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0 0 0 0 0.0608812004205296 0.0513237121284527 -0.0155787059160852 0.0226512472522222
Stock impact report

Superior Drilling Products Shareholders Approve Acquisition by Drilling Tools International

Superior Drilling Products, Inc. (SDPI) 
NASDAQ:AMEX Investor Relations: sdpi.com
Company Research Source: Business Wire
VERNAL, Utah--(BUSINESS WIRE)--Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or the “Company”), a designer and manufacturer of drilling tool technologies, today announced that its shareholders voted to approve the acquisition of SDP by Drilling Tools International Corporation (“DTI”) (Nasdaq: DTI) at the special meeting of shareholders held yesterday.Troy Meier, SDP’s Chairman and CEO, stated, “We are pleased to have reached this important milestone and appreciate the support of our shareholders. Their confidence reflects a shared recognition of the tremendous opportunities ahead as a combined company. We are committed to ensuring a seamless transition and are excited to embark on this new chapter.”More than 99% of the shares voted at the special meeting (representing approximately 77% of the total shares of SDPI outstanding as of the record date) were voted in favor of the merger agreement. SDP will file the final vote results, as certified by the independent Insp Show less Read more
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