secwatch.observer — SEC 8-K summary
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Issuer:     Drilling Tools International Corp (DTI)
CIK:        0001884516
Form:       8-K
Filed at:   2023-06-07T23:59:59+00:00
Accession:  0001104659-23-068970
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.03, 5.07, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ROC stockholders approve merger with Drilling Tools International; extension also approved
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- Stockholders approved business combination with Drilling Tools International Holdings (DTI) at June 1 special meeting; 19.3M for, 3.7M against.
- Charter amendment approved to extend deadline to August 6, 2023; sponsor to deposit $0.04 per non-redeemed share for each monthly extension.
- Merger expected to close in June 2023; combined company to rename to Drilling Tools International Corporation, trading under 'DTI' on Nasdaq.
- Seven directors elected to staggered terms effective at closing; 2023 Omnibus Incentive Plan approved.
- Extension special meeting also approved trust amendment to delay liquidation to extended date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1884516/000110465923068970/0001104659-23-068970-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1884516/000110465923068970/tm2318012d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-068970

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