4/A: Aron English Amends Form 4 Filing to Correctly Report Common Shares Acquired in DIRTT Environmental Solutions Rights Offering

Aron English files an amended Form 4 to correct the amount of Common Shares received in DIRTT Environmental Solutions' CA$30.0 million rights offering, including shares acquired through oversubscription rights.

Summary

• Aron English, a director and 10% owner of DIRTT Environmental Solutions Ltd, filed an amended Form 4 with the SEC on March 26, 2024.
• This amendment corrects a previous filing from January 23, 2024, regarding the number of Common Shares acquired through a rights offering.
• The correction includes an additional 22,776 Common Shares received through the exercise of oversubscription rights in the CA$30.0 million rights offering announced on January 9, 2024.
• The reporting person did not receive confirmation of the final amount of Common Shares allocated pursuant to his oversubscription rights until after the filing of the prior Form 4.
• The total amount of Common Shares directly owned by the Reporting Person is 7,492,943.
• The rights offering allowed subscription for 0.81790023 Common Shares per right, rounded down, with oversubscription rights, at CA$0.35 per share.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a correction in reporting related to a previously announced rights offering, indicating active management and compliance.

Positives

• Aron English participated fully in the rights offering and exercised his oversubscription rights.
• The amendment ensures accurate reporting of share ownership.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency in the market.

Stakeholder Impact

• Shareholders benefit from accurate reporting of insider transactions.

Key Dates