secwatch.observer — SEC 8-K summary
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Issuer:     Drilling Tools International Corp (DTI)
CIK:        0001884516
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001193125-24-184260
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1884516/000119312524184260/0001193125-24-184260-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1884516/000119312524184260/d840415d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-184260

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