Dirtt announces completion of c$35 million convertible debenture bought deal financing

Calgary, alberta, jan. 25, 2021 (globe newswire) -- 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 6.00% convertible unsecured subordinated debentures (the "debentures"). the debentures were offered to the public 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.
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