---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-020480"
form_type: "8-K"
ticker: "DTI"
cik: "0001884516"
company_name: "Drilling Tools International Corp"
filed_at: "2023-02-14T23:59:59+00:00"
generated_at: "2026-06-19T14:38:09.971558+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# ROC Energy signs merger with Drilling Tools; minimum cash condition $55M

## Summary
- Merger of Merger Sub with Drilling Tools; Drilling Tools survives as wholly owned subsidiary of PubCo.
- Minimum cash condition at closing: $55M aggregate from trust account and equity financing.
- Outside termination date: March 6, 2023, extendable to June 6, 2023.
- Sponsor forfeits up to 50% of Founder Shares; 180-day lock-up for certain stockholders.
- Director nomination agreement grants Sponsor right to designate one Class III director.

## SEC filing metadata
- accession: 0001104659-23-020480
- form_type: 8-K
- ticker: DTI
- cik: 0001884516
- company_name: Drilling Tools International Corp
- filed_at: 2023-02-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1884516/000110465923020480/0001104659-23-020480-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1884516/000110465923020480/tm236420d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-020480
- JSON: https://secwatch.observer/filing/0001104659-23-020480.json
- Plain text: https://secwatch.observer/filing/0001104659-23-020480.txt

## Key facts
- Material Agreements
  Drilling Tools International Corp entered into Agreement and Plan of Merger with ROC Energy Acquisition Corp., ROC Merger Sub, Inc. (effective 2023-02-13).
  - Action: entry
  - Agreement: merger
  - Counterparty: ROC Energy Acquisition Corp., ROC Merger Sub, Inc.
  - Effective: 2023-02-13
  source text: ROC Energy Acquisition Corp., a Delaware corporation (prior to the Effective Time (as defined below), “ ROC Energy ” and, at and after the Effective Time, “ PubCo ”) entered into an agreement and plan of merger (as it may be amended, supplemented or otherwise modified from time to time, the “ Merger Agreement ”) with ROC Merger Sub, Inc., a Delaware corporation and a direct, wholly owned subsidiary of ROC Energy (“ Merger Sub ”), and Drilling Tools International Holdings, Inc., a Delaware corporation (“ Drilling Tools ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1884516/000110465923020480/0001104659-23-020480-index.htm

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