---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-005399"
form_type: "8-K"
ticker: "DTI"
cik: "0001884516"
company_name: "Drilling Tools International Corp"
filed_at: "2023-01-20T23:59:59+00:00"
generated_at: "2026-06-20T12:42:01.803115+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# ROC Energy Acquisition Corp. obtains up to $800K working capital loan from sponsor affiliate

## Summary
- Promissory note of up to $800,000 issued to FP SPAC 2, LLC (affiliate of sponsor) for working capital.
- Note bears no interest; due at consummation of initial business combination or liquidation (by March 6, 2023, extendable to June 6, 2023).
- Unpaid principal may be converted into units at $10 per unit at Payee's election.
- Proceeds used for working capital; note is unsecured and contains trust waiver.

## SEC filing metadata
- accession: 0001104659-23-005399
- form_type: 8-K
- ticker: DTI
- cik: 0001884516
- company_name: Drilling Tools International Corp
- filed_at: 2023-01-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1884516/000110465923005399/0001104659-23-005399-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1884516/000110465923005399/tm234064d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-005399
- JSON: https://secwatch.observer/filing/0001104659-23-005399.json
- Plain text: https://secwatch.observer/filing/0001104659-23-005399.txt

## Key facts
- Debt Financings
  Drilling Tools International Corp incurred loan of up to $800,000 with FP SPAC 2, LLC maturing earlier of consummation of initial business combination or liquidation on or before March 6, 2023 (unless extended to June 6, 2023) or such later liquidation da.
  - Instrument: loan
  - Principal: up to $800,000
  - Counterparty: FP SPAC 2, LLC
  - Maturity: earlier of consummation of initial business combination or liquidation on or before March 6, 2023 (unless extended to June 6, 2023) or such later liquidation da
  - Event: incurrence
  source text: On January 16, 2023, ROC Energy Acquisition Corp. (the “ Company ”) issued a promissory note (the “ Note ”) in the principal amount of up $800,000 to FP SPAC 2, LLC, a Delaware limited liability company and an affiliate of the Company’s sponsor, ROC Energy Holdings LLC (the “ Sponsor ”), for working capital. The Note bears no interest and is due and payable upon the earlier to occur of (i) the date on which the Company’s initial business combination is consummated and (ii) the liquidation of the Company on or before March 6, 2023 (unless extended to June 6, 2023) or such later liquidation date as may be approved by the Company’s stockholders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1884516/000110465923005399/0001104659-23-005399-index.htm
- Material Agreements
  Drilling Tools International Corp entered into Note with FP SPAC 2, LLC valued at $800,000 (effective 2023-01-16).
  - Action: entry
  - Counterparty: FP SPAC 2, LLC
  - Value: $800,000
  - Effective: 2023-01-16
  source text: On January 16, 2023, ROC Energy Acquisition Corp. (the “ Company ”) issued a promissory note (the “ Note ”) in the principal amount of up $800,000 to FP SPAC 2, LLC
  evidence_url: https://www.sec.gov/Archives/edgar/data/1884516/000110465923005399/0001104659-23-005399-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.