023 (the “Extension Amendment”) and (ii) the proposal to approve the Trust Amendment (as defined below). On February 6, 2023, the Company and Trustee entered into Amendment No. 1 to the Investment Management Trust Agreement, to allow the Company to extend the date by which it has to consummate a business combination (the “Combination Period”) six (6) times for an additional one (1) month each time from February 9, 2023 to August 9, 2023 by depositing into the Trust Account for each one-month extension the lesser of: (x) $135,000 or (y) $0.045 per share multiplied by the number of public shares then outstanding (the “Trust Amendment”). A copy of the Trust Amendment is attached to this Current Report on Form 8-K as Exhibit 10.1 and incorporated herein by reference. In addition, on February 6, 2023, the Company adopted the Extension Amendment, amending the Company’s Amended and Restated Articles of Association. In connection with the vote to approve the Extension Amendment, the holders of 14,529,877 Class A ordinary shares, initially issued in the Company’s initial public offering (“Public Shares”), elected to redeem their Public Shares for cash at a redemption price of approximately $10.2769 per Public Share, for an aggregate redemption amount of approximately $149.3 million, leaving approximately $58.3 million in the Company’s trust account. On February 8, 2023, the Company issued an unsecured promissory note (the “Extension Note”) in the amount of $135,000 to ATAC Sponsor LLC (the “Sponsor”), in exchange for the Sponsor depositing such amounts into the Company’s trust account in order to extend the amount of time the Company has available to complete a business combination (the “Extension”) by one (1) month from February 9, 2023 to March 9, 2023. The Notes does not bear interest, and matures (subject to the waiver against trust provisions) upon the earlier of (i) two (2) days following the date on which the Company’s initial business combination is consummated or liquidation and (ii) August 31, 2023. Repayment of the Extension Note shall be made no later than twenty (20) business days following the closing of the Company’s initial business combination. In connection with the issuance of the Extension Note, certain existing investors in the Sponsor received convertible notes issued by the Sponsor, whereby, at the election of the noteholders and only if the Company consummates the initial business combination, a noteholder may convert the principal outstanding under the respective note into Class A ordinary shares of the Company at a price of $10.00 per share. In addition, the Company issued an unsecured promissory note (the “Working Capital Note”) in the amount of $90,000 to the Sponsor, in exchange for the Sponsor depositing such amounts in the Company’s working capital account, in order to provide the Company with additional working capital. The Working Capital Note does not bear interest, and matures (subject to the waiver against trust provisions) upon the earlier of (i) two (2) days following the date on which the Company’s initial business combination is consummated and (ii) the date of the liquidation of the Company. On February 26, 2023 (the “Signing Date”), Aurora Technology Acquisition Corp., a Cayman Islands exempted company (which shall migrate to and domesticate as a Delaware corporation prior to the Closing, as defined below) (“ATAK”), entered into a Business Combination Agreement (as it may be amended, supplemented or otherwise modified from time to time in accordance with its terms, the “Business Combination Agreement”), among ATAK, Aurora Technology Merger Sub Corp., a Nevada corporation and a direct, wholly-owned subsidiary of ATAK (“Merger Sub”), and DIH Holding US, Inc., a Nevada corporation (“DIH”). ATAK and DIH are each individually referred to herein as a “Party” and, collectively, the “Parties.” The Business Combination Agreement has been approved by the board of directors of each of ATAK and Merger Sub and DIH, respectively. The transactions contemplated by the Business Combination Agreement are referred to as the “Business Combination.” On March 3, 2023, the Company issued an unsecured promissory note to the Sponsor, with a principal amount equal to $810,000 (the “Second Extension Note”). The Second Extension Note bears no interest and is repayable in full (subject to amendment or waiver) upon the earlier of (a) the date of the consummation of the Company’s initial business combination, or (b) the date of the Company’s liquidation. Advances under the Second Extension Note are for the purpose of making payments to extend the Combination Period (“Extension Payments”) and repaying the Sponsor or any other person with respect to funds loaned to the Company for the purpose of paying Extension Payments, including the Extension Payment made in connection with the first extension. On April 6, 2023, pursuant to the Second Extension Note, the Company delivered to the Sponsor a written request to draw down $135,000 for the third month of the Extension. Upon this written request, the Sponsor deposited $135,000 to the Company’s Trust Account on April 6, 2023 in order to extend the Combination Period by one (1) month From April 9, 2023 to May 9, 2023. In addition, the Company issued an unsecured promissory note (the “Second Working Capital Note”) in the amount of $100,000 to the Sponsor, in exchange for the Sponsor depositing such amounts in the Company’s working capital account, in order to provide the Company with additional working capital. The Second Working Capital Note does not bear interest, and matures (subject to the waiver against trust provisions) upon the earlier of (i) two (2) days following the date on which the Company’s initial business combination is consummated and (ii) the date of the liquidation of the Company.
DIH Holding US, Inc. [Member]
Restructuring Cost and Reserve [Line Items]
SUBSEQUENT EVENTS	17. Subsequent Events SUBSEQUENT EVENTS The Company evaluated subsequent events and transactions that occurred after the balance sheet date through September 22, 2023, the date that the financial statements were issued. Based on this review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statement.		17. Subsequent Events SUBSEQUENT EVENTS The Company evaluated subsequent events and transactions that occurred after the balance sheet date through August 2, 2023, the date that the financial statements were issued. Based on this review, other than as described below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statement. Related Party Settlement Agreement On May 3, 2023, DIH and Cayman and its subsidiaries, including the Company, DIH China and DIH Hong Kong, entered into a cash settlement agreement in which the Company agreed to pay a net settlement amount of approximately $93 related to an outstanding due from related party balance of $7,185 and a due to related party balance of $7,277, both as of December 31, 2022, for ongoing activities between the Company and DIH Hong Kong. Refer to Note 12 Related Party Transactions, for additional information. Payment on Behalf of DIH Cayman As discussed in Note 12 Related Party Transactions, on May 4, 2023, June 2, 2023 and July 5, 2023, the first, second and third installments of $0.1 million each, respectively, was paid by DIH on behalf of DIH Cayman in connection with the guaranty and loan agreement entered into between the Sponsor entered and DIH Cayman. SafeGait acquisition As disclosed in Note 2, in the first quarter of the year ending March 31, 2024, the Company made payments of $0.2 million related to the SafeGait asset acquisition.

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

SCHEDULE OF COMPONENTS LOSS BEFORE INCOME TAX (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023	Mar. 31, 2022
Restructuring Cost and Reserve [Line Items]
Loss before income taxes				$ (11,357)
DIH Holding US, Inc. [Member]
Restructuring Cost and Reserve [Line Items]
U.S. operations			$ (5,513)	(7,916)
Non-U.S. operations			5,182	(3,441)
Loss before income taxes	$ (3,136)	$ (3,330)	$ (331)	$ (11,357)

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/exampleRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
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Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

CAPITALIZED SOFTWARE, NET AND OTHER INTANGIBLE ASSETS, NET (Details Narrative) - DIH Holding US, Inc. [Member] - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023	Mar. 31, 2022
Restructuring Cost and Reserve [Line Items]
Amortization of intangible assets	$ 13	$ 25	$ 46	$ 48
Other intangible assets	$ 380		$ 380
Weighted average useful lives of intangible assets			10 years

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

LINES OF CREDIT AND LONG-TERM DEBT (Details Narrative) - DIH Holding US, Inc. [Member] $ in Thousands							3 Months Ended			12 Months Ended
	Feb. 02, 2023	Feb. 01, 2023	Mar. 01, 2022	Jan. 07, 2022	Dec. 17, 2021	May 19, 2020 CHF (SFr)	Jun. 30, 2023 CHF (SFr)	Mar. 31, 2023 CHF (SFr)	Jun. 30, 2022	Mar. 31, 2023 USD ($)	Mar. 31, 2023 CHF (SFr)	Mar. 31, 2022 USD ($)	Mar. 31, 2022 CHF (SFr)	Jun. 30, 2023 USD ($)
Line of Credit Facility [Line Items]
Revolving credit facility \| $												$ 2,728
Credit Suisse Credit Facility [Member]
Line of Credit Facility [Line Items]
Revolving credit facility \| SFr							SFr 7,600				SFr 7,600		SFr 7,600
Weighted average rates							4.83%		3.60%	3.79%	3.79%	2.69%	2.69%
Line of credit monthly payment, description		the amendment to the Credit Suisse framework agreement reduced the credit line to CHF 100 monthly payments starting January 31, 2023 and increasing to CHF 200 monthly payments starting April 30, 2023.
Line of credit fees \| SFr								SFr 33
Line of credit facility balance \| $										$ 6,813		$ 8,231		$ 6,351
Line of credit facility, covenant compliance										the Company’s EBITDA (as defined in the framework agreement) was not in compliance with the covenants in the Credit Suisse Credit Facility. Subsequently, on July 11, 2023, the Company and Credit Suisse obtained a waiver of the Company’s failure to comply with the EBITDA covenant as of March 31, 2023 for a fee of CHF 29.	the Company’s EBITDA (as defined in the framework agreement) was not in compliance with the covenants in the Credit Suisse Credit Facility. Subsequently, on July 11, 2023, the Company and Credit Suisse obtained a waiver of the Company’s failure to comply with the EBITDA covenant as of March 31, 2023 for a fee of CHF 29.
UBS Credit Facility [Member]
Line of Credit Facility [Line Items]
Revolving credit facility \| SFr							SFr 7,000				SFr 7,000		SFr 7,000
Weighted average rates							4.96%		4.75%	4.61%	4.61%	4.75%	4.75%
Line of credit monthly payment, description	the Company and UBS entered into an amendment to increase the monthly payments to CHF 200 starting April 30, 2023.		the Company and UBS entered into an amendment to the UBS framework agreement that reduced the credit line to CHF 200 one-time payment as of April 31, 2022 and reduced the credit line to CHF 100 monthly payments starting May 31, 2022.
Line of credit facility balance \| $										$ 6,163		$ 7,581		5,682
Line of credit average borrowings, percentage							0.25%					0.75%	0.75%
Fixed commitment fee, percentage							0.75%			0.25%	0.25%
COVID-19 loan [Member]
Line of Credit Facility [Line Items]
Line of credit monthly payment, description					the Company and UBS entered into an amendment to the COVID-19 loan agreement that reduced the credit line by CHF 50 quarterly payments starting March 31, 2022 and five CHF 50 payments in the year ending March 31, 2024.
Line of credit facility balance \| $										$ 324		$ 542		278
Line of credit monthly payment \| SFr						SFr 500
Line of credit, maturity date						Jun. 30, 2024
COVID-19 Plus Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of credit monthly payment, description				the Company and UBS entered into an amendment to the COVID-19 Plus credit facility loan agreement that reduced the Company maximum credit limit to CHF 2,243 and reduced the credit line by CHF 173 quarterly payments starting March 31, 2022, CHF 230 quarterly payments starting March 31, 2023 and five CHF 230 payments in the year ending March 31, 2024.
Line of credit facility balance \| $										$ 1,679		$ 2,432		$ 1,474
Line of credit monthly payment \| SFr						SFr 2,760
Line of credit, maturity date						Jun. 30, 2024
Federal share accruing interest, percenage						85.00%
Line of credit accruing interest						0.50%
Bank share accruing interest, percenage						15.00%				0.50%		0.50%

