08:22 AM EST, 02/14/2025 (MT Newswires) -- DIRTT Environmental Solutions ( DRTTF ) said on Friday that it purchased for cancellation all company shares held by NGEN III.

Under the agreement, DIRTT purchased for cancellation 3,920,844 shares at US$0.80 apiece.

DIRTT said it remains well positioned to continue funding its ongoing strategic initiatives using cash on hand, operating cash flows and financing facilities available.

The company said the NGEN shares repurchased will be counted against its annual normal course issuer bid share limit, which now stands at 3,422,494.

DIRTT's share price rose 2.6% on Thursday to $1.18 on the TSX.