M&A: Drilling Tools International Corp

Form Type: 8-K

Filing Date: 2025-01-02

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525000638

Comments: On January 2, 2025, Drilling Tools International Corporation announced the completion of its acquisition of Titan Tools Services Ltd., a downhole tool rental company based in the United Kingdom. This acquisition was highlighted in a press release attached to the filing, emphasizing the strategic move to enhance its operations in the rental sector of downhole tools. The information provided in the filing clarifies that the details and implications of this acquisition are significant steps for the company's growth and market presence.

Document Link: View Document

Form Type: S-3

Filing Date: 2025-01-02

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525000640

Comments: Drilling Tools International Corporation filed a registration statement for the offer of up to 888,041 shares of common stock, par value $0.0001, which were issued to Selling Stockholders in connection with the Company's acquisition of Titan Tools Group Limited, finalized through a Share Purchase Agreement dated October 29, 2024. This registration allows Selling Stockholders to sell these shares in a continuous offering, meaning they may choose to sell them at varying times after the registration statement becomes effective. The company will not receive any proceeds from these sales, as all proceeds will go to the Selling Stockholders. The common stock is listed on the Nasdaq Capital Market under the symbol 'DTI'.

Document Link: View Document