SUMMARY OF OTHER NON-CURRENT LIABILITIES (Details) - DIH Holding US, Inc. [Member] - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023	Mar. 31, 2022
Restructuring Cost and Reserve [Line Items]
Provisions	$ 1,272	$ 1,071	$ 540
Pension liabilities (Note 13)	2,063	1,677	2,256
Total other non-current liabilities	$ 3,335	$ 2,748	$ 2,796

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

LINES OF CREDIT AND LONG-TERM DEBT

3 Months Ended

12 Months Ended

Jun. 30, 2023

Mar. 31, 2023

LINES OF CREDIT AND LONG-TERM DEBT

11. Lines of Credit and Long-Term Debt

LINES OF CREDIT AND LONG-TERM DEBT

Lines of Credit

At June 30, 2023 and March 31, 2023, the Company has a framework agreement for a CHF 7,600 revolving credit facility with Credit Suisse (Switzerland) Ltd. (the “Credit Suisse Credit Facility”). Interest rates on advances on the Credit Suisse Credit Facility are agreed upon with Credit Suisse. For the three months ended June 30, 2023 and 2022, the weighted average rates were 4.83% and 3.60%, respectively. Advances have maximum terms up to twelve months and are subject to extension. The Company is subject to certain covenants under the terms of the Credit Suisse Credit Facility including minimum EBITDA covenants and financial reporting requirements. Additionally, the Credit Suisse Credit Facility contains a subjective acceleration clause in the event that the lender determines that a material adverse change has occurred within the business, operations, or financial condition of the Company. On February 1, 2023, the Company and Credit Suisse entered into an amendment to the Credit Suisse framework agreement that provided a waiver of the Company’s failure to comply with the EBITDA covenant and financial reporting obligation as of March 31, 2022. Additionally, the amendment to the Credit Suisse framework agreement reduced the credit line to CHF 100 monthly payments starting January 31, 2023 and increasing to CHF 200 monthly payments starting April 30, 2023. In connection with the February 1, 2023 amendment, the Company paid CHF 33 in fees to Credit Suisse in the fourth quarter of fiscal 2023. The balance on the Credit Suisse Credit Facility was $6,351 and $6,813 as of June 30, 2023 and March 31, 2023, respectively. Based on the stated terms and the existence of the subjective acceleration clause, the Credit Suisse Credit Facility is reflected in the current liabilities section of the combined balance sheets.

At June 30, 2023 and March 31, 2023, the Company has a framework agreement for a CHF 7,000 revolving credit facility with UBS Switzerland AG (the “UBS Credit Facility”). The Company can draw on the facility in various forms including fixed advances and Secured Overnight Financing Rate (“SOFR”) loans. Interest rates on advances on the UBS Credit Facility are based on the type of draw and can be adjusted at any time based on current market conditions. For the three months ended June 30, 2023 and 2022, the weighted average interest rates on the UBS Credit Facility were 4.96% and 4.75%, respectively. Additionally, the Company must pay a 0.25% quarterly commission on average borrowings and a 0.75% fixed commitment fee on the undrawn portion of the UBS Credit Facility. Advances have maximum terms up to twelve months and are subject to extension. The Company is subject to certain covenants under the terms of the UBS Credit Facility including financial reporting requirements. Additionally, the UBS Credit Facility contains a subjective acceleration clause in the event that the lender determines that a material adverse change has occurred within the business, operations, or financial condition of the Company. On March 1, 2022, the Company and UBS entered into an amendment to the UBS framework agreement that reduced the credit line to CHF 200 one-time payment as of April 31, 2022 and reduced the credit line to CHF 100 monthly payments starting May 31, 2022. On February 2, 2023, the Company and UBS entered into an amendment to increase the monthly payments to CHF 200 starting April 30, 2023. On March 29, 2023, UBS provided the Company a waiver for the Company’s failure to comply with the financial reporting obligation as of March 31, 2022. As of June 30, 2023, the Company was in compliance with the annual financial reporting requirement. The balance on the UBS Credit Facility was $5,682 and $6,163 as of June 30, 2023 and March 31, 2023, respectively. Based on the stated terms and the existence of the subjective acceleration clause, the UBS Credit Facility is reflected in the current liabilities section of the combined balance sheets.

COVID-19 Loan and COVID-19 Loan Plus Credit Facilities

In September 2020, the Federal COVID-19 Act was approved by the Swiss Parliament, and subsequently enacted in Switzerland. Under the Federal COVID-19 Act and the corresponding COVID-19 Hardship Ordinance and COVID-19 Loss of Earning Ordinance, the Swiss Federal Council was granted a number of powers to implement measures to address the consequences of the global COVID-19 pandemic including federal loans under the COVID-19 Loan and COVID-19 Loan Plus (“COVID-19 Plus”) programs for businesses meeting certain requirements.

The Company obtained a COVID-19 loan with UBS on May 19, 2020 for up to CHF 500 maturing on June 30, 2024. The COVID-19 loan does not accrue interest. On December 17, 2021, the Company and UBS entered into an amendment to the COVID-19 loan agreement that reduced the credit line by CHF 50 quarterly payments starting March 31, 2022 and five CHF 50 payments in the year ending March 31, 2024. The balance on the COVID-19 loan was $278 and $324 at June 30, 2023 and March 31, 2023, respectively.

The Company obtained a COVID-19 Plus credit facility with UBS on May 19, 2020 for up to CHF 2,760, maturing on June 30, 2024. The COVID-19 Plus credit facility has an 85% federal share accruing interest at 0.5% and a 15% bank share accruing interest at a rate determined by the bank based on market conditions (0.5% at March 31, 2023 and 2022, respectively). On January 7, 2022, the Company and UBS entered into an amendment to the COVID-19 Plus credit facility loan agreement that reduced the Company maximum credit limit to CHF 2,243 and reduced the credit line by CHF 173 quarterly payments starting March 31, 2022, CHF 230 quarterly payments starting March 31, 2023 and five CHF 230 payments in the year ending March 31, 2024. The balance on the COVID-19 Plus credit facility was $1,474 and $1,679 at June 30, 2023 and March 31, 2023, respectively.

The following table presents the aggregate annual maturities of long-term debt as of June 30, 2023:

	Amount
Remainder of 2024	$	1,247
2025		505
Total		1,752
Less: current portion		1,752
Total long-term debt	$	—

11. Lines of Credit and Long-Term Debt

LINES OF CREDIT AND LONG-TERM DEBT

Lines of Credit

At March 31, 2023 and 2022, the Company has a framework agreement for a CHF 7,600 revolving credit facility with Credit Suisse (Switzerland) Ltd. (the “Credit Suisse Credit Facility”). Interest rates on advances on the Credit Suisse Credit Facility are agreed upon with Credit Suisse. For the years ended March 31, 2023 and 2022, the weighted average rates were 3.79% and 2.69%, respectively. Advances have maximum terms up to twelve months and are subject to extension. The Company is subject to certain covenants under the terms of the Credit Suisse Credit Facility including minimum EBITDA covenants and financial reporting requirements. Additionally, the Credit Suisse Credit Facility contains a subjective acceleration clause in the event that the lender determines that a material adverse change has occurred within the business, operations, or financial condition of the Company. As of March 31, 2022, the Company’s EBITDA (as defined in the framework agreement) was not in compliance with the covenants in the Credit Suisse Credit Facility and did not comply with the annual financial reporting requirement. Subsequently, on February 1, 2023, the Company and Credit Suisse entered into an amendment to the Credit Suisse framework agreement that provided a waiver of the Company’s failure to comply with the EBITDA covenant and financial reporting obligation as of March 31, 2022. Additionally, the amendment to the Credit Suisse framework agreement reduced the credit line to CHF 100 monthly payments starting January 31, 2023 and increasing to CHF 200 monthly payments starting April 30, 2023. In connection with the February 1, 2023 amendment, the Company paid CHF 33 in fees to Credit Suisse in the fourth quarter of fiscal 2023. As of March 31, 2023, the Company’s EBITDA (as defined in the framework agreement) was not in compliance with the covenants in the Credit Suisse Credit Facility. Subsequently, on July 11, 2023, the Company and Credit Suisse obtained a waiver of the Company’s failure to comply with the EBITDA covenant as of March 31, 2023 for a fee of CHF 29. The balance on the Credit Suisse Credit Facility was $6,813 and $8,231 as of March 31, 2023 and 2022, respectively. Based on the stated terms and the existence of the subjective acceleration clause, the Credit Suisse Credit Facility is reflected in the current liabilities section of the combined balance sheets.

