WWT Opportunity Fund #1 LLC Announces Agreement with DIRTT
San Francisco, California--(Newsfile Corp. - August 6, 2024) - WWT Opportunity Fund #1 LLC ("WWT") announced today that it has entered into a Support and Standstill Agreement dated August 2, 2024 with DIRTT Environmental Solutions Ltd. ("DIRTT" or the "Issuer") and 22NW Fund, LP ("22NW"). This press release is also being disseminated as required by National Instrument 62-103 - The Early Warning System and Related Take Over Bids and Insider Reporting Issues ("NI 62-103") in connection with the...
2024-08-06 8:30 PM EDT
22NW Announces Agreements with DIRTT
Seattle, Washington--(Newsfile Corp. - August 2, 2024) - 22NW Fund, LP ("22NW") announced today that it has entered into two agreements with DIRTT Environmental Solutions Ltd. ("DIRTT" or the "Company"), being a debt repurchase agreement (the "Repurchase Agreement") and a support and standstill agreement (the "Support Agreement"). Pursuant to the Repurchase Agreement, DIRTT has purchased from 22NW for cancellation an aggregate of C$18,915,000 principal amount of DIRTT's outstanding 6.00%...
2024-08-02 9:55 PM EDT
22NW Announces Support for DIRTT's Governance Initiatives
Seattle, Washington--(Newsfile Corp. - March 22, 2024) - 22NW Fund, LP ("22NW") announced today that it has entered into a support and standstill agreement (the "Support Agreement") with DIRTT Environmental Solutions Ltd. ("DIRTT"). Pursuant to the Support Agreement: 22NW has agreed to support DIRTT's nominees for election as directors at DIRTT's 2024 and 2025 annual general meetings.22NW has agreed to not initiate a take-over bid for DIRTT as long as DIRTT's shareholder rights plan (the...
2024-03-22 7:39 PM EDT
22NW Fund Purchases DIRTT Shares Through Rights Offering
Seattle, Washington--(Newsfile Corp. - January 22, 2024) - 22NW Fund, LP ("22NW") announced today that its holding of common shares ("Shares") of DIRTT Environmental Solutions Ltd. ("DIRTT") has increased as a result of its purchase of Shares through exercise of rights issued by DIRTT under its rights offering (the "Rights Offering"), which DIRTT announced was completed on January 9, 2024. It has also transferred 4,117,741 Shares to Mr. Aron English, the Manager of 22NW Fund GP, LLC, the...
2024-01-22 5:57 PM EST
22NW Purchases Shares of DIRTT Environmental Solutions Ltd.
Seattle, Washington--(Newsfile Corp. - December 2, 2023) - 22NW Fund, LP ("22NW") announced today that it has purchased 4,524,378 shares ("Shares") of DIRTT Environmental Solutions Ltd. ("DIRTT") pursuant to an exemption under Canadian take-over bid rules.22NW owns 25,880,788 Shares, representing 23.1% of the issued and outstanding Shares. 22NW and joint actors own 27,660,607 Shares, representing 24.7% of the issued and outstanding Shares.22NW also owns debentures of DIRTT ("Debentures") that...
2023-12-02 8:10 PM EST
22NW Fund Purchases Debentures of DIRTT Environmental Solutions Ltd
Seattle, Washington--(Newsfile Corp. - September 20, 2023) - 22NW Fund, LP ("22NW") announced today that it has purchased through private sales $10,426,837 CAD of the 6.00% convertible unsecured subordinated debentures due 2026 and $6,836,048 CAD of the 6.25% convertible unsecured subordinated debentures due 2026 (collectively, the "Purchased Debentures") of DIRTT Environmental Solutions Ltd. ("DIRTT"). The Purchased Debentures were issued by DIRTT under its first supplemental indenture dated...
2023-09-20 9:06 AM EDT
22NW Fund Increases Ownership of Shares of DIRTT Environmental Solutions Ltd.
Seattle, Washington--(Newsfile Corp. - June 1, 2023) - 22NW Fund, LP ("22NW") announced today that its holdings of common shares ("Shares") of DIRTT Environmental Solutions Ltd. ("DIRTT") will increase as a result of the issuance by DIRTT of 3,899,745 Shares to 22NW (the "Share Issuance"). The Share Issuance is being made as reimbursement for legal fees and other expenses incurred by 22NW in connection with the contested director election at DIRTT's 2022 annual and special meeting. The Share...
2023-06-01 3:49 PM EDT
22NW Purchases Shares of DIRTT Environmental Solutions Ltd. in Private Placement
Seattle, Washington--(Newsfile Corp. - December 1, 2022) - 22NW Fund, LP ("22NW") announced today that it has purchased 1,562,500 shares ("Shares") of DIRTT Environmental Solutions Ltd. ("DIRTT") pursuant to the private placement transactions announced by DIRTT on November 14, 2022.22NW owns 17,456,665 Shares, representing 17.9% of the issued and outstanding Shares. 22NW and joint actors own 19,561,549 Shares, representing 20.1% of the issued and outstanding Shares.Depending on market...
2022-12-01 8:35 AM EST
22NW Fund Adds Outstanding Nominee for Election to the Board of DIRTT Environmental Solutions Ltd.
