Drilling Tools International Corp (DTI): M&A transaction — DTI issues SDPI merger pro forma: H1 2024 rev $79.5M, net loss $1.2M

On August 6, 2024, Drilling Tools International Corporation (the “ Company ”) filed a Current Report on Form 8-K (the “ Original Form 8-K ”) to report the completion (the “ Closing ”) of the Merger (defined below) consummated in connection with the Agreement and Plan of Merger (the “ Merger Agreement ”), dated March 6, 2024, by and among the Company, Superior Drilling Products, Inc., a Utah corporation (“ SDPI ”), DTI Merger Sub I, a Delaware corporation and wholly owned subsidiary of DTI (“ Merger Sub I ”), and DTI Merger Sub II, LLC, a Delaware limited liability company and direct wholly owned subsidiary of DTI (“ Merger Sub II ”).