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

At March 31, 2023 and 2022, the Company has a framework agreement for a CHF 7,000 revolving credit facility with UBS Switzerland AG (the “UBS Credit Facility”). The Company can draw on the facility in various forms including fixed advances and Secured Overnight Financing Rate (“SOFR”) loans. Interest rates on advances on the UBS Credit Facility are based on the type of draw and can be adjusted at any time based on current market conditions. For the years ended March 31, 2023 and 2022, the weighted average interest rates on the UBS Credit Facility were 4.61% and 4.75%, respectively. Additionally, the Company must pay a 0.25% quarterly commission on average borrowings and a 0.75% fixed commitment fee on the undrawn portion of the UBS Credit Facility. Advances have maximum terms up to twelve months and are subject to extension. The Company is subject to certain covenants under the terms of the UBS Credit Facility including financial reporting requirements. Additionally, the UBS Credit Facility contains a subjective acceleration clause in the event that the lender determines that a material adverse change has occurred within the business, operations, or financial condition of the Company. As of March 31, 2022, the Company did not comply with the annual financial reporting requirement. On March 1, 2022, the Company and UBS entered into an amendment to the UBS framework agreement that reduced the credit line to CHF 200 one-time payment as of April 31, 2022 and reduced the credit line to CHF 100 monthly payments starting May 31, 2022. On February 2, 2023, the Company and UBS entered into an amendment to increase the monthly payments to CHF 200 starting April 30, 2023. On March 29, 2023, UBS provided the Company a waiver for the Company’s failure to comply with the financial reporting obligation as of March 31, 2022. As of March 31, 2023, the Company was in compliance with the annual financial reporting requirement. The balance on the UBS Credit Facility was $6,163 and $7,581 as of March 31, 2023 and 2022, respectively. Based on the stated terms and the existence of the subjective acceleration clause, the UBS Credit Facility is reflected in the current liabilities section of the combined balance sheets.

COVID-19 Loan and COVID-19 Loan Plus Credit Facilities

The Company obtained a COVID-19 loan with UBS on May 19, 2020 for up to CHF 500 maturing on June 30, 2024. The COVID-19 loan does not accrue interest. Subsequently, on December 17, 2021, the Company and UBS entered into an amendment to the COVID-19 loan agreement that reduced the credit line by CHF 50 quarterly payments starting March 31, 2022 and five CHF 50 payments in the year ending March 31, 2024. The balance on the COVID-19 loan was $324 and $542 at March 31, 2023 and 2022, respectively.

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

The Company obtained a COVID-19 Plus credit facility with UBS on May 19, 2020 for up to CHF 2,760, maturing on June 30, 2024. The COVID-19 Plus credit facility has an 85% federal share accruing interest at 0.5% and a 15% bank share accruing interest at a rate determined by the bank based on market conditions (0.5% at March 31, 2023 and 2022, respectively). Subsequently, on January 7, 2022, the Company and UBS entered into an amendment to the COVID-19 Plus credit facility loan agreement that reduced the Company maximum credit limit to CHF 2,243 and reduced the credit line by CHF 173 quarterly payments starting March 31, 2022, CHF 230 quarterly payments starting March 31, 2023 and five CHF 230 payments in the year ending March 31, 2024. The balance on the COVID-19 Plus credit facility was $1,679 and $2,432 at March 31, 2023 and 2022, respectively.

Aggregate annual maturities of long-term debt are as follows for the years ending March 31:

	Amount
Years Ending March 31,
2024	$	1,514
2025		489
Total		2,003
Less: current portion		489
Total long-term debt	$	1,514

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

LEASES (Tables) - DIH Holding US, Inc. [Member]

3 Months Ended

12 Months Ended

Jun. 30, 2023

Mar. 31, 2023

SCHEDULE OF RIGHT-OF-USE LEASE ASSETS AND LEASE LIABILITIES

Right-of-use lease assets and lease liabilities that are reported in the Company’s condensed combined balance sheet as of June 30, 2023 and March 31, 2023 are as follows:

	As of June 30, 2023		As of March 31, 2023
Operating lease, right-of-use assets, net	$	5,134	$	3,200

Current portion of long-term operating lease		1,667		1,255
Long-term operating lease		3,492		1,970
Total operating lease liabilities	$	5,159	$	3,225

Right-of-use lease assets and lease liabilities that are reported in the Company’s combined balance sheet as of March 31, 2023 and 2022 are as follows:

	2023		2022
	As of March 31,
	2023		2022
Operating lease, right-of-use assets, net	$	3,200	$	4,807

Current portion of long-term operating lease		1,255		1,743
Long-term operating lease		1,970		3,099
Total operating lease liabilities	$	3,225	$	4,842

SCHEDULE OF LEASE EXPENSE

	2023		2022
	For the Three Months Ended June 30,
	2023		2022
Fixed operating lease costs	$	494	$	471
Short-term lease costs		40		5
Total lease cost	$	534	$	476

SCHEDULE OF LEASE EXPENSE

	2023		2022
	Years Ended March 31,
	2023		2022
Fixed operating lease costs	$	1,939	$	1,882
Short-term lease costs		-		23
Total lease cost	$	1,939	$	1,905

SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO LEASES

Supplemental cash flow information related to leases was as follows:

	2023			2022
	For the Three Months Ended June 30,
	2023			2022
Operating cash flows included in the measurement of lease liabilities	$	(495	)	$	(456	)
Non-cash lease activity related to right-of-use assets obtained in exchange for new operating lease liabilities		69			113
Other non-cash changes to ROU assets due to reassessment of the lease term		2,231			-

Supplemental cash flow information related to leases was as follows:

	2023			2022
	Years Ended March 31,
	2023			2022
Operating cash flows included in the measurement of lease liabilities	$	(1,930	)		(1,847	)
Non-cash lease activity related to right-of-use assets obtained in exchange for new operating lease liabilities	$	178			144

SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE

The weighted average remaining lease term and discount rate for the Company’s operating leases as of June 30, 2023 and March 31, 2023 were:

	As of June 30, 2023			As of March 31, 2023
Weighted-average remaining lease term (in years)		2.79			2.77
Weighted-average discount rate		4.00	%		4.00	%

The weighted average remaining lease term and discount rate for the Company’s operating leases as of March 31, 2023 and 2022 were:

	As of March 31,
	2023			2022
Weighted-average remaining lease term (in years)		2.77			3.71
Weighted-average discount rate		4.00	%		4.00	%

SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES

As of June 30, 2023, maturities of operating lease liabilities for each of the following five years ending March 31 and a total thereafter were as follows:

	Operating Leases
Remainder of 2024	$	1,416
2025		1,626
2026		1,025
2027		742
2028		730
Thereafter		—
Total lease payments		5,539
Less: imputed interest		(380	)
Total lease liability	$	5,159

As of March 31, 2023, maturities of operating lease liabilities for each of the following five years and a total thereafter were as follows:

Year ending March 31,	Operating Leases
2024	$	1,356
2025		1,075
2026		518
2027		244
2028		231
Thereafter		-
Total lease payments		3,424
Less: imputed interest		(199	)
Total lease liability	$	3,225

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

EMPLOYEE BENEFIT PLANS

3 Months Ended

12 Months Ended

Jun. 30, 2023

Mar. 31, 2023

Multiemployer Plan [Line Items]

EMPLOYEE BENEFIT PLANS

13. Employee Benefit Plans

EMPLOYEE BENEFIT PLANS

Defined Contribution Plans

The Company sponsors a defined contribution plan in the United States and Netherlands. The Company’s obligation is limited to its contributions made in accordance with each plan document. Employer contributions to defined contribution plans are recognized as expense.

