---
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"
generated_at: "2026-06-05T01:33:20.847108+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Superior Drilling Products to be acquired by Drilling Tools International for ~$32.2M in cash and stock

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-062312
- form_type: 8-K
- cik: 0001600422
- company_name: Superior Drilling Products, Inc.
- filed_at: 2024-03-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-062312
- JSON: https://secwatch.observer/filing/0001193125-24-062312.json
- Plain text: https://secwatch.observer/filing/0001193125-24-062312.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: merger
  - Counterparty: Drilling Tools International Corporation, DTI Merger Sub I, Inc., DTI Merger Sub II, LLC
  - Effective: 2024-03-06
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1600422/000119312524062312/0001193125-24-062312-index.htm

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