Dirtt Environmental announces transfer to the Nasdaq Capital Market

DIRTT Environmental Solutions announced that it has been notified by the Nasdaq Stock Market that the Company is eligible for an additional 180 calendar day period, or until September 5, 2023, to regain compliance with the Nasdaq Listing Rule 5450(a)(1). If at any time during this time period the closing bid price of the Company’s common shares is at least $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written confirmation of compliance and the matter will be closed. In connection with the foregoing, the Company’s common shares were transferred to the Nasdaq Capital Market at the opening of business on March 9, 2023. The Company remains confident in future growth opportunities as discussed on the February 23, 2023 earnings call. Business operations are not affected by the receipt of the notification or the transfer of its common shares to the Nasdaq Capital Market.