Dirtt Environmental Solutions Ltd. (TSE:DRT) has released an update.
DIRTT Environmental Solutions Ltd., a leader in industrialized construction, is set to adopt a shareholder rights plan following a successful CAD$30 million rights offering that underscored investor confidence. The plan aims to prevent ownership concentration and requires approval from the Toronto Stock Exchange and shareholder ratification. Although not a response to any takeover bid, the plan seeks to ensure the company’s stability and focus on future growth.
For further insights into TSE:DRT stock, check out TipRanks’ Stock Analysis page.