Source-grounded facts extracted from Drilling Tools International Corp's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Drilling Tools International Corp incurred loan of up to $800,000 with FP SPAC 2, LLC maturing earlier of consummation of initial business combination or liquidation on or before March 6, 2023 (unless extended to June 6, 2023) or such later liquidation da.
“On January 16, 2023, ROC Energy Acquisition Corp. (the “ Company ”) issued a promissory note (the “ Note ”) in the principal amount of up $800,000 to FP SPAC 2, LLC, a Delaware limited liability company and an affiliate of the Company’s sponsor, ROC Energy Holdings LLC (the “ Sponsor ”), for working capital. The Note bears no interest and is due and payable upon the earlier to occur of (i) the date on which the Company’s initial business combination is consummated and (ii) the liquidation of the Company on or before March 6, 2023 (unless extended to June 6, 2023) or such later liquidation date as may be approved by the Company’s stockholders.”
Material Agreements
Drilling Tools International Corp entered into Note with FP SPAC 2, LLC valued at $800,000 (effective 2023-01-16).
“On January 16, 2023, ROC Energy Acquisition Corp. (the “ Company ”) issued a promissory note (the “ Note ”) in the principal amount of up $800,000 to FP SPAC 2, LLC”
Material Agreements
Drilling Tools International Corp entered into Promissory Note with ROC Energy Holdings LLC (the Sponsor) valued at $2,070,000 (effective 2022-12-06).
“On December 6, 2022, ROC Energy Acquisition Corp. (the “ Company ”) issued a promissory note (the “ Note ”) in the principal amount of $2,070,000 (the “ Extension Payment ”) to an affiliate of the Company’s sponsor, ROC Energy Holdings LLC (the “ Sponsor ”) in connection with the Extension (as defined below). The Note bears no interest and is due and payable upon the earlier to occur of (i) the date on which the Company’s initial business combination is consummated and (ii) the liquidation of the Company on or before March 6, 2023 (unless extended to June 6, 2023) or such later liquidation date as may be approved by the Company’s stockholders. At the election of FP SPAC, the unpaid principal amount of the Note may be converted into units of the Company (the “ Conversion Units ”) with the total Conversion Units so issued shall be equal to: (x) the portion of the principal amount of the Note being converted divided by (y) the conversion price of ten dollars ($10.00), rounded up to the ne”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.