secwatch.observer — SEC 8-K summary
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Issuer:     Drilling Tools International Corp (DTI)
CIK:        0001884516
Form:       8-K/A
Filed at:   2024-10-15T23:59:59+00:00
Accession:  0001193125-24-237647
Event type: m_and_a
Sentiment:  negative
Materiality: 0.75
Item codes: 9.01, 2.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1884516/000119312524237647/0001193125-24-237647-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1884516/000119312524237647/d859123d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-237647

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