DIRTT Environmental Solutions Ltd. ("DIRTT" or the "Company") (TSX:DRT, NASDAQ:DRTT), a global leader in industrialized construction, is pleased to announce that it has issued 3,899,745 common shares of DIRTT to 22NW Fund, LP at a deemed price of $0.40 per common share, as reimbursement for legal and other expenses incurred by 22NW Fund, LP in connection with the Company's contested director election at the annual and special meeting of shareholders held on April 26, 2022. The agreement to issue the common shares was previously announced by the Company on March 16, 2023, subject to shareholder approval, which approval was received at the 2023 annual and special meeting of shareholders held on May 30, 2023.
DIRTT is a leader in industrialized construction. DIRTT’s system of physical products and digital tools empowers organizations, together with construction and design leaders, to build high-performing, adaptable, interior environments. Operating in the workplace, healthcare, education, and public sector markets, DIRTT’s system provides total design freedom, and greater certainty in cost, schedule and outcomes. Headquartered in Calgary, AB Canada, DIRTT trades on Nasdaq under the symbol “DRTT” and on the Toronto Stock Exchange under the symbol “DRT”.
For further information please contact:
DIRTT Investor Relations