DIRTT Reimburses 22NW for Expenses Related to Contested Director Election
June 02 2023 - 4:30PM
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.
ABOUT DIRTT
DIRTT is a global leader in industrialized
construction. Its integrated 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 offers total design freedom,
and greater certainty in cost, schedule and outcomes. Headquartered
in Calgary, Alberta, Canada, DIRTT trades on Nasdaq under the
symbol “DRTT” and on the TSX under the symbol “DRT”.
FOR MORE INFORMATION, PLEASE CONTACT
DIRTT Investor Relations at ir@dirtt.com
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