DTI and SDPI set July 29 election deadline for merger consideration in pending acquisition

Drilling Tools International Corp

SDPI shareholders must elect form of consideration (stock or cash) by 5:00 p.m. ET on July 29, 2024.
Special meeting to approve merger expected July 29, 2024; closing expected August 1, 2024.
Each SDPI share converts to either 0.313 DTI shares or $1.00 cash, subject to proration.
DTI will issue between 4.11M and 4.85M shares based on shareholder elections.
Shareholders holding through a broker may have earlier deadlines; contact exchange agent at (855) 793-5068.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.