DIH Holding receives Nasdaq delisting letter, intends to appeal

DIH Holding (DHAI) received a notice from Nasdaq that it had failed to regain compliance for continued listing requirements of Nasdaq. The company did not regain compliance with the MVLS Rule by September 1 and, accordingly, by letter dated September 2, the staff notified the company that its securities were subject to delisting from Nasdaq unless the company timely requests a hearing before the Nasdaq Hearing Panel. The company plans to timely request a hearing before the panel which will stay any further action for an initial period of 15 days. In connection with the hearing request, the company plans to also request for an extended stay of any further action pending the hearing.