Brief: Drilling Tools International, A Leading Oilfield Services Company, To List On Nasdaq Through Business Combination With Roc Energy Acquisition Corp.

Drilling Tools International

14/02/2023 11:34

Feb 14 (Reuters) - ROC Energy Acquisition Corp  ROC.O :
    * DRILLING TOOLS INTERNATIONAL, A LEADING OILFIELD SERVICES
COMPANY, TO LIST ON NASDAQ THROUGH BUSINESS COMBINATION WITH ROC
ENERGY ACQUISITION CORP.
    * ROC ENERGY ACQUISITION CORP - BUSINESS COMBINATION IMPLIES
A
COMBINED PRO FORMA ENTERPRISE VALUE OF APPROXIMATELY $319
MILLION
    * DRILLING TOOLS INTERNATIONAL: DTI EXPECTS TO ACHIEVE
STRONG
EBITDA MARGINS OF OVER 30% IN 2022 AND 2023 WITH CONSISTENT FREE
CASH FLOW GENERATION
    * DRILLING TOOLS INTERNATIONAL -  UPON CLOSING, THE COMBINED
COMPANY WILL BE LISTED ON THE NASDAQ UNDER THE NEW TICKER "DTI"

Source text for Eikon:  ID:nPn4pbVHMa 
Further company coverage:  ROC.O 
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