Drilling Tools' Business Combination Transaction Implies Enterprise Value Of $319M
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Drilling Tools' Business Combination Transaction Implies Enterprise Value Of $319M
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4 - Drilling Tools International Corp (0001884516) (Issuer)
4 - Drilling Tools International Corp (0001884516) (Issuer)
4 - Drilling Tools International Corp (0001884516) (Issuer)
SC 13G/A - Drilling Tools International Corp (0001884516) (Subject)
SC 13G/A - Drilling Tools International Corp (0001884516) (Subject)
SC 13D - Drilling Tools International Corp (0001884516) (Subject)
10-Q - Drilling Tools International Corp (0001884516) (Filer)
8-K - Drilling Tools International Corp (0001884516) (Filer)
EFFECT - Drilling Tools International Corp (0001884516) (Filer)
Drilling Tools International ("DTI"), with roots dating back to 1984, is a leading oilfield services company that manufactures and provides a differentiated, rental-focused offering of tools for use in horizontal and directional drilling in the oil and gas industryThe PIPE transaction, which totaled $40.8 million, included meaningful participation by Fifth Partners, an affiliate of ROC's sponsor, as well as DTI's existing preferred shareholdersThe transaction generated $25.9 million of cash from a common stock PIPE and $1.7 million of cash from ROC's trust account, after giving effect to shareholder redemptionsExisting DTI shareholders elected to reinvest $10.8 million of the cash they were
HOUSTON and DALLAS, May 17, 2023 /PRNewswire/ -- ROC Energy Acquisition Corp. ("ROC") (NASDAQ:ROC), a publicly traded special purpose acquisition company, today announced that ROC's registration statement on Form S-4, relating to the previously announced proposed business combination between ROC and Drilling Tools International Holdings, Inc. ("DTI" or the "Company"), a leading oilfield services company that manufactures and provides a differentiated, rental-focused offering of tools for use in horizontal and directional drilling, has been declared effective by the U.S. Securities and Exchange Commission.
HOUSTON and DALLAS, March 22, 2023 /PRNewswire/ -- Drilling Tools International Holdings, Inc. ("DTI" or the "Company"), a leading oilfield services company that manufactures and provides a differentiated, rental-focused offering of tools for use in horizontal and directional drilling, and ROC Energy Acquisition Corp. ("ROC") (NASDAQ:ROC), a publicly traded special purpose acquisition company, today announced DTI will host a Virtual Analyst & Investor Day on Tuesday, April 18, 2023 at 10:00am EDT. During the two-hour virtual event, members of the DTI and ROC executive teams wi
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