Dirtt announces exercise in full of over-allotment option

Calgary, alberta, jan. 29, 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 that the underwriters (as defined below) have exercised in full and closed on their over-allotment option (the "over-allotment option") to purchase up to an additional c$5.25 million aggregate principal amount of 6.00% convertible unsecured subordinated debentures in connection with the previously announced offering, which closed on january 25, 2021 (the "offering"). as a result of the underwriters' exercise of the over-allotment option in full, the aggregate gross proceeds of the offering were c$40.25 million.
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