{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-175331","form_type":"8-K","ticker":"DTI","cik":"0001884516","company_name":"Drilling Tools International Corp","filed_at":"2023-06-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.466371+00:00","generated_at":"2026-06-13T16:34:35.156752+00:00","sec_items":["1.01","2.01","5.06","3.02","4.01","9.01","2.03","3.03","5.01","5.02","5.03","5.05","7.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"ROC Energy completes de-SPAC merger with Drilling Tools; $217.6M redeemed, trading as DTI","bullets":["Business combination closed June 20, 2023; ROC renamed to Drilling Tools International Corporation (DTIC).","20.5M shares redeemed at $10.53 each ($217.6M total); remaining trust $1.67M released to DTIC.","PIPE financing: $25.86M from ROC Holdings (2.56M shares at $10.10) plus $4.14M note conversion.","Post-merger 29.77M DTIC shares outstanding; Nasdaq trading under symbol DTI began June 21.","Entered $60M revolving credit facility with PNC; used proceeds to repay existing revolver."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-175331","json":"https://secwatch.observer/filing/0001193125-23-175331.json","markdown":"https://secwatch.observer/filing/0001193125-23-175331.md","text":"https://secwatch.observer/filing/0001193125-23-175331.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1884516/000119312523175331/0001193125-23-175331-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1884516/000119312523175331/d498600d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T16:34:35.156752+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a0a4777c34b7050acc66b6d037f35987a38b4fcc","claim":"Drilling Tools International Corp amended credit facility of $60.0 million with PNC Bank, National Association at the sum of the applicable margin, plus a base rate calculated by reference to th.","evidence_excerpt":"National Association, as lender and agent. The Amended and Restated Credit Facility Agreement provides for a revolving credit facility with a maximum revolving advance amount of $60.0 million. The proceeds under the Amended and Restated Credit Facility Agreement may be used to (i) pay fees and expenses related to the Amended and Restated Credit Facility Agreement and","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1884516/000119312523175331/0001193125-23-175331-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$60.0 million"},{"label":"Counterparty","value":"PNC Bank, National Association"},{"label":"Rate","value":"the sum of the applicable margin, plus a base rate calculated by reference to th"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"3c03f50130","claim":"Lee Canaan resigned as Director at Drilling Tools International Corp.","evidence_excerpt":"Joseph Drysdale, Daniel J. Kimes, Brian Minnehan, Alberto Pontonio, Lee Canaan, Win Graham and Joseph Colonnetta, each a member of the board of directors of ROC, resigned.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1884516/000119312523175331/0001193125-23-175331-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"5ea025dafc","claim":"Daniel J. Kimes resigned as Chief Executive Officer at Drilling Tools International Corp.","evidence_excerpt":"Daniel J. Kimes and Rosemarie Cicalese, the Chief Executive Officer and Chief Financial Officer, respectively, of ROC, resigned.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1884516/000119312523175331/0001193125-23-175331-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"8f54f1d9c3","claim":"Brian Minnehan resigned as Director at Drilling Tools International Corp.","evidence_excerpt":"Joseph Drysdale, Daniel J. Kimes, Brian Minnehan, Alberto Pontonio, Lee Canaan, Win Graham and Joseph Colonnetta, each a member of the board of directors of ROC, resigned.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1884516/000119312523175331/0001193125-23-175331-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"a2a54f1e1a","claim":"Daniel J. Kimes resigned as Director at Drilling Tools International Corp.","evidence_excerpt":"Joseph Drysdale, Daniel J. Kimes, Brian Minnehan, Alberto Pontonio, Lee Canaan, Win Graham and Joseph Colonnetta, each a member of the board of directors of ROC, resigned.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1884516/000119312523175331/0001193125-23-175331-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"a44eb0300b","claim":"Joseph Drysdale resigned as Director at Drilling Tools International Corp.","evidence_excerpt":"Joseph Drysdale, Daniel J. Kimes, Brian Minnehan, Alberto Pontonio, Lee Canaan, Win Graham and Joseph Colonnetta, each a member of the board of directors of ROC, resigned.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1884516/000119312523175331/0001193125-23-175331-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"ae836b2a94","claim":"Win Graham resigned as Director at Drilling Tools International Corp.","evidence_excerpt":"Joseph Drysdale, Daniel J. Kimes, Brian Minnehan, Alberto Pontonio, Lee Canaan, Win Graham and Joseph Colonnetta, each a member of the board of directors of ROC, resigned.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1884516/000119312523175331/0001193125-23-175331-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"c6b5f4f6a9","claim":"Joseph Colonnetta resigned as Director at Drilling Tools International Corp.","evidence_excerpt":"Joseph Drysdale, Daniel J. Kimes, Brian Minnehan, Alberto Pontonio, Lee Canaan, Win Graham and Joseph Colonnetta, each a member of the board of directors of ROC, resigned.