Investor 22NW Fund Files 13D/A on DIRTT; No New Transactions
DIRTT ENVIRONMENTAL SOLUTIONS LTD
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Filing Summary
Investor 22NW Fund Files 13D/A on DIRTT; No New Transactions
Company: DIRTT ENVIRONMENTAL SOLUTIONS LTD (Ticker not listed in filing) Form: SCHEDULE 13D/A | Filed: 2025-12-12 Significance: Low
Insider: 22NW Fund, LP / Aron R. English Title: Beneficial Owner | Relationship: 10% Owner
Transaction: • Type: Group Composition Change (Administrative) • Shares: 0 • Value: $0 • Owned After: 49,955,045 shares (by 22NW Fund, LP)
Key Insight: This is an administrative filing to update the members of the reporting group. No new shares were bought or sold, and the group's significant ownership stake of over 26% remains unchanged.
Market Context: The filing confirms the continued large position of an activist investor but does not signal any new action. The event triggering the filing was an employee ceasing to be part of the reporting group.
This is PUBLIC SEC data for educational purposes. Not investment advice.
Comprehensive Analysis
SEC Filing Analysis: DIRTT ENVIRONMENTAL SOLUTIONS LTD
Executive Summary
- Trading Significance: Low
- Key Takeaway: This Schedule 13D/A is an administrative update to the reporting group and does not reflect any new transactions or a change in the filer's investment thesis.
- Market Impact: Neutral. The filing confirms the status quo of 22NW Fund's significant stake.
Company Information
| Field | Value |
|---|---|
| Company | DIRTT ENVIRONMENTAL SOLUTIONS LTD |
| Ticker Symbol | Not specified in filing |
| CIK | 0001340476 |
| Industry | SERVICES-PREPACKAGED SOFTWARE |
Insider Information
| Field | Value |
|---|---|
| Name | 22NW Fund, LP (and related reporting persons) |
| CIK | 0001640809 |
| Title/Position | Beneficial Owner |
| Relationship | 10% Owner |
Transaction Details
| Field | Value |
|---|---|
| Form Type | SCHEDULE 13D/A |
| Event Date | 2025-12-10 |
| Transaction Code | N/A |
| Security Type | Common Shares, without par value |
| Shares Involved | 0 |
| Price Per Share | N/A |
| Total Value | $0 |
| Shares Owned After | 49,955,045 (by 22NW Fund, LP directly) |
| Ownership Type | Indirect for controlling persons |
Financial Impact Assessment
This filing reports no new transactions. The purpose of the amendment, as stated in Item 2, is to note that Alexander B. Jones ceased to be an employee of 22NW and is therefore no longer part of the Section 13(d) reporting group.
Ownership Concentration
- 22NW Fund, LP: Directly owns 49,955,045 shares, representing 26.0% of the 191,832,029 shares outstanding.
- Aron R. English: As the controlling person, beneficially owns an aggregate of 58,038,870 shares, representing 30.3% of shares outstanding.
The filing confirms the group's substantial and influential stake in the company remains unchanged.
Market Impact Analysis
Stock Impact Prediction
- Direction: Neutral
- Reasoning: The filing is purely administrative. It does not indicate a purchase, sale, or change in strategy by the significant shareholder, 22NW Fund.
Volume & Sentiment
- Expected Volume Impact: Minimal. This type of administrative filing typically does not drive trading volume.
- Sentiment Indicator: Neutral. The filing simply maintains the previously disclosed ownership information.
Additional Context
Transaction Notes
- Purpose: The filing's primary purpose is to amend the list of reporting persons due to an employee's departure from the investment firm. It also includes an updated Joint Filing Agreement.
- No Recent Trades: Item 5(c) explicitly states, "There have been no transactions in the securities of the Issuer by the Reporting Persons during the past 60 days."
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.