DTI issues SDPI merger pro forma: H1 2024 rev $79.5M, net loss $1.2M

Drilling Tools International Corp

Merger consideration: $13.7M cash + 4.85M DTI shares to SDPI stockholders.
Pro forma combined H1 2024 revenue $79.5M; net loss $1.2M.
Pro forma FY2023 revenue $162.5M; net income $10.8M.
DTI borrowed $18.0M under credit line to fund cash portion of merger.
Combined pro forma assets $216.9M, equity $119.9M as of June 30, 2024.

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