ROC Energy Acquisition Down 29% as It Completes Drilling Tools Merger

Dow Jones2023-06-21

By Josh Beckerman

ROC Energy Acquisition shares were recently down 29%, to $5.06, as the blank-check company completed its combination with Drilling Tools International.

Earlier Tuesday, a Nasdaq Equity Corporate Actions Alert said closing was expected Tuesday.

Drilling Tools said it expects to benefit from a "streