Dirtt Environmental agrees to reimburse 22NW for expenses related to election

DIRTT Environmental Solutions entered into agreements with Aron English and 22NW Fund, where the Company acknowledges it is indebted to and will reimburse 22NW for the expenses incurred by 22NW in connection with the Company’s contested director election at the annual and special meeting of shareholders held on April 26, 2022. The total expenses to be reimbursed are $1,559,898. Subject to the receipt of shareholder approval, which is required under the rules of the Toronto Stock Exchange and the Nasdaq Capital Market, the Company has agreed to issue common shares as settlement of the debt. The issuance of the shares, priced at $0.40, will be put before the Company’s shareholders for consideration and approval at the Company’s upcoming 2023 annual and special meeting.