---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-237647"
form_type: "8-K/A"
ticker: "DTI"
cik: "0001884516"
company_name: "Drilling Tools International Corp"
filed_at: "2024-10-15T23:59:59+00:00"
generated_at: "2026-05-30T14:44:45.176881+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-237647
- form_type: 8-K/A
- ticker: DTI
- cik: 0001884516
- company_name: Drilling Tools International Corp
- filed_at: 2024-10-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 9.01, 2.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1884516/000119312524237647/0001193125-24-237647-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1884516/000119312524237647/d859123d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-237647
- JSON: https://secwatch.observer/filing/0001193125-24-237647.json
- Plain text: https://secwatch.observer/filing/0001193125-24-237647.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.