VC and PE backers of DIRTT to sell shares in $16.2 mln secondary deal
DIRTT Environmental Solutions Ltd (TSX: DRT), a Calgary-based manufacturer of highly customized interiors, and certain shareholders recently commenced a bought deal secondary offering of 6.2 million common shares at $2.60 per share. The investors, which include Expansion Capital Partners, Export Development Canada and Kayne Anderson Capital Advisors, provided venture capital and private equity funding to the company in the past. Gross proceeds to the sellers will total $16.2 million and reduce their collective ownership to about 11.7 percent of total issued and outstanding shares. DIRTT went public in November.
5 June 2014•3 mins read