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1884516/000119312523175331/0001193125-23-175331-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"dc0aefc389","claim":"Thomas M. \"Roe\" Patterson was appointed as Director at Drilling Tools International Corp.","evidence_excerpt":"To fill the subsequent vacancy, the Board immediately thereafter appointed Thomas M. “Roe” Patterson as a director.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1884516/000119312523175331/0001193125-23-175331-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"f290fc8cf6","claim":"Rosemarie Cicalese resigned as Chief Financial Officer at Drilling Tools International Corp.","evidence_excerpt":"Daniel J. Kimes and Rosemarie Cicalese, the Chief Executive Officer and Chief Financial Officer, respectively, of ROC, resigned.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1884516/000119312523175331/0001193125-23-175331-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"fa8fba63bd","claim":"Alberto Pontonio resigned as Director at Drilling Tools International Corp.","evidence_excerpt":"Joseph Drysdale, Daniel J. Kimes, Brian Minnehan, Alberto Pontonio, Lee Canaan, Win Graham and Joseph Colonnetta, each a member of the board of directors of ROC, resigned.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1884516/000119312523175331/0001193125-23-175331-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"0848498b680d2fa2762b0766cdd877995d97ed15","claim":"Drilling Tools International Corp: Adopted Amended and Restated Bylaws, effective upon consummation of the Business Combination.","evidence_excerpt":"the Board approved and adopted DTIC's Amended and Restated Bylaws, which became effective upon the consummation of the Business Combination.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1884516/000119312523175331/0001193125-23-175331-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"}],"fact_type":"governance_change"},{"claim_id":"5ad9aa51f1580ae331d134d1ef78947876bfc116","claim":"Drilling Tools International Corp: ROC ceased to be a shell company as a result of the Business Combination.","evidence_excerpt":"As a result of the Business Combination, ROC ceased to be a shell company.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1884516/000119312523175331/0001193125-23-175331-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"shell status"}],"fact_type":"governance_change"},{"claim_id":"784179677ba483eede602b3a425a26c19213a989","claim":"Drilling Tools International Corp: Adopted Second Amended and Restated Certificate of Incorporation, effective upon filing with the Secretary of State of Delaware on the Closing Date.","evidence_excerpt":"DTIC's Second Amended and Restated Certificate of Incorporation, which became effective upon filing with the Secretary of State of the State of Delaware on the Closing Date, includes the amendments included in the Charter Proposal.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1884516/000119312523175331/0001193125-23-175331-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"}],"fact_type":"governance_change"},{"claim_id":"9577f4805cd05cc016cbfcf633413693fea8b282","claim":"Drilling Tools International Corp: Adopted a new code of business conduct applicable to all employees, officers and directors.","evidence_excerpt":"On the Closing Date, in connection with the Closing, the Board adopted a new code of business conduct applicable to all of DTIC's employees, officers and directors.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1884516/000119312523175331/0001193125-23-175331-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"code of ethics"}],"fact_type":"governance_change"},{"claim_id":"6ade68bca53b6a696d9961bb7a28ba23f5bd6d21","claim":"Drilling Tools International Corp underwent a change of control involving Drilling Tools International Holdings, Inc. (closed 2023-06-20).","evidence_excerpt":"On June 20, 2023 (the “Closing Date”), Drilling Tools International Holdings, Inc., a Delaware corporation (“DTIH”), ROC Energy Acquisition Corp., a Delaware corporation (“ROC”), and ROC Merger Sub, Inc., a Delaware corporation and a directly, wholly owned subsidiary of ROC (“Merger Sub”), consummated the previously announced business combination pursuant to the Agreement and Plan of Merger, dated February 13, 2023","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1884516/000119312523175331/0001193125-23-175331-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"Drilling Tools International Holdings, Inc."},{"label":"Closing","value":"2023-06-20"}],"fact_type":"ma_transaction"},{"claim_id":"d691df8cf943cda681b74db27d2adc2b239bf3f2","claim":"Drilling Tools International Corp completed a disposition involving ROC Energy Acquisition Corp. (closed 2023-06-20).","evidence_excerpt":"Merger Sub merged with and into DTIH, with DTIH surviving the merger as a wholly owned subsidiary of ROC","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1884516/000119312523175331/0001193125-23-175331-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"ROC Energy Acquisition Corp."},{"label":"Closing","value":"2023-06-20"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}