Expenses related to the Company’s plans for the three months ended June 30, 2023 and 2022 were as follows:

SCHEDULE OF EXPENSES RELATED TO PLANS

	2023		2022
	For the Three Months Ended June 30,
	2023		2022
United States	$	32	$	16
Netherlands		27		70
Total defined contribution plan expense	$	59	$	86

Defined Benefit Plans

Amounts recognized in the combined statements of operations for the three months ended June 30, 2023 and 2022, in respect of the Pension Plans were as follows:

SCHEDULE OF PENSION PLANS

	2023			2022
	For the Three Months Ended June 30,
	2023			2022
Current service cost	$	167		$	172
Interest cost		60			40
Expected return on plan assets		(87	)		(63	)
Amortization of net gain		(39	)		(45	)
Settlement gain		-			(175	)
Amortization of prior service credit		(35	)		(34	)
Net charge to statement of operations	$	66		$	(105	)

13. Employee Benefit Plans

EMPLOYEE BENEFIT PLANS

Defined Contribution Plans

Expenses related to the Company’s plans for the years ended March 31, 2023 and 2022 were as follows:

SCHEDULE OF EXPENSES RELATED TO PLANS

	2023		2022
	Years Ended March 31,
	2023		2022
United States	$	105	$	93
Netherlands		152		322
Total defined contribution plan expense	$	257	$	415

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

Defined Benefit Plans

The Company has two Swiss defined benefit plans (the “Pension Plans”) covering substantially all the employees of Hocoma AG and Hocoma Medical GmbH in Switzerland. The Pension Plans exceed the minimum benefit requirements under Swiss pension law. The Swiss plans offer retirement, disability and survivor benefits and is governed by a Pension Foundation Board. The responsibilities of this board are defined by Swiss pension law and the plan rules.

The plans offer to members at the normal retirement age of 65 a choice between a lifetime pension and a partial or full lump sum payment. Participants can choose to draw early retirement benefits starting from the age of 58 but can also continue employment and remain active members of the plan until the age of 70. Employees can make additional purchases of benefits to fund early retirement benefits. The pension amount payable to a participant is calculated by applying a conversion rate to the accumulated balance of the participant’s retirement savings account at the retirement date. The balance is based on credited vested benefits transferred from previous employers, purchases of benefits, and the employee and employer contributions that have been made to the participant’s retirement savings account, as well as the interest accrued. The annual interest rate credited to participants is determined by the Pension Foundation Board at the end of each year.

Although the Swiss plans are based on a defined contribution promise under Swiss pension law, it is accounted for as a defined benefit plan under GAAP, primarily because of the obligation to accrue interest on the participants’ retirement savings accounts and the payment of lifetime pension benefits.

An actuarial valuation in accordance with Swiss pension law is performed regularly. Should an underfunded situation on this basis occur, the Pension Foundation Board is required to take the necessary measures to ensure that full funding can be expected to be restored within a maximum period of 10 years. If a Swiss plan were to become significantly underfunded on a Swiss pension law basis, additional employer and employee contributions could be required.

The investment strategy of the Swiss plan complies with Swiss pension law, including the rules and regulations relating to diversification of plan assets, and is derived from the risk budget defined by the Pension Foundation Board on the basis of regularly performed asset and liability management analyses. The Pension Foundation Board strives for a medium- and long-term balance between assets and liabilities.

Amounts recognized in the combined statements of operations for the years ended March 31, 2023 and 2022, in respect of the Pension Plans were as follows:

SCHEDULE OF PENSION PLANS

	2023			2022
	Years Ended March 31,
	2023			2022
				As Restated
Current service cost	$	687		$	962
Interest cost		158			51
Expected return on plan assets		(249	)		(294	)
Amortization of net gain		(179	)		-
Settlement gain		(699	)		(860	)
Amortization of prior service credit		(135	)		(141	)
Net charge to statement of operations	$	(417	)	$	(282	)

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

Details of the employee defined benefits obligations and plan assets in respect of the Pension Plans are as follows:

	2023			2022
	Years Ended March 31,
	2023			2022
Change in present value of defined benefit obligation:
Defined benefit obligation at the beginning of the year	$	11,678		$	16,060
Interest on defined obligation		158			51
Current service cost		687			962
Contributions by plan participants		496			446
Translation loss		(26	)		(429	)
Benefits paid		(1,137	)		(2,103	)
Actuarial loss arising on projected benefit obligation		(439	)		(3,309	)
Defined benefit obligation at the end of the year	$	11,417		$	11,678
Change in plan assets:
Fair value of plan assets at the beginning of the year	$	9,422		$	11,576
Actual return on plan assets		373			(709	)
Contributions by the employer		592			526
Contributions by plan participants		496			446
Benefits paid		(1,137	)		(2,103	)
Translation loss		(6	)		(314	)
Fair value of plan assets - at the end of the year	$	9,740		$	9,422
Funded status at end of the year	$	(1,677	)	$	(2,256	)

Amounts relating to these defined benefit plans with accumulated benefit obligations in excess of plan assets were as follows:

	2023		2022
	As of March 31,
	2023		2022
Accumulated benefit obligation	$	11,116	$	11,357
Fair value of plan assets	$	9,740	$	9,422

Amounts recognized in the Company’s combined balance sheet related to the present value of defined benefit obligations consist of the following:

	2023			2022
	As of March 31,
	2023			2022
Current liabilities	$	-		$	-
Non-current liabilities		(1,677	)		(2,256	)
Total recognized in the combined balance sheet	$	(1,677	)	$	(2,256	)

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

Amounts recognized in other comprehensive income in respect of the Pension Plans consist of the following:

	2023		2022
	Years Ended March 31,
	2023		2022
Net loss (gain)	$	294	$	(1,445	)
Prior service cost		136		140
Other comprehensive loss (income)	$	430	$	(1,305	)

The principal assumptions used for the purpose of actuarial valuation of the Pension Plans are as follows:

	2023			2022
	As of March 31,
	2023			2022
Discount rate		2.10	%		1.40	%
Expected return on plan assets		3.50	%		2.74	%
Expected rate of salary increase		1.00	%		1.00	%

The actuarial assumptions used for the defined benefit plans are based on the economic conditions prevailing in the jurisdiction in which they are offered. Changes in the defined benefit obligation are most sensitive to changes in the discount rate. The discount rate is based on the yield of high-quality corporate bonds quoted in an active market in the currency of the respective plan. A decrease in the discount rate increases the defined benefit obligation. The Company regularly reviews the actuarial assumptions used in calculating the defined benefit obligation to determine their continuing relevance.

Investment Policy

It is the objective of the plan sponsor to maintain an adequate level of diversification to balance market risk, to prudently invest to preserve capital and to provide sufficient liquidity while maximizing earnings for near-term payments of benefits accrued under the plan and to pay plan administrative expenses. The assumption used for the expected long-term rate of return on plan assets is based on the long-term expected returns for the investment mix of assets currently in the portfolio. Historical return trends for the various asset classes in the class portfolio are combined with current and anticipated future market conditions to estimate the rate of return for each class. These rates are then adjusted for anticipated future inflation to determine estimated nominal rates of return for each class.

The table below represents the Company’s Pension Plans’ weighted-average asset allocation as of March 31, 2023 and 2022 by asset category:

	2023			2022
	As of March 31,
	2023			2022
Equity securities		33.99	%		35.00	%
Debt securities		26.43	%		29.78	%
Other, primarily cash and cash equivalents, and hedge funds		39.58	%		35.22	%

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

The table below presents the target allocation for each major asset category for the Company’s Pension Plans for the years ended March 31, 2023 and 2022:

	2023			2022
	Years Ended March 31,
	2023			2022
Equity securities		34.00	%		34.00	%
Debt securities		28.00	%		33.00	%
Other, primarily cash and cash equivalents, and hedge funds		38.00	%		33.00	%

The following tables provides the fair value of plan assets held by the Company’s Pension Plans by asset category and by fair value hierarchy level:

	Level 1		Level 2		Level 3		Total
	As of March 31, 2023
	Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	234	$	-	$	-	$	234
Equity securities		3,468		-		-		3,468
Debt securities		2,493		-		-		2,493
Real estate		-		2,328		-		2,328
Non-traditional assets		-		1,217		-		1,217
Total	$	6,195	$	3,545	$	-	$	9,740

	Level 1		Level 2		Level 3		Total
	As of March 31, 2022
	Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	302	$	-	$	-	$	302
Equity securities		3,185		-		-		3,185
Debt securities		2,535		-		-		2,535
Real estate		-		2,186		-		2,186
Non-traditional assets		-		1,214		-		1,214
Total	$	6,022	$	3,400	$	-	$	9,422

For the year ending March 31, 2024, the Company expects to contribute $599 to its Pension Plans.

The following table presents expected Pension Plans payments over the next 10 years:

	Amount
Year Ending March 31,
2024	$	124
2025		129
2026		313
2027		160
2028		164
2029-2033		1,080

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES (Details) - DIH Holding US, Inc. [Member] - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022
Restructuring Cost and Reserve [Line Items]
Net operating loss carryforwards	$ 7,863	$ 6,989
Pension	323	432
Accrued expenses	138	26
Section 163(j) interest expense carryforward	165	125
Capitalized R&D	689	567
GAAP to statutory adjustments	393	747
Other	152	76
Total gross deferred tax assets	9,723	8,962
Less: valuation allowance	(9,187)	(8,193)
Total deferred tax assets, net of valuation allowance	536	769
Depreciation	7	9
GAAP to statutory adjustments	869	963
Other	51	149
Total gross deferred tax liabilities	927	1,121
Net deferred tax liabilities	$ 391	$ 352

PRIVATE PLACEMENT (Details Narrative) - Private Placement Warrant [Member] - USD ($)	Feb. 09, 2022	Jun. 30, 2023	Dec. 31, 2022
Common Class A [Member]
Defined Benefit Plan Disclosure [Line Items]
Class of warrant or right, number of securities called by each warrant or right		1
Class of warrant or right, exercise price of warrants or rights		$ 11.50	$ 11.50
Sponsor [Member]
Defined Benefit Plan Disclosure [Line Items]
Class of warrants or rights warrants issued during the period units	6,470,000
Class of warrants or rights warrants issued price per warrant	$ 1.00
Proceeds from issuance of warrants	$ 6,470,000

