{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-417370","form_type":"8-K","ticker":"DTI","cik":"0001884516","company_name":"Drilling Tools International Corp","filed_at":"2026-10-08T10:17:20+00:00","discovered_at":"2026-10-08T10:20:10.247643+00:00","generated_at":"2026-10-12T15:40:30.413672+00:00","sec_items":["1.01","8.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.78,"calibrated_materiality_score":0.78,"confidence":"high","headline":"DTI to acquire Saltire Energy for ~$80M cash plus 17.4M shares; deal expected to close in Q1 2027","bullets":["Consideration: £60,289,856.60 cash (~$81M at $1.343/£) plus 17,355,139 DTI shares; Sellers expected to own ~30% of outstanding stock after closing.","Saltire run-rate 2026 revenue ~$50.4M, Adjusted EBITDA ~$22.5M (45% margin) and Adjusted Free Cash Flow of $15.8M; deal expected accretive to EBITDA margin and FCF/share in year one.","Eastern Hemisphere rises from ~18% of DTI standalone Q2 2026 revenue to ~40% pro forma; Aberdeen-based Saltire has bases in the UK, Norway, UAE, Singapore and Malaysia.","Sellers locked up 24 months with tranches released at 12, 18 and 24 months; they may designate a board member or non-voting observer. Outside Date March 31, 2027; financing deadline Nov 30, 2026.","DTI will file an S-4 proxy/prospectus within 45 days and seek DGCL Section 204/205 ratification of its 2024-2026 annual director elections, since its charter contemplated a classified board."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-417370","json":"https://secwatch.observer/filing/0001193125-26-417370.json","markdown":"https://secwatch.observer/filing/0001193125-26-417370.md","text":"https://secwatch.observer/filing/0001193125-26-417370.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1884516/000119312526417370/0001193125-26-417370-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1884516/000119312526417370/d168409d8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T15:40:30.413672+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"}