{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-062312","form_type":"8-K","ticker":null,"cik":"0001600422","company_name":"Superior Drilling Products, Inc.","filed_at":"2024-03-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.762958+00:00","generated_at":"2026-06-05T01:33:20.847108+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Superior Drilling Products to be acquired by Drilling Tools International for ~$32.2M in cash and stock","bullets":["Total consideration of ~$32.2M payable in cash and DTI stock; each SDPI share may elect $1.00 cash or 0.313 DTI shares.","Deal unanimously approved by both boards and a special committee of SDPI; expected close in Q3 2024.","Shareholders representing ~40% of SDPI voting power (Meier family) have agreed to vote in favor via a Voting Agreement.","DTI expects the acquisition to be accretive, expand Middle East footprint, and reduce manufacturing and distribution costs.","Drill-N-Ream tool will be integrated into DTI's fleet; North American distribution relationship has existed since 2016."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-062312","json":"https://secwatch.observer/filing/0001193125-24-062312.json","markdown":"https://secwatch.observer/filing/0001193125-24-062312.md","text":"https://secwatch.observer/filing/0001193125-24-062312.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1600422/000119312524062312/0001193125-24-062312-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1600422/000119312524062312/d800502d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T01:33:20.847108+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":"50fa95097f01fbb5178f9c03af12b4e493a083c4","claim":"Superior Drilling Products, Inc. entered into Agreement and Plan of Merger with Drilling Tools International Corporation, DTI Merger Sub I, Inc., DTI Merger Sub II, LLC (effective 2024-03-06).","evidence_excerpt":"On March 6, 2024, Superior Drilling Products, Inc., a Utah corporation (the “ Company ” or “ we ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with Drilling Tools International Corporation, a Delaware corporation (“ Parent ”), DTI Merger Sub I, Inc., a Delaware corporation and a direct, wholly owned subsidiary of Parent (“ Merger Sub I ”), and DTI Merger Sub II, LLC, a Delaware limited liability company and a direct, wholly owned subsidiary of Parent (“ Merger Sub II ” and together with Merger Sub I, “ Merger Subs ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1600422/000119312524062312/0001193125-24-062312-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Drilling Tools International Corporation, DTI Merger Sub I, Inc., DTI Merger Sub II, LLC"},{"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"}