GEOGRAPHICAL INFORMATION (Tables) - DIH Holding US, Inc. [Member]

3 Months Ended

12 Months Ended

Jun. 30, 2023

Mar. 31, 2023

SCHEDULE OF REVENUE ATTRIBUTED TO GEOGRAPHIC REGIONS BASED ON CUSTOMER LOCATION

The following represents revenue attributed to geographic regions based on customer location:

	2023		2022
	For the Three Months Ended June 30,
	2023		2022
Europe, Middle East and Africa (“EMEA”)	$	6,757	$	4,137
Americas		2,989		1,798
Asia Pacific (“APAC”)		3,428		1,935
Total revenue	$	13,174	$	7,870

The following represents revenue attributed to geographic regions based on customer location:

	2023		2022
	Years Ended March 31,
	2023		2022
				As Restated
Europe, Middle East and Africa (“EMEA”)	$	32,635	$	27,150
Americas		14,283		11,516
Asia Pacific (“APAC”)		8,080		10,372
Total revenue	$	54,998	$	49,038

SCHEDULE OF LONG-LIVED ASSETS

Long-lived assets shown below include property and equipment, net. The following represents long-lived assets where they are physically located:

SCHEDULE OF LONG-LIVED ASSETS

	As of June 30, 2023		As of March 31, 2023
EMEA	$	297	$	320
Americas		336		390
APAC		113		116
Total property and equipment, net	$	746	$	826

Long-lived assets shown below include property and equipment, net. The following represents long-lived assets where they are physically located:

SCHEDULE OF LONG-LIVED ASSETS

	2023		2022
	As of March 31,
	2023		2022
EMEA	$	320	$	217
Americas		390		569
APAC		116		123
Total property and equipment, net	$	826	$	909

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

SUMMARY OF FAIR VALUE MEASUREMENTS INPUTS (Details)	Jun. 30, 2023	Dec. 31, 2022	Feb. 09, 2022
Measurement Input, Share Price [Member] \| Private Placement Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input		10.23	9.08
Measurement Input, Share Price [Member] \| Public Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	10.62	10.23
Measurement Input, Exercise Price [Member] \| Private Placement Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input		11.50	11.50
Measurement Input, Exercise Price [Member] \| Public Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	11.50	11.50
Measurement Input, Risk Free Interest Rate [Member] \| Private Placement Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input		3.94	1.80
Measurement Input, Risk Free Interest Rate [Member] \| Public Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	4.07	3.94
Measurement Input, Price Volatility [Member] \| Private Placement Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input		0.00	9.43
Measurement Input, Price Volatility [Member] \| Public Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	0.00	0.00
Measurement Input, Expected Term [Member] \| Private Placement Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input		5.50	5.99
Measurement Input, Expected Term [Member] \| Public Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	5.25	5.50
Measurement Input Probability [Member] \| Private Placement Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input		0.02	0.35
Measurement Input Probability [Member] \| Public Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	0.01	0.02
Measurement Input, Expected Dividend Rate [Member] \| Private Placement Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input		0.00	0.00
Measurement Input, Expected Dividend Rate [Member] \| Public Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	0.00	0.00

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)							3 Months Ended		5 Months Ended	6 Months Ended		12 Months Ended
	Jun. 02, 2023	Apr. 06, 2023	Mar. 07, 2023	Dec. 31, 2022	Feb. 09, 2022	Aug. 07, 2021	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Jul. 05, 2023	Jul. 01, 2023	Jun. 14, 2023	Jun. 01, 2023	May 04, 2023	May 02, 2023	May 01, 2023	Mar. 03, 2023	Feb. 26, 2023	Feb. 08, 2023
Related Party Transaction [Line Items]
Stock issued during period, shares, issued for services									$ 25,000
Revenue														$ 49,038,000
DIH Holding US, Inc. [Member]
Related Party Transaction [Line Items]
Due to related parties current							$ 184,000			$ 184,000		$ 7,322,000		5,547,000
Net settlement amount				$ 93,000
Net transactions with parent							24,000	$ 7,000				113,000		179,000
Due from related party							2,263,000			2,263,000		1,963,000		1,885,000
Revenue							13,174,000	7,870,000				54,998,000		49,038,000
DIH Holding US, Inc. [Member] \| Subsequent Event [Member]
Related Party Transaction [Line Items]
Net settlement amount				93,000
DIH Holding US, Inc. [Member] \| DIH Cayman [Member]
Related Party Transaction [Line Items]
Aggregate principal amount	$ 135,000														$ 135,000	$ 135,000		$ 135,000	$ 135,000		$ 135,000		$ 405,000
DIH Holding US, Inc. [Member] \| DIH Cayman [Member] \| Subsequent Event [Member]
Related Party Transaction [Line Items]
Aggregate principal amount	135,000														$ 135,000	$ 135,000		$ 135,000	$ 135,000		$ 135,000
DIH Holding US, Inc. [Member] \| Related Party [Member]
Related Party Transaction [Line Items]
Due to related party				7,277,000									$ 7,277,000
Due from related party				7,185,000									7,185,000
DIH Holding US, Inc. [Member] \| Related Party [Member] \| Subsequent Event [Member]
Related Party Transaction [Line Items]
Due to related party				7,277,000									7,277,000
Due from related party				7,185,000									7,185,000
DIH Holding US, Inc. [Member] \| DIH Hong Kong [Member]
Related Party Transaction [Line Items]
Revenue												$ 59,000		1,897,000
Cost of sales revenue														$ 514,000
Related Party [Member]
Related Party Transaction [Line Items]
Due to related parties current				0			0		0	0			0
Working Capital Loan [Member]
Related Party Transaction [Line Items]
Debt instrument convertible into warrants				$ 1,500,000			$ 1,500,000			$ 1,500,000			$ 1,500,000
Debt instrument conversion price				$ 1.00			$ 1.00			$ 1.00			$ 1.00
Office Space Administrative And Support Services [Member]
Related Party Transaction [Line Items]
Net settlement amount					$ 10,000
Administrative Support Agreement [Member]
Related Party Transaction [Line Items]
Administrative support agreement expenses							$ 30,000	$ 30,000	$ 0	$ 60,000	$ 50,000		$ 110,000
Promissory Note [Member]
Related Party Transaction [Line Items]
Aggregate principal amount						$ 300,000																$ 810,000
Debt instrument interest rate						0.00%
Debt instrument, maturity date						Mar. 31, 2022
Long-term debt				$ 0			0			0			$ 0
Promissory Note [Member] \| Related Party [Member]
Related Party Transaction [Line Items]
Aggregate debt						$ 242,801
First Working Capital [Member]
Related Party Transaction [Line Items]
Aggregate principal amount																								$ 90,000
First Extension Note [Member]
Related Party Transaction [Line Items]
Aggregate principal amount																								$ 135,000
Second Extension Note [Member]
Related Party Transaction [Line Items]
Proceeds from Issuance of Debt	$ 135,000	$ 135,000	$ 135,000							540,000
Due to related party							540,000			540,000
Second Working Capital [Member]
Related Party Transaction [Line Items]
Aggregate principal amount		$ 100,000
Third Working Capital [Member]
Related Party Transaction [Line Items]
Aggregate principal amount																				$ 100,000
Fourth Working Capital [Member]
Related Party Transaction [Line Items]
Aggregate principal amount																	$ 20,000
Working Capital Notes [Member]
Related Party Transaction [Line Items]
Due to related party							310,000			310,000
Working Capital And Second Extension Note [Member]
Related Party Transaction [Line Items]
Due to related party							$ 850,000			$ 850,000
Common Class B [Member] \| Founder Shares [Member]
Related Party Transaction [Line Items]
Stock issued during period, shares, issued for services						5,750,000
Stock issued during period, shares, issued for services						$ 25,000
Shares issued, shares, share based payment arrangement, forfeited						700,000
Temporary equity shares issued						5,050,000
Common Class A [Member]
Related Party Transaction [Line Items]
Temporary equity shares issued				20,200,000			5,670,123		0	5,670,123			20,200,000
Share transfer, trigger price per share						$ 12.00
Common Class A [Member] \| Share Price More Than Or Equals To Used Twelve [Member]
Related Party Transaction [Line Items]
Number of consecutive trading days for determining share price						20 days
Number of trading days for determining share price						30 days
Threshold number of trading days for determining share price from date of business combination						150 days

SCHEDULE OF ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) - DIH Holding US, Inc. [Member] - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023	Mar. 31, 2022
Restructuring Cost and Reserve [Line Items]
Taxes payable	$ 3,821	$ 3,823	$ 2,657
Other payables and current liabilities	7,039	8,588	5,396
Total accrued expenses and other current liabilities	$ 10,860	$ 12,411	$ 8,053

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

SCHEDULE OF EXPENSES RELATED TO PLANS (Details) - DIH Holding US, Inc. [Member] - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023	Mar. 31, 2022
Multiemployer Plan [Line Items]
Total defined contribution plan expense	$ 59	$ 86	$ 257	$ 415
United States [Member]
Multiemployer Plan [Line Items]
Total defined contribution plan expense	32	16	105	93
Netherlands [Member]
Multiemployer Plan [Line Items]
Total defined contribution plan expense	$ 27	$ 70	$ 152	$ 322

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

SCHEDULE OF EXPENSES RELATED TO PLANS

EMPLOYEE BENEFIT PLANS (Tables) - DIH Holding US, Inc. [Member]

3 Months Ended

12 Months Ended

Jun. 30, 2023

Mar. 31, 2023

Multiemployer Plan [Line Items]

Expenses related to the Company’s plans for the three months ended June 30, 2023 and 2022 were as follows:

SCHEDULE OF EXPENSES RELATED TO PLANS

	2023		2022
	For the Three Months Ended June 30,
	2023		2022
United States	$	32	$	16
Netherlands		27		70
Total defined contribution plan expense	$	59	$	86

Expenses related to the Company’s plans for the years ended March 31, 2023 and 2022 were as follows:

SCHEDULE OF EXPENSES RELATED TO PLANS

	2023		2022
	Years Ended March 31,
	2023		2022
United States	$	105	$	93
Netherlands		152		322
Total defined contribution plan expense	$	257	$	415

SCHEDULE OF PENSION PLANS

Amounts recognized in the combined statements of operations for the three months ended June 30, 2023 and 2022, in respect of the Pension Plans were as follows:

SCHEDULE OF PENSION PLANS

	2023			2022
	For the Three Months Ended June 30,
	2023			2022
Current service cost	$	167		$	172
Interest cost		60			40
Expected return on plan assets		(87	)		(63	)
Amortization of net gain		(39	)		(45	)
Settlement gain		-			(175	)
Amortization of prior service credit		(35	)		(34	)
Net charge to statement of operations	$	66		$	(105	)

Amounts recognized in the combined statements of operations for the years ended March 31, 2023 and 2022, in respect of the Pension Plans were as follows:

SCHEDULE OF PENSION PLANS

	2023			2022
	Years Ended March 31,
	2023			2022
				As Restated
Current service cost	$	687		$	962
Interest cost		158			51
Expected return on plan assets		(249	)		(294	)
Amortization of net gain		(179	)		-
Settlement gain		(699	)		(860	)
Amortization of prior service credit		(135	)		(141	)
Net charge to statement of operations	$	(417	)	$	(282	)

SCHEDULE OF EMPLOYEE DEFINED BENEFITS OBLIGATIONS AND PLAN ASSETS

Details of the employee defined benefits obligations and plan assets in respect of the Pension Plans are as follows:

	2023			2022
	Years Ended March 31,
	2023			2022
Change in present value of defined benefit obligation:
Defined benefit obligation at the beginning of the year	$	11,678		$	16,060
Interest on defined obligation		158			51
Current service cost		687			962
Contributions by plan participants		496			446
Translation loss		(26	)		(429	)
Benefits paid		(1,137	)		(2,103	)
Actuarial loss arising on projected benefit obligation		(439	)		(3,309	)
Defined benefit obligation at the end of the year	$	11,417		$	11,678
Change in plan assets:
Fair value of plan assets at the beginning of the year	$	9,422		$	11,576
Actual return on plan assets		373			(709	)
Contributions by the employer		592			526
Contributions by plan participants		496			446
Benefits paid		(1,137	)		(2,103	)
Translation loss		(6	)		(314	)
Fair value of plan assets - at the end of the year	$	9,740		$	9,422
Funded status at end of the year	$	(1,677	)	$	(2,256	)

SCHEDULE OF DEFINED BENEFIT PLANS WITH ACCUMULATED BENEFIT OBLIGATIONS IN EXCESS OF PLAN ASSETS

Amounts relating to these defined benefit plans with accumulated benefit obligations in excess of plan assets were as follows:

	2023		2022
	As of March 31,
	2023		2022
Accumulated benefit obligation	$	11,116	$	11,357
Fair value of plan assets	$	9,740	$	9,422

SCHEDULE OF AMOUNTS RECOGNIZED IN BALANCE SHEET

Amounts recognized in the Company’s combined balance sheet related to the present value of defined benefit obligations consist of the following:

	2023			2022
	As of March 31,
	2023			2022
Current liabilities	$	-		$	-
Non-current liabilities		(1,677	)		(2,256	)
Total recognized in the combined balance sheet	$	(1,677	)	$	(2,256	)

SCHEDULE OF AMOUNTS RECOGNIZED IN OTHER COMPREHENSIVE INCOME

Amounts recognized in other comprehensive income in respect of the Pension Plans consist of the following:

	2023		2022
	Years Ended March 31,
	2023		2022
Net loss (gain)	$	294	$	(1,445	)
Prior service cost		136		140
Other comprehensive loss (income)	$	430	$	(1,305	)

SCHEDULE OF PRINCIPAL ASSUMPTIONS USED FOR THE PURPOSE OF ACTUARIAL VALUATION

The principal assumptions used for the purpose of actuarial valuation of the Pension Plans are as follows:

	2023			2022
	As of March 31,
	2023			2022
Discount rate		2.10	%		1.40	%
Expected return on plan assets		3.50	%		2.74	%
Expected rate of salary increase		1.00	%		1.00	%

SCHEDULE OF WEIGHTED AVERAGE ASSET ALLOCATION

The table below represents the Company’s Pension Plans’ weighted-average asset allocation as of March 31, 2023 and 2022 by asset category:

	2023			2022
	As of March 31,
	2023			2022
Equity securities		33.99	%		35.00	%
Debt securities		26.43	%		29.78	%
Other, primarily cash and cash equivalents, and hedge funds		39.58	%		35.22	%

DIH HOLDING US, INC. AND SUBSIDIARIES

NOTES TO COMBINED FINANCIAL STATEMENTS

(in thousands)

The table below presents the target allocation for each major asset category for the Company’s Pension Plans for the years ended March 31, 2023 and 2022:

	2023			2022
	Years Ended March 31,
	2023			2022
Equity securities		34.00	%		34.00	%
Debt securities		28.00	%		33.00	%
Other, primarily cash and cash equivalents, and hedge funds		38.00	%		33.00	%

SCHEDULE OF FAIR VALUE OF PLAN ASSETS

The following tables provides the fair value of plan assets held by the Company’s Pension Plans by asset category and by fair value hierarchy level:

	Level 1		Level 2		Level 3		Total
	As of March 31, 2023
	Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	234	$	-	$	-	$	234
Equity securities		3,468		-		-		3,468
Debt securities		2,493		-		-		2,493
Real estate		-		2,328		-		2,328
Non-traditional assets		-		1,217		-		1,217
Total	$	6,195	$	3,545	$	-	$	9,740

	Level 1		Level 2		Level 3		Total
	As of March 31, 2022
	Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	302	$	-	$	-	$	302
Equity securities		3,185		-		-		3,185
Debt securities		2,535		-		-		2,535
Real estate		-		2,186		-		2,186
Non-traditional assets		-		1,214		-		1,214
Total	$	6,022	$	3,400	$	-	$	9,422

SCHEDULE OF EXPECTED BENEFIT PAYMENTS

The following table presents expected Pension Plans payments over the next 10 years:

	Amount
Year Ending March 31,
2024	$	124
2025		129
2026		313
2027		160
2028		164
2029-2033		1,080

OTHER CURRENT ASSETS

3 Months Ended

12 Months Ended

Jun. 30, 2023

Mar. 31, 2023

OTHER CURRENT ASSETS

8. Other current assets

OTHER CURRENT ASSETS

Other current assets as of June 30, 2023 and March 31, 2023 consisted of the following:

SCHEDULE OF OTHER CURRENT ASSETS

	As of June 30, 2023		As of March 31, 2023
Other receivables	$	2,263	$	1,963
Other current assets		2,924		3,247
Total other current assets	$	5,187	$	5,210

8. Other current assets

OTHER CURRENT ASSETS

Other current assets as of March 31, 2023 and 2022 consisted of the following:

SCHEDULE OF OTHER CURRENT ASSETS

	2023		2022
	As of March 31,
	2023		2022
Other receivables	$	1,963	$	1,885
Other current assets		3,247		1,026
Total other current assets	$	5,210	$	2,911

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

INCOME TAXES (Tables) - DIH Holding US, Inc. [Member]

12 Months Ended

Mar. 31, 2023

SCHEDULE OF COMPONENTS LOSS BEFORE INCOME TAX

The components of loss before income tax for the years ended March 31, 2023 and 2022 were as follows:

	2023			2022
	Years Ended March 31,
	2023			2022
					As Restated
U.S. operations	$	(5,513	)	$	(7,916	)
Non-U.S. operations		5,182		$	(3,441	)
Total loss before income taxes	$	(331	)	$	(11,357	)

SCHEDULE OF PROVISION FOR INCOME TAXES

The provision for income taxes during the years ended March 31, 2023 and 2022 consists of the following:

	2023		2022
	Years Ended March 31,
	2023		2022
Current:
State	$	-	$	-
Federal		-		-
Foreign		1,435		391
Deferred:
State		-		-
Federal		-		-
Foreign		70		55
		-		-
Noncurrent
State		-		-
Federal		525		250
Foreign		-		-

Total	$	2,030	$	696

SCHEDULE OF RECONCILIATION INCOME TAX EXPENSE

A reconciliation of income tax expense computed at the statutory corporate income tax rate to the effective income tax rate for the years ended March 31, 2023 and 2022 is as follows:

	2023			2022
	Years Ended March 31,
	2023			2022
Tax expense computed at federal statutory rate		21.0	%		21.0	%
State tax		(273.0	)%		2.0	%
Change in valuation allowance		2,245.5	%		(21.6	)%
Foreign rate differential		(195.5	)%		0.7	%
Non-deductible expenses		1,426.3	%		(5.6	)%
Penalties		1,124.0	%		(2.0	)%
Other		(2.4	)%		(0.4	)%
Total income tax expense		4,345.9	%		(5.9	)%

