DIRTT raises $2.77M in private placement from insiders and largest shareholders

DIRTT ENVIRONMENTAL SOLUTIONS LTD

Issued up to 8.74M common shares at price ≥ $0.3173 (Nov 14 closing bid).
Two largest shareholders (22NW Fund, 726 entities) commit $0.5M and $0.75M respectively.
Directors and executive officers commit approximately $1.5M of the total.
Each institutional purchaser commits at least $1.0M standby in any rights offering within one year.
Closing expected Nov 23, 2022, subject to TSX and regulatory approvals.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

DIRTT ENVIRONMENTAL SOLUTIONS LTD entered into Subscription Agreements with 22NW Fund, LP, 726 BC LLC, 726 BF LLC, and individual purchasers valued at $2,774,235 (effective 2022-11-14).

Action: entry
Agreement: equity purchase
Counterparty: 22NW Fund, LP, 726 BC LLC, 726 BF LLC, and individual purchasers
Value: $2,774,235
Effective: 2022-11-14

Exact text from the filing

Pursuant to the Subscription Agreements, the Company agreed to issue and sell to the Purchasers, and the Purchasers agreed to purchase from the Company, up to an aggregate of 8,743,256 common shares of the Company (“Common Shares”), having an aggregate subscription price of $2,774,235 (the “Private Placement”).

View on SEC.gov

Browse all material agreements →

DIRTT ENVIRONMENTAL SOLUTIONS LTD filing history →

Source: SEC EDGAR

accession 0001193125-22-288017

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.