{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-070306","form_type":"8-K","ticker":"DTI","cik":"0001884516","company_name":"Drilling Tools International Corp","filed_at":"2024-03-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.234944+00:00","generated_at":"2026-06-04T13:56:59.425715+00:00","sec_items":["2.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Drilling Tools International closes ~£14.5M acquisition of Deep Casing Tools","bullets":["Acquired 100% of Deep Casing Tools for ~£14.5M (£250K share purchase, £14.25M debt payoff).","Closing on March 15, 2024; press release issued March 18, 2024.","Deep Casing Tools provides patented turbine-powered casing running (TurboCaser), completion running, and other downhole tools.","Expands DTI's Middle East presence; CEO cites pending acquisition of Superior Drilling Products (SDPI).","Deep Casing holds long-term contracts in Central America, Middle East, Asia Pacific; commercializing three new technologies."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-070306","json":"https://secwatch.observer/filing/0001193125-24-070306.json","markdown":"https://secwatch.observer/filing/0001193125-24-070306.md","text":"https://secwatch.observer/filing/0001193125-24-070306.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1884516/000119312524070306/0001193125-24-070306-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1884516/000119312524070306/d797508d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T13:56:59.425715+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":"91af6ce6fad246f5916a85064d08c0a91bc411e8","claim":"Drilling Tools International Corp completed an acquisition for approximately £14,500,000 (closed 2024-03-15).","evidence_excerpt":"(100%) of the shares of CTG (the “ Acquisition ”), which wholly owns Deep Casing Tools Limited (“ Deep Casing ”), an energy technology development company, for approximately £14,500,000, of which £250,000 is allocated for the purchase of the CTG shares and £14,250,000 is allocated for the payoff of certain lenders of CTG. The Acquisition was consummated and","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1884516/000119312524070306/0001193125-24-070306-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Consideration","value":"approximately £14,500,000"},{"label":"Closing","value":"2024-03-15"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}