0000921895-23-002206.txt : 20230921 0000921895-23-002206.hdr.sgml : 20230921 20230921170312 ACCESSION NUMBER: 0000921895-23-002206 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230919 FILED AS OF DATE: 20230921 DATE AS OF CHANGE: 20230921 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: 22NW, LP CENTRAL INDEX KEY: 0001694297 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39061 FILM NUMBER: 231269689 BUSINESS ADDRESS: STREET 1: 590 1ST AVE S, UNIT C1 CITY: SEATTLE STATE: WA ZIP: 98104 BUSINESS PHONE: 206-437-9174 MAIL ADDRESS: STREET 1: 590 1ST AVE S, UNIT C1 CITY: SEATTLE STATE: WA ZIP: 98104 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: 22NW Fund, LP CENTRAL INDEX KEY: 0001640809 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39061 FILM NUMBER: 231269688 BUSINESS ADDRESS: STREET 1: 1455 NW LEARY WAY STREET 2: SUITE 400 CITY: SEATTLE STATE: WA ZIP: 98107 BUSINESS PHONE: 206-227-3078 MAIL ADDRESS: STREET 1: 1455 NW LEARY WAY STREET 2: SUITE 400 CITY: SEATTLE STATE: WA ZIP: 98107 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: 22NW GP, Inc. CENTRAL INDEX KEY: 0001783663 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39061 FILM NUMBER: 231269686 BUSINESS ADDRESS: STREET 1: 1455 NW LEARY WAY, SUITE 400 CITY: SEATTLE STATE: WA ZIP: 98107 BUSINESS PHONE: 206-227-3078 MAIL ADDRESS: STREET 1: 1455 NW LEARY WAY, SUITE 400 CITY: SEATTLE STATE: WA ZIP: 98107 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: English Aron R. CENTRAL INDEX KEY: 0001770436 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39061 FILM NUMBER: 231269690 MAIL ADDRESS: STREET 1: 1455 NW LEARY WAY, SUITE 400 CITY: SEATTLE STATE: WA ZIP: 98107 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: 22NW Fund GP, LLC CENTRAL INDEX KEY: 0001770575 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39061 FILM NUMBER: 231269687 BUSINESS ADDRESS: STREET 1: 1455 NW LEARY WAY, SUITE 400 CITY: SEATTLE STATE: WA ZIP: 98107 BUSINESS PHONE: 206-227-3078 MAIL ADDRESS: STREET 1: 1455 NW LEARY WAY, SUITE 400 CITY: SEATTLE STATE: WA ZIP: 98107 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: DIRTT ENVIRONMENTAL SOLUTIONS LTD CENTRAL INDEX KEY: 0001340476 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 000000000 STATE OF INCORPORATION: A0 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 7303 30 ST S E CITY: CALGARY ALBERTA T2C 1N6 CAN STATE: A0 ZIP: T2C 1N6 BUSINESS PHONE: 403-723-5000 MAIL ADDRESS: STREET 1: 7303 30 ST S E CITY: CALGARY ALBERTA T2C 1N6 CAN STATE: A0 ZIP: T2C 1N6 4 1 form410680012_09212023.xml OWNERSHIP DOCUMENT X0508 4 2023-09-19 0 0001340476 DIRTT ENVIRONMENTAL SOLUTIONS LTD DRTT 0001770436 English Aron R. 590 1ST AVE. S UNIT C1 SEATTLE WA 98104 1 0 1 0 0001694297 22NW, LP 590 1ST AVE. S UNIT C1 SEATTLE WA 98104 0 0 1 0 0001640809 22NW Fund, LP 590 1ST AVE. S UNIT C1 SEATTLE WA 98104 0 0 1 0 0001770575 22NW Fund GP, LLC 590 1ST AVE. S UNIT C1 SEATTLE WA 98104 0 0 1 0 0001783663 22NW GP, Inc. 590 1ST AVE. S UNIT C1 SEATTLE WA 98104 0 0 1 0 0 6.00% Convertible Unsecured Debentures due January 2026 4.65 2023-09-19 4 P 0 18915000 10426837 A 2026-01-31 Common Shares 4067742 18915000 I By: 22NW Fund, LP 6.25% Convertible Unsecured Debentures due December 2026 4.20 2023-09-19 4 P 0 13638000 6836048 A 2026-12-31 Common Shares 3247143 13638000 I By: 22NW Fund, LP Represents Canadian dollars (C$). The 6.00% Convertible Unsecured Debentures due January 2026 and the 6.25% Convertible Unsecured Debentures due December 2026 are convertible as of the date hereof and were convertible commencing from the date of their original issuance. This Form 4 is filed jointly by 22NW Fund, LP ("22NW Fund"), 22NW, LP ("22NW"), 22NW Fund GP, LLC ("22NW GP"), 22NW GP, Inc. ("22NW Inc.") and Aron R. English (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding Common Shares. Mr. English is also a director of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein. Securities owned directly by 22NW Fund. As the investment manager to 22NW Fund, 22NW may be deemed to beneficially own the securities owned directly by 22NW Fund. As the general partner of 22NW Fund, 22NW GP may be deemed to beneficially own the securities owned directly by 22NW Fund. As the general partner of 22NW, 22NW Inc. may be deemed to beneficially own the securities owned directly by 22NW Fund. Mr. English, as the Portfolio Manager of 22NW, Manager of 22NW GP and President and sole shareholder of 22NW Inc., may be deemed to beneficially own the securities owned directly by 22NW Fund. /s/ Aron R. English 2023-09-21 22NW Fund, LP; By: 22NW Fund GP, LLC; By: /s/ Aron R. English, Manager 2023-09-21 22NW, LP; By: 22NW GP, Inc.; By: /s/ Aron R. English, President and Sole Shareholder 2023-09-21 22NW Fund GP, LLC; By: /s/ Aron R. English, Manager 2023-09-21 22NW GP, Inc., By: /s/ Aron R. English, President and Sole Shareholder 2023-09-21