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

	2023			2022
	As of March 31,
	2023			2022
Deferred tax assets:
Net operating loss carryforwards	$	7,863		$	6,989
Pension		323			432
Accrued expenses		138			26
Section 163(j) interest expense carryforward		165			125
Capitalized R&D		689			567
GAAP to statutory adjustments		393			747
Other		152			76
Total gross deferred tax assets		9,723			8,962
Less: valuation allowance		(9,187	)		(8,193	)
Total deferred tax assets, net of valuation allowance	$	536		$	769
Deferred tax liabilities:
Depreciation	$	7		$	9
GAAP to statutory adjustments		869			963
Other		51			149
Total gross deferred tax liabilities		927			1,121
Net deferred tax liabilities	$	391		$	352

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Condensed Statements of Operations - USD ($)	3 Months Ended		5 Months Ended		6 Months Ended		12 Months Ended
Condensed Statements of Operations - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2021	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Cost of sales									$ 24,264,000
Gross profit									24,774,000
Operating expenses:
Selling, general, and administrative expense									27,276,000
Total operating expenses									35,232,000
Formation and operating costs	$ 837,555	$ 193,673	$ 9,963		$ 2,389,231	$ 991,071		$ 1,705,315
Operating loss	(837,555)	(193,673)	(9,963)		(2,389,231)	(991,071)		(1,705,315)	(10,458,000)
Other income (expense):
Change in fair value of warrant liability	291,180	1,139,452			212,600	4,776,047		5,191,127
Gain on extinguishment of over-allotment liability						258,440		258,440
Dividend income on marketable securities held in Trust Account	697,219	253,141			1,966,104	253,141		2,859,903
Total other expense	988,399	1,392,593			2,178,704	5,287,628		8,309,470
Loss before income taxes									(11,357,000)
Net income (loss)	150,844	1,198,920	$ (9,963)		$ (210,527)	$ 4,296,557		$ 6,604,155	(12,053,000)
DIH Holding US, Inc. [Member]
Revenue	13,174,000	7,870,000					$ 54,998,000		49,038,000
Cost of sales	6,892,000	3,333,000					20,456,000		24,264,000
Gross profit	6,282,000	4,537,000					34,542,000		24,774,000
Operating expenses:
Selling, general, and administrative expense	6,693,000	5,966,000					26,415,000		27,276,000
Research and development	1,788,000	2,190,000					8,345,000		7,956,000
Total operating expenses	8,481,000	8,156,000					34,760,000		35,232,000
Operating loss	(2,199,000)	(3,619,000)					(218,000)		(10,458,000)
Other income (expense):
Interest expense	(232,000)	(212,000)					(780,000)		(517,000)
Other income (expense), net	(705,000)	501,000					667,000		(382,000)
Total other expense	(937,000)	289,000					(113,000)		(899,000)
Loss before income taxes	(3,136,000)	(3,330,000)					(331,000)		(11,357,000)
Income tax expense	226,000	628,000					2,030,000		696,000
Net income (loss)	$ (3,362,000)	$ (3,958,000)					$ (2,361,000)		$ (12,053,000)
Common Class A [Member]
Other income (expense):
Basic weighted average shares outstanding	5,670,123	20,200,000			8,800,870	15,847,514		18,041,644
Diluted weighted average shares outstanding	5,670,123	20,200,000			8,800,870	15,847,514		18,041,644
Basic net (loss) income per share	$ 0.01	$ 0.05			$ (0.01)	$ 0.20		$ 0.28
Diluted net (loss) income per share	$ 0.01	$ 0.05			$ (0.01)	$ 0.20		$ 0.28
Nonredeemable Common Stock [Member]
Other income (expense):
Basic weighted average shares outstanding	5,353,000	5,353,000		5,000,000	5,353,000	5,276,939		5,315,282
Diluted weighted average shares outstanding	5,353,000	5,353,000		5,000,000	5,353,000	5,276,939		5,315,282
Basic net (loss) income per share	$ 0.01	$ 0.05		$ (0.00)	$ (0.01)	$ 0.20		$ 0.28
Diluted net (loss) income per share	$ 0.01	$ 0.05		$ (0.00)	$ (0.01)	$ 0.20		$ 0.28

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)

3 Months Ended

12 Months Ended

Jun. 30, 2023

Mar. 31, 2023

SCHEDULE OF ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and other current liabilities as of June 30, 2023 and March 31, 2023 consisted of the following:

	As of June 30, 2023		As of March 31, 2023
Taxes payable		3,821		3,823
Other payables and current liabilities		7,039		8,588
Total accrued expenses and other current liabilities	$	10,860	$	12,411

Accrued expenses and other current liabilities as of March 31, 2023 and 2022 consisted of the following:

	2023		2022
	As of March 31,
	2023		2022
			As Restated
Taxes payable		3,823		2,657
Other payables and current liabilities		8,588		5,396
Total accrued expenses and other current liabilities	$	12,411	$	8,053

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

SCHEDULE OF PENSION PLANS (Details) - DIH Holding US, Inc. [Member] - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023	Mar. 31, 2022
Multiemployer Plan [Line Items]
Current service cost	$ 167	$ 172	$ 687	$ 962
Interest cost	60	40	158	51
Expected return on plan assets	(87)	(63)	(249)	(294)
Amortization of net gain	(39)	(45)	(179)
Settlement gain		(175)	(699)	(860)
Amortization of prior service credit	(35)	(34)	(135)	(141)
Net charge to statement of operations	$ 66	$ (105)	$ (417)	$ (282)

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

SCHEDULE OF FAIR VALUE OF PLAN ASSETS (Details) - DIH Holding US, Inc. [Member] - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Total	$ 9,740	$ 9,422	$ 11,576
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	9,740	9,422
Pension Plan [Member] \| Defined Benefit Plan, Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	234	302
Pension Plan [Member] \| Defined Benefit Plan, Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	3,468	3,185
Pension Plan [Member] \| Defined Benefit Plan, Debt Security [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	2,493	2,535
Pension Plan [Member] \| Defined Benefit Plan, Real Estate [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	2,328	2,186
Pension Plan [Member] \| Defined Benefit Plan Non Traditional Assets [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	1,217	1,214
Fair Value, Inputs, Level 1 [Member] \| Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	6,195	6,022
Fair Value, Inputs, Level 1 [Member] \| Pension Plan [Member] \| Defined Benefit Plan, Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	234	302
Fair Value, Inputs, Level 1 [Member] \| Pension Plan [Member] \| Defined Benefit Plan, Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	3,468	3,185
Fair Value, Inputs, Level 1 [Member] \| Pension Plan [Member] \| Defined Benefit Plan, Debt Security [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	2,493	2,535
Fair Value, Inputs, Level 1 [Member] \| Pension Plan [Member] \| Defined Benefit Plan, Real Estate [Member]
Defined Benefit Plan Disclosure [Line Items]
Total
Fair Value, Inputs, Level 1 [Member] \| Pension Plan [Member] \| Defined Benefit Plan Non Traditional Assets [Member]
Defined Benefit Plan Disclosure [Line Items]
Total
Fair Value, Inputs, Level 2 [Member] \| Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	3,545	3,400
Fair Value, Inputs, Level 2 [Member] \| Pension Plan [Member] \| Defined Benefit Plan, Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Total
Fair Value, Inputs, Level 2 [Member] \| Pension Plan [Member] \| Defined Benefit Plan, Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Total
Fair Value, Inputs, Level 2 [Member] \| Pension Plan [Member] \| Defined Benefit Plan, Debt Security [Member]
Defined Benefit Plan Disclosure [Line Items]
Total
Fair Value, Inputs, Level 2 [Member] \| Pension Plan [Member] \| Defined Benefit Plan, Real Estate [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	2,328	2,186
Fair Value, Inputs, Level 2 [Member] \| Pension Plan [Member] \| Defined Benefit Plan Non Traditional Assets [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	1,217	1,214
Fair Value, Inputs, Level 3 [Member] \| Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Total
Fair Value, Inputs, Level 3 [Member] \| Pension Plan [Member] \| Defined Benefit Plan, Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Total
Fair Value, Inputs, Level 3 [Member] \| Pension Plan [Member] \| Defined Benefit Plan, Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Total
Fair Value, Inputs, Level 3 [Member] \| Pension Plan [Member] \| Defined Benefit Plan, Debt Security [Member]
Defined Benefit Plan Disclosure [Line Items]
Total
Fair Value, Inputs, Level 3 [Member] \| Pension Plan [Member] \| Defined Benefit Plan, Real Estate [Member]
Defined Benefit Plan Disclosure [Line Items]
Total
Fair Value, Inputs, Level 3 [Member] \| Pension Plan [Member] \| Defined Benefit Plan Non Traditional Assets [Member]
Defined Benefit Plan Disclosure [Line Items]
Total

SHAREHOLDERS’ EQUITY

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Equity [Abstract]

SHAREHOLDERS’ EQUITY

NOTE 6. SHAREHOLDERS’ EQUITY

Preference shares-The Company is authorized to issue up to 5,000,000 preference shares with a par value of $0.0001 per share with such designation, rights and preferences as may be determined from time to time by the Company’s board of directors. At June 30, 2023 and December 31, 2022, there were no preferred shares issued or outstanding.

