On January 6, 2021, 22NW Fund, LP provided an update on its requisition of a shareholders meeting of DIRTT Environmental Solutions Ltd. 22NW Fund stated that on December 9, 2021, it had submitted to the Company a term sheet for a settlement proposal related to the requisition. 22NW Fund stated that the proposal was not accepted by the Company's board of directors, which offered no reasons for the rejection of the proposal nor did the Board offer a counter proposal to 22NW Fund. 22NW Fund added that rather than contacting 22NW Fund to discuss its concerns regarding the Company or attempting to settle with 22NW Fund, the Board and its Special Committee have instead filed a complaint with the Alberta Securities Commission against 22NW Fund alleges breaches of securities laws by 22NW Fund and potentially other institutional shareholders of the Company.

22NW Fund stated that it has delivered a response to the Complaint to the Alberta Securities Commission on December 16, 2021. In that response, 22NW Fund identified numerous facts refuting the Complaint.