DIH Holding US, Inc. announced that it has entered into a security purchase agreement to issue Senior Secured Convertible Debentures at a principal amount of $3,300,000 issued at a discount of 8% for the gross proceeds of $3,000,000 on June 6, 2024. The company will have a coupon rate of 8% and will be convertible into common shares of the company at a conversion price of $5 per share. The Debentures have maturity date of December 7, 2025.

The transaction included participation from new investor, Five Narrow Lane LP. The debentures are issued pursuant to Regulation D.