---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-283393"
form_type: "8-K"
ticker: "DRTTF"
cik: "0001340476"
company_name: "DIRTT ENVIRONMENTAL SOLUTIONS LTD"
filed_at: "2023-11-27T23:59:59+00:00"
generated_at: "2026-06-07T21:23:25.565260+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# DIRTT launches C$30M rights offering backed by insiders 22NW and 726

## Summary
- Rights offering for C$30M (85.7M shares) at C$0.35/share; record date Dec 12, 2023; rights expire Jan 5, 2024.
- Standby Purchase Agreement with 22NW and 726 ensures full C$30M; each backstops up to C$15M.
- Proceeds to reduce convertible debentures, lease facilities, equipment debt, and for general corporate purposes.
- 22NW and 726 hold ~20.4% and ~16.2% of shares respectively; directors Aron English and Shaun Noll are associated.
- Standby purchasers receive no fee; reimbursement of legal expenses up to C$30,000 each.

## SEC filing metadata
- accession: 0001193125-23-283393
- form_type: 8-K
- ticker: DRTTF
- cik: 0001340476
- company_name: DIRTT ENVIRONMENTAL SOLUTIONS LTD
- filed_at: 2023-11-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1340476/000119312523283393/0001193125-23-283393-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1340476/000119312523283393/d536044d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-283393
- JSON: https://secwatch.observer/filing/0001193125-23-283393.json
- Plain text: https://secwatch.observer/filing/0001193125-23-283393.txt

## Key facts
- Material Agreements
  DIRTT ENVIRONMENTAL SOLUTIONS LTD entered into Standby Purchase Agreement with 22NW Fund, LP and 726 BC LLC and 726 BF LLC valued at C$30,000,000 (effective 2023-11-20).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: 22NW Fund, LP and 726 BC LLC and 726 BF LLC
  - Value: C$30,000,000
  - Effective: 2023-11-20
  source text: on November 20, 2023, the Company entered into a Standby Purchase Agreement (the “Standby Purchase Agreement”) with 22NW Fund, LP (“22NW”) and 726 BC LLC and 726 BF LLC (collectively, “726” and together with 22NW, the “Standby Purchasers”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1340476/000119312523283393/0001193125-23-283393-index.htm

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