07:11 AM EST, 03/06/2024 (MT Newswires) -- DIRTT Environmental Solutions ( DRTTF ) provider of interior construction solutions, trading near 52 week highs, overnight Tuesday said it has effected certain amendments to its substantial issuer bid and tender offer. The amendments are solely to address comments from the Securities and Exchange Commission in connection with its review of DIRTT's Tender Offer Statement on Schedule TO dated February 15, 2024.

Under the Issuer Bid, DIRTT has offered to repurchase for cancellation: (i) up to C$6 million principal amount of its issued and outstanding 6.00% convertible unsecured subordinated debentures due January 31, 2026; and (ii) up to C$9 million principal amount of its issued and outstanding 6.25% convertible unsecured subordinated debentures due December 31, 2026. (The principal amounts of the debentures may be increased at the company's discretion.)

The Issuer Bid remains otherwise subject to the terms and conditions set forth in DIRTT's Offer and Circular and Schedule TO, each initially dated February 15, 2024 and available on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov, respectively, as amended by the Notice of Variation and the Schedule TO-I/A.

The expiration date of the Issuer Bid is not being extended and expire on March 22.