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Dirtt Announces Completion Of C$35 Million Convertible Debenture Bought Deal Financing

Dirtt Announces Completion Of C$35 Million Convertible Debenture Bought Deal Financing

12/01/21, 8:22 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/CA.svgcalgary
Money raised
$35 million
DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”) (TSX:DRT, NASDAQ:DRTT), an interior construction company that uses proprietary software to design, manufacture and install fully customizable environments, is pleased to announce the successful closing of the issue and sale of C$35 million aggregate principal amount of 6.25% convertible unsecured subordinated debentures (the "Debentures"). The Debentures were offered to the public (the “Offering”) through a syndicate of underwriters (the "Underwriters") led by National Bank Financial Inc. The Company has also granted the Underwriters an over-allotment option to purchase up to an additional C$5.25 million aggregate principal amount of Debentures on the same terms, exercisable in whole or in part at any time up to the 30th day following the closing of the Offering.

Company Info

Company
Dirtt
Location
calgary, alberta, canada
Additional Info
DIRTT has manufacturing facilities in Phoenix, AZ, Savannah, GA, Rock Hill, SC and Calgary, AB. DIRTT is a building process powered by technology.