| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | DRTT | Common Shares | Exercise of in-the-money or at-the-money derivative security | $551K | +1.58M | +88.62% | $0.35 | 3.35M | Jan 9, 2024 | Direct | F1, F2, F3 |
| transaction | DRTT | Common Shares | Exercise of in-the-money or at-the-money derivative security | $9.87M | +28.2M | +108.93% | $0.35 | 54.1M | Jan 9, 2024 | By: 22NW Fund, LP | F1, F2, F3, F4 |
| transaction | DRTT | Common Shares | Other | $1.44M | +4.12M | +122.83% | $0.35 | 7.47M | Jan 9, 2024 | Direct | F1, F3, F5 |
| transaction | DRTT | Common Shares | Other | -$1.44M | -4.12M | -7.62% | $0.35 | 50M | Jan 9, 2024 | By: 22NW Fund, LP | F1, F3, F4, F5 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | DRTT | Subscription Rights (right to buy) | Exercise of in-the-money or at-the-money derivative security | $0 | +1.78M | $0.00* | 0 | Jan 9, 2024 | Common Shares | 1.58M | $0.35 | Direct | F3 | |
| transaction | DRTT | Subscription Rights (right to buy) | Exercise of in-the-money or at-the-money derivative security | $0 | +25.9M | $0.00* | 0 | Jan 9, 2024 | Common Shares | 28.2M | $0.35 | By: 22NW Fund, LP | F3, F4 |
| Id | Content |
|---|---|
| F1 | This Form 4 is filed jointly by 22NW Fund, LP ("22NW Fund"), 22NW, LP ("22NW"), 22NW Fund GP, LLC ("22NW GP"), 22NW GP, Inc. ("22NW Inc.") and Aron R. English (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding Common Shares. Mr. English is also a director of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein. |
| F2 | On January 9, 2024, the Issuer announced the results of its CA$30.0 million rights offering (the "Rights Offering"). Each subscription right was exercisable for 0.81790023 Common Shares, rounded down to the nearest whole number, together with oversubscription rights. The Reporting Persons participated in the Rights Offering in full, as well as exercising their oversubscription rights, at a subscription price of CA$0.35 per Common Share. The number of Common Shares reported above includes the allocation pursuant to the Reporting Persons' exercise of their oversubscription rights. The Reporting Persons did not receive confirmation of the receipt of the Common Shares issued pursuant to the exercise of their oversubscription rights until January 22, 2024. |
| F3 | Represents Canadian dollars (C$). |
| F4 | Securities owned directly by 22NW Fund. As the investment manager to 22NW Fund, 22NW may be deemed to beneficially own the securities owned directly by 22NW Fund. As the general partner of 22NW Fund, 22NW GP may be deemed to beneficially own the securities owned directly by 22NW Fund. As the general partner of 22NW, 22NW Inc. may be deemed to beneficially own the securities owned directly by 22NW Fund. Mr. English, as the Portfolio Manager of 22NW, Manager of 22NW GP and President and sole shareholder of 22NW Inc., may be deemed to beneficially own the securities owned directly by 22NW Fund. |
| F5 | Represents an internal transfer from 22NW Fund to Mr. English. |