DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTTF): restructuring charge — DIRTT terminates Rock Hill lease, pays $1M fee, expects $1.6M annual savings

DIRTT ENVIRONMENTAL SOLUTIONS LTD

Terminated 15-year lease for Rock Hill, SC facility effective Dec 30, 2025; paid $1.0M early termination fee.
Relieved of ~$10.5M future undiscounted rent obligations; expects $1.6M annual cost savings starting Jan 2026.
Will recognize a one-time non-cash impairment charge of approx. $2.3M on leasehold improvements.
Facility closed Sept 2023; production shifted to Calgary plants as part of operational transformation.

item 1.02 item 2.06 item 7.01 item 9.01

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 terminated Lease with PDM US, LLC valued at US$1 million (effective 2025-12-30).

Action: termination
Agreement: lease
Counterparty: PDM US, LLC
Value: US$1 million
Effective: 2025-12-30

Exact text from the filing

Effective December 30, 2025, the Lease was terminated pursuant to the Agreement, and the Tenant was relieved from any future rent obligations under the Lease in exchange for an early termination fee of US$1 million paid by the Tenant to PDM.

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Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

DIRTT ENVIRONMENTAL SOLUTIONS LTD announced a impairment with charges of approximately US$2.3 million affecting Rock Hill, South Carolina manufacturing facility.

Type: impairment
Charge: approximately US$2.3 million
Affected area: Rock Hill, South Carolina manufacturing facility

Exact text from the filing

The Company expects to recognize a one-time, non-cash impairment expense related to leasehold improvements of approximately US$2.3 million.

View on SEC.gov

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DIRTT ENVIRONMENTAL SOLUTIONS LTD filing history →

Source: SEC EDGAR

accession 0001193125-26-001564

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