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DIRTT Environmental Solutions (DRTTF) just unveiled an announcement.
DIRTT Environmental Solutions Ltd. has entered into a strategic agreement with 22NW Fund, LP, committing to a Support and Standstill Agreement that will influence board election outcomes in 2024 and 2025. This move, approved by DIRTT’s Board despite one dissenting vote, also involves a shareholder rights plan aimed at protecting equity holders in the event of a takeover bid. The rights plan, which will be attached to each common share, is designed to ensure fair treatment for all shareholders and will be subject to ratification within six months. This initiative reflects the company’s dedication to corporate governance and shareholder value preservation.
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