{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-061506","form_type":"8-K","ticker":"DTI","cik":"0001884516","company_name":"Drilling Tools International Corp","filed_at":"2024-03-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.234538+00:00","generated_at":"2026-06-05T01:59:59.046696+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"DTI to acquire Superior Drilling Products for ~$32.2M in cash and stock; expected close Q3 2024","bullets":["Per SDPI share, holders elect $1.00 cash, 0.313 DTI shares, or a mix; total consideration ~$32.2M.","Transaction unanimously approved by DTI and SDP boards plus SDP special committee; closing expected in Q3 2024.","DTI expects manufacturing/distribution savings and expanded Middle East rental revenue for Drill-N-Ream tool.","SDP cancels its previously scheduled Q4 2023 earnings call due to the pending acquisition.","Supporting shareholders (~40% of SDPI shares) agreed to vote in favor via voting and support agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-061506","json":"https://secwatch.observer/filing/0001193125-24-061506.json","markdown":"https://secwatch.observer/filing/0001193125-24-061506.md","text":"https://secwatch.observer/filing/0001193125-24-061506.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1884516/000119312524061506/0001193125-24-061506-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1884516/000119312524061506/d686171d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T01:59:59.046696+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":"093906c2b06b77dcd3cb54d12787fe9b4dc34385","claim":"Drilling Tools International Corp entered into Agreement and Plan of Merger with Superior Drilling Products, Inc. (effective 2024-03-06).","evidence_excerpt":"On March 6, 2024, Drilling Tools International Corporation, a Delaware corporation (the “ Company ”), Superior Drilling Products, Inc., a Utah corporation (“ SDPI ”), DTI Merger Sub I, Inc., a Delaware corporation (“ Merger Sub I ”), and DTI Merger Sub II, LLC, a Delaware limited liability company (“ Merger Sub II ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1884516/000119312524061506/0001193125-24-061506-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Superior Drilling Products, Inc."},{"label":"Effective","value":"2024-03-06"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}