---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-295517"
form_type: "8-K"
ticker: "DRTTF"
cik: "0001340476"
company_name: "DIRTT ENVIRONMENTAL SOLUTIONS LTD"
filed_at: "2022-11-30T23:59:59+00:00"
generated_at: "2026-06-21T11:33:52.242361+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# DIRTT settles contested election costs with 726 by issuing 638,996 shares; closes $2.8M private placement

## Summary
- Issued 638,996 common shares to 726 BC LLC and 726 BF LLC at $0.32/share to settle $204,479 in legal fees from 2022 contested director election.
- 726 now beneficially owns >10% of DIRTT common shares; Shaun Noll, a DIRTT director, serves as President/CIO of 726.
- Closed private placement to insiders at $0.32/share for aggregate gross proceeds of ~$2.8M, including the shares issued to 726.
- Net proceeds to be used for additional liquidity to support strategic initiatives.

## SEC filing metadata
- accession: 0001193125-22-295517
- form_type: 8-K
- ticker: DRTTF
- cik: 0001340476
- company_name: DIRTT ENVIRONMENTAL SOLUTIONS LTD
- filed_at: 2022-11-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1340476/000119312522295517/0001193125-22-295517-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1340476/000119312522295517/d393218d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-295517
- JSON: https://secwatch.observer/filing/0001193125-22-295517.json
- Plain text: https://secwatch.observer/filing/0001193125-22-295517.txt

## Key facts
- Material Agreements
  DIRTT ENVIRONMENTAL SOLUTIONS LTD entered into Release with 726 BC LLC and 726 BF LLC (together, “726”) (effective 2022-11-30).
  - Action: entry
  - Agreement: settlement
  - Counterparty: 726 BC LLC and 726 BF LLC (together, “726”)
  - Effective: 2022-11-30
  source text: The Company and 726 executed a Release, dated November 30, 2022 (the “Release”), which released and discharged the Company from any claims for legal fees or other expenses incurred by 726 in connection with the Company’s contested director elections in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1340476/000119312522295517/0001193125-22-295517-index.htm

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