---
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"
generated_at: "2026-06-05T01:59:59.046696+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# DTI to acquire Superior Drilling Products for ~$32.2M in cash and stock; expected close Q3 2024

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1884516/000119312524061506/0001193125-24-061506-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1884516/000119312524061506/d686171d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-061506
- JSON: https://secwatch.observer/filing/0001193125-24-061506.json
- Plain text: https://secwatch.observer/filing/0001193125-24-061506.txt

## Key facts
- Material Agreements
  Drilling Tools International Corp entered into Agreement and Plan of Merger with Superior Drilling Products, Inc. (effective 2024-03-06).
  - Action: entry
  - Agreement: merger
  - Counterparty: Superior Drilling Products, Inc.
  - Effective: 2024-03-06
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1884516/000119312524061506/0001193125-24-061506-index.htm

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