8-K/A filed September 12, 2023, 7:59 PM ET ticker DRTTF CIK 0001340476

other material confidence high sentiment neutral materiality 0.75

DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTTF): Nasdaq/NYSE listing notice — DIRTT to delist from Nasdaq on Sep 15; trading to continue on TSX; expects $400K annual savings

DIRTT ENVIRONMENTAL SOLUTIONS LTD

Nasdaq delisting effective on or around Sep 15, 2023 after failing minimum bid price ($1.00) rule.
Company chooses not to appeal or perform reverse stock split; cites insufficient value from dual listing.
All shares remain tradeable on Toronto Stock Exchange (TSX) under symbol 'DRT'.
Estimated recurring annual cost savings of approximately USD $400,000 from delisting.
CEO states decision is part of strategy to streamline; business operations and SEC filings unaffected.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.82

DIRTT ENVIRONMENTAL SOLUTIONS LTD received a nasdaq compliance regained notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: compliance regained
Deficiency: minimum bid price
Rules: 5450(a)(1), 5810(c)(3)(A)

Exact text from the filing

March 7, 2023, Nasdaq notified the Company in writing that while the Company had not regained compliance with the Bid Price Rule, it was eligible for an additional 180 calendar day period, or until September 5, 2023, to regain compliance with the Bid Price Rule. The Company’s securities were transferred to The Nasdaq Capital Market at the opening of business on March 9, 2023. The Company did not regain compliance before the additional 180-day period expired on September 5, 2023. On September 6, 2023, the Company received notice from the Nasdaq that the Company's shares would be delisted. The C

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Source: SEC EDGAR

accession 0000950170-23-047541

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