22NW Fund, LP News Releases

WWT Opportunity Fund #1 LLC Announces Agreement with DIRTT

Tue, 06 Aug 2024 20:30:00 -0400

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...

22NW Announces Agreements with DIRTT

Fri, 02 Aug 2024 21:55:00 -0400

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%...

22NW Announces Support for DIRTT's Governance Initiatives

Fri, 22 Mar 2024 19:39:00 -0400

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...

22NW Fund Purchases DIRTT Shares Through Rights Offering

Mon, 22 Jan 2024 17:57:00 -0500

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 general...

22NW Purchases Shares of DIRTT Environmental Solutions Ltd.

Sat, 02 Dec 2023 20:10:00 -0500

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...

22NW Fund Purchases Debentures of DIRTT Environmental Solutions Ltd

Wed, 20 Sep 2023 09:06:00 -0400

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 as...

22NW Fund Increases Ownership of Shares of DIRTT Environmental Solutions Ltd.

Thu, 01 Jun 2023 15:49:00 -0400

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...