Drilling Tools International Corp

Drilling Tools International Corporation is a global oilfield services company that designs, engineers, manufactures, and provides a rental-focused offering of tools for use in onshore and offshore horizontal and directional drilling operations, alongside other solutions across the well life cycle. The company's common stock commenced trading on the Nasdaq Stock Market LLC under the symbol "DTI" on June 21, 2023, following a merger transaction completed on June 20, 2023. Drilling Tools International Corporation provides tools of various shapes and sizes required for drilling and producing oil and gas. Customers often rent these tools due to factors such as different formations, drilling methodologies, drilling engineer preferences, drilling depth, and hole size, which influence the specific tools needed for a task. The company operates from multiple locations and maintains a fleet of over 65,000 tools. The business has grown and strengthened its industry standing since 2012.