Class A ordinary shares- The Company is authorized to issue up to 500,000,000 Class A ordinary shares with a par value of $0.0001 per share. Holders of the Company’s Class A ordinary shares are entitled to one vote for each share. At June 30, 2023 and December 31, 2022, there were 303,000 Class A Ordinary Shares issued or outstanding, excluding 5,670,123 and 20,200,000 shares subject to possible redemption as presented in temporary equity as of June 30, 2023 and December 31, 2022, respectively.

Class B ordinary shares- The Company is authorized to issue up to 50,000,000 Class B ordinary shares with a par value of $0.0001 per share. At June 30, 2023 and December 31, 2022, there were 5,050,000 Class B ordinary shares issued and outstanding.

Ordinary shareholders of record are entitled to one vote for each share held on all matters to be voted on by shareholders and holders of Class A ordinary shares and holders of Class B ordinary shares will vote together as a single class on all matters submitted to a vote of the shareholders except as required by law.

For so long as any Class B ordinary shares remain outstanding, we may not, without the prior vote or written consent of the holders of a majority of the Class B ordinary shares then outstanding, voting separately as a single class, amend, alter or repeal any provision of our memorandum and articles of association, whether by merger, consolidation or otherwise, if such amendment, alteration or repeal would alter or change the powers, preferences or relative, participating, optional or other or special rights of the Class B ordinary shares. Any action required or permitted to be taken at any meeting of the holders of Class B ordinary shares may be taken without a general meeting, without prior notice and without a vote, if a consent or consents in writing, setting forth the action so taken, shall be signed by the holders of the outstanding Class B ordinary shares having not less than the minimum number of votes that would be necessary to authorize or take such action at a general meeting at which all Class B ordinary shares were present and voted.

The Class B ordinary shares will automatically convert into Class A ordinary shares at the time of a Business Combination on a one-for-one basis, subject to adjustment. In the case that additional Class A ordinary shares, or equity-linked securities, are issued or deemed issued in excess of the amounts offered in the IPO and related to the closing of a Business Combination, the ratio at which Class B ordinary shares shall convert into Class A ordinary shares will be adjusted (unless the holders of a majority of the outstanding Class B ordinary shares to waive such adjustment with respect to any such issuance or deemed issuance) so that the number of Class A ordinary shares issuable upon conversion of all Class B ordinary shares will equal, in the aggregate, on an as-converted basis, 20% of the sum of the total number of all ordinary shares outstanding upon the completion of the IPO plus all Class A ordinary shares and equity-linked securities issued or deemed issued by the Company in connection with or in relation to the completion of the initial Business Combination, any Class A ordinary shares or equity-linked securities exercisable for or convertible into Class A ordinary shares issued, or to be issued, to any seller in the initial Business Combination and any private placement warrants issued to the Sponsor upon conversion of Working Capital Loans. In no event will the Class B ordinary shares convert into Class A ordinary shares at a rate of less than one to one.

Rights- Except in cases where the Company is not the surviving company in a Business Combination, each holder of a right will automatically receive one-tenth (1/10) of one Class A ordinary share upon consummation of a Business Combination, even if the holder of a right redeemed all shares held by him, her or it in connection with a Business Combination or an amendment to the Company’s Amended and Restated Memorandum of Association with respect to its pre-business combination activities. In the event that the Company will not be the surviving company upon completion of a Business Combination, each holder of a right will be required to affirmatively exchange his, her or its rights in order to receive the one-tenth (1/10) of a share underlying each right upon consummation of the Business Combination.

The Company will not issue fractional shares in connection with an exchange of rights. Fractional shares will either be rounded down to the nearest whole share or otherwise addressed in accordance with the applicable provisions of the Cayman Islands law. As a result, the holders of the rights must hold rights in multiples of 10 in order to receive shares for all of the holders’ rights upon closing of a Business Combination. If the Company is unable to complete an initial Business Combination within the Combination Period and the Company redeems the Public Shares for the funds held in the Trust Account, holders of rights will not receive any of such funds for their rights and the rights will expire worthless.

NOTE 6. SHAREHOLDERS’ EQUITY

Preference shares – The Company is authorized to issue up to 5,000,000 preference shares with a par value of $0.0001 per share with such designation, rights and preferences as may be determined from time to time by the Company’s board of directors. At December 31, 2022 and 2021, there were no preferred shares issued or outstanding.

Class A ordinary shares – The Company is authorized to issue up to 500,000,000 Class A ordinary shares with a par value of $0.0001 per share. Holders of the Company’s Class A ordinary shares are entitled to one vote for each share. At December 31, 2022 and 2021, there were 303,000 and zero Class A ordinary shares issued and outstanding, respectively, excluding 20,200,000 and zero shares subject to possible redemption, respectively, as presented in temporary equity.

Class B ordinary shares – The Company is authorized to issue up to 50,000,000 Class B ordinary shares with a par value of $0.0001 per share. At December 31, 2022 and 2021, there were 5,050,000 and 5,750,000 Class B ordinary shares issued and outstanding, respectively.

Rights – Except in cases where the Company is not the surviving company in a Business Combination, each holder of a right will automatically receive one-tenth (1/10) of one Class A ordinary share upon consummation of a Business Combination, even if the holder of a right redeemed all shares held by him, her or it in connection with a Business Combination or an amendment to the Company’s Amended and Restated Memorandum of Association with respect to its pre-business combination activities. In the event that the Company will not be the surviving company upon completion of a Business Combination, each holder of a right will be required to affirmatively exchange his, her or its rights in order to receive the one-tenth (1/10) of a share underlying each right upon consummation of the Business Combination.

The entire disclosure for equity.

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SCHEDULE OF RIGHT-OF-USE LEASE ASSETS AND LEASE LIABILITIES (Details) - DIH Holding US, Inc. [Member] - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023	Mar. 31, 2022
Restructuring Cost and Reserve [Line Items]
Operating lease, right-of-use assets, net	$ 5,134	$ 3,200	$ 4,807
Current portion of long-term operating lease	1,667	1,255	1,743
Long-term operating lease	3,492	1,970	3,099
Total operating lease liabilities	$ 5,159	$ 3,225	$ 4,842

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

REVENUE RECOGNITION (Tables)

3 Months Ended

12 Months Ended

Jun. 30, 2023

Mar. 31, 2023

SCHEDULE OF DISAGGREGATION OF REVENUE

	2023		2022
	For the Three Months Ended June 30,
	2023		2022
Devices	$	10,338	$	5,129
Services		2,609		2,648
Other		227		93
Total revenue, net	$	13,174	$	7,870

The Company disaggregates its revenue with customers by category and by geographic region based on customer location, see Note 4 for further information. The following represents the net revenue for the years ended March 31, 2023 and 2022, based on revenue category:

SCHEDULE OF DISAGGREGATION OF REVENUE

	2023		2022
	Years Ended March 31,
	2023		2022
				As Restated
Devices	$	43,401	$	39,659
Services		10,293		8,104
Other		1,304		1,275
Total revenue, net	$	54,998	$	49,038

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

REVENUE RECOGNITION (Details Narrative) - DIH Holding US, Inc. [Member] - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Restructuring Cost and Reserve [Line Items]
Deferred revenue	$ 11,991	$ 11,656	$ 7,742
Deferred revenue, revenue recognized	8,729	5,440	5,440	$ 6,120
Revenue, remaining performance obligation, amount	$ 681	$ 3,119	$ 2,302
Deferred revenue recognized	2 years	4 years	3 years

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

SCHEDULE OF INVENTORIES, NET (Details) - DIH Holding US, Inc. [Member] - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023	Mar. 31, 2022
Restructuring Cost and Reserve [Line Items]
Raw materials and spare parts	$ 6,400	$ 5,908	$ 5,108
Work in process	1,788	1,146	1,362
Finished goods	1,761	593	1,489
Less: reserves	(2,189)	(1,526)	(3,167)
Total inventories, net	$ 7,760	$ 6,121	$ 4,792

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

INITIAL PUBLIC OFFERING (Details Narrative) - $ / shares		6 Months Ended	12 Months Ended
	Feb. 09, 2022	Jun. 30, 2023	Dec. 31, 2022
Common Class A [Member]
Subsidiary, Sale of Stock [Line Items]
Sale of stock, price per share	$ 10.00
IPO [Member]
Subsidiary, Sale of Stock [Line Items]
Stock issued during period, shares, new issues		303,000	303,000
Share price	$ 10.10
Term of restricted investments	185 days
IPO [Member] \| Common Class A [Member]
Subsidiary, Sale of Stock [Line Items]
Stock issued during period, shares, new issues	20,200,000
Common stock, conversion basis	Each Unit consists of one Class A ordinary share, one redeemable warrant (each whole warrant, a “Public Warrant”), and one right to receive one-tenth of one Class A ordinary share upon the consummation of the Company’s initial Business Combination. Each two Public Warrants entitle the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to adjustment (see Note 8).
Over-Allotment Option [Member] \| Common Class A [Member]
Subsidiary, Sale of Stock [Line Items]
Stock issued during period, shares, new issues	200,000
Sale of stock, price per share	$ 10.00

SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE (Details) - DIH Holding US, Inc. [Member]	Jun. 30, 2023	Mar. 31, 2023	Mar. 31, 2022
Restructuring Cost and Reserve [Line Items]
Weighted-average remaining lease term (in years)	2 years 9 months 14 days	2 years 9 months 7 days	3 years 8 months 15 days
Weighted-average discount rate	4.00%	4.00%	4.00%

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.