{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-194343","form_type":"8-K","ticker":"DTI","cik":"0001884516","company_name":"Drilling Tools International Corp","filed_at":"2024-08-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.103495+00:00","generated_at":"2026-05-31T12:40:38.275826+00:00","sec_items":["2.01","2.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Drilling Tools closes SDP acquisition for ~$32.2M; Q2 revenue flat, Adj. EBITDA $9.0M","bullets":["Closed acquisition of Superior Drilling Products for ~$32.2M in cash and stock; issued ~4.85M shares, paid $14.9M cash.","Q2 revenue $37.5M flat YoY; operating income $2.2M; Adjusted EBITDA $9.0M.","Identified >$4.5M SG&A synergies, 60% CapEx savings on new DNR tools, and NOL tax benefits.","Updated FY 2024 guidance: revenue $155-170M, Adj. EBITDA $41-47M, Adj. FCF $20-25M.","U.S. rig count softness led to cost reduction program with $2.4M annualized savings."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-194343","json":"https://secwatch.observer/filing/0001193125-24-194343.json","markdown":"https://secwatch.observer/filing/0001193125-24-194343.md","text":"https://secwatch.observer/filing/0001193125-24-194343.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1884516/000119312524194343/0001193125-24-194343-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1884516/000119312524194343/d858008d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T12:40:38.275826+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}