Drilling Tools International files 8-K/A with audited financials for CTG acquisition

Drilling Tools International Corp

Acquired 100% of Casing Technologies Group (CTG) and Deep Casing Tools on March 15, 2024 for undisclosed terms.
CTG reported 2023 net profit of £1.63M, reversing a 2022 loss of £128,921.
CTG had net liabilities of £20.17M as of Dec 31, 2023, including a £6.21M loan due on demand.
New directors appointed at CTG on March 15: R. Wayne Prejean, David Stephenson, David Johnson.
Amendment provides historical financial statements and unaudited pro forma combined information.

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