Seattle, Washington--(Newsfile Corp. - March 15, 2022) - 22NW Fund, LP ("22NW") announced today that it has nominated an additional outstanding candidate, Ms. Mary Garden, for election as a director of DIRTT Environmental Solutions Ltd. ("DIRTT") at DIRTT's Annual and Special Meeting to be held on April 26, 2022 (the "Meeting"). Ms. Garden joins Messrs. Aron English, Cory Mitchell, Douglas Edwards, Scott Robinson, Scott Ryan and Ken Sanders as nominees of 22NW for election as directors at the...
2022-03-15 2:56 PM EDT
22NW Prevails Against Complaints by DIRTT's Board
Seattle, Washington--(Newsfile Corp. - March 4, 2022) - 22NW Fund, LP ("22NW" or "we") today provided an update on its efforts to bring change to DIRTT Environmental Solutions Ltd. ("DIRTT"). On November 16, 2021, 22NW, the largest shareholder of DIRTT, holding almost 19% of DIRTT's outstanding shares, requisitioned a special meeting of the shareholders of DIRTT (the "Requisition") to remove six of the current members of the board of directors of DIRTT (the "Board") and replace them with six...
2022-03-04 7:44 PM EST
22NW Provides Update on Requisition of DIRTT Shareholder Meeting
Seattle, Washington--(Newsfile Corp. - January 14, 2022) - 22NW Fund, LP ("22NW") today provided an update on its requisition of a shareholders meeting of DIRTT Environmental Solutions Ltd. ("DIRTT"). 22NW is the largest shareholder of DIRTT, holding almost 19% of DIRTT's outstanding shares.22NW filed its definitive proxy statement pursuant to Section 14(a) of The Securities Exchange Act of 1934 on EDGAR on January 7, 2022 in connection with DIRTT's announced annual and special meeting of...
2022-01-14 2:17 PM EST
22NW Provides Update on Requisition of DIRTT Shareholder Meeting
Seattle, Washington--(Newsfile Corp. - January 6, 2022) - 22NW Fund, LP ("22NW") today provided an update on its requisition (the "Requisition") of a shareholders meeting of DIRTT Environmental Solutions Ltd. ("DIRTT"). 22NW is the largest shareholder of DIRTT, holding almost 19% of DIRTT's outstanding shares. On December 9, 2021, 22NW announced that it had submitted to DIRTT a term sheet for a settlement proposal (the "Proposal") related to the Requisition. The Proposal was not accepted by...
2022-01-06 3:02 PM EST
22NW Provides Update on DIRTT Shareholder Meeting Requisition
Seattle, Washington--(Newsfile Corp. - December 21, 2021) - 22NW Fund, LP ("22NW") today provided an update on its requisition (the "Requisition") for a meeting (the "Meeting") of shareholders of DIRTT Environmental Solutions Ltd. ("DIRTT") under the Business Corporations Act (Alberta) (the "ABCA"). On December 9, 2021, 22NW announced that it had submitted to DIRTT a term sheet for a settlement proposal (the "Proposal") under which Todd Lillibridge, Denise Karkkainen and Steve Parry would...
2021-12-21 3:30 PM EST
22NW Makes Proposal to DIRTT
Seattle, Washington--(Newsfile Corp. - December 9, 2021) - 22NW Fund, LP ("22NW") today provided an update on its requisition (the "Requisition") for a meeting (the "Meeting") of shareholders of DIRTT Environmental Solutions Ltd. ("DIRTT") under the Business Corporations Act (Alberta) (the "ABCA"). In the Requisition, which DIRTT received on November 17, 2021, 22NW requested that the Meeting be held no later than January 21, 2021. In response, DIRTT has called an annual and special meeting of...
2021-12-09 1:30 PM EST
22NW Provides Update on Requisition for DIRTT Environmental Solutions Meeting
Seattle, Washington--(Newsfile Corp. - November 29, 2021) - 22NW Fund, LP ("22NW") today provided an update on its requisition (the "Requisition") for a meeting (the "Meeting") of shareholders of DIRTT Environmental Solutions Ltd. ("DIRTT") under the Business Corporations Act (Alberta) (the "ABCA") to remove six of the eight current directors of DIRTT, being Todd Lillibridge, Denise Karkkainen, Shauna King, Jim Lynch, Steve Parry and Diana Rhoten, and replace them with six highly qualified...
2021-11-29 12:07 PM EST
22NW Fund Requisitions Shareholder Meeting to Replace DIRTT Board Members
Seattle, Washington--(Newsfile Corp. - November 17, 2021) - 22NW Fund, LP ("22NW") announced today that it has requisitioned a meeting (the "Meeting") of shareholders of DIRTT Environmental Solutions Ltd. ("DIRTT") under the Business Corporations Act (Alberta) to remove six of the eight current directors of DIRTT, being Todd Lillibridge, Denise Karkkainen, Shauna King, Jim Lynch, Steve Parry and Diana Rhoten, and replace them with six highly qualified director candidates, being Aron English,...
2021-11-17 4:20 PM EST
22NW Fund Will No Longer Rely on the Alternative Monthly Reporting System with Respect to DIRTT Environmental Solutions Ltd
Seattle, Washington--(Newsfile Corp. - October 8, 2021) - 22NW, LP ("22NW") will cease to file reports in accordance with the alternative monthly reporting system under Part 4 of National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues for DIRTT Environmental Solutions Ltd. ("DIRTT").22NW has engaged, and intends to continue to engage, in communications with DIRTT's management team and Board of Directors (the "Board") regarding means to...
2021-10-08 2:21 PM EDT