---
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"
generated_at: "2026-10-12T15:40:30.413672+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# DTI to acquire Saltire Energy for ~$80M cash plus 17.4M shares; deal expected to close in Q1 2027

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 1.01, 8.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-417370
- JSON: https://secwatch.observer/filing/0001193125-26-417370.json
- Plain text: https://secwatch.observer/filing/0001193125-26-417370.txt

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