secwatch.observer — SEC 8-K summary
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Issuer:     Drilling Tools International Corp (DTI)
CIK:        0001884516
Form:       8-K/A
Filed at:   2024-05-28T23:59:59+00:00
Accession:  0001193125-24-148080
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 9.01, 2.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1884516/000119312524148080/0001193125-24-148080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1884516/000119312524148080/d808434d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-148080

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