---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-288017"
form_type: "8-K"
ticker: "DRTTF"
cik: "0001340476"
company_name: "DIRTT ENVIRONMENTAL SOLUTIONS LTD"
filed_at: "2022-11-18T23:59:59+00:00"
generated_at: "2026-06-21T15:42:52.295203+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-288017
- form_type: 8-K
- ticker: DRTTF
- cik: 0001340476
- company_name: DIRTT ENVIRONMENTAL SOLUTIONS LTD
- filed_at: 2022-11-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1340476/000119312522288017/0001193125-22-288017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1340476/000119312522288017/d606517d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-288017
- JSON: https://secwatch.observer/filing/0001193125-22-288017.json
- Plain text: https://secwatch.observer/filing/0001193125-22-288017.txt

## Key facts
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1340476/000119312522288017/0001193125-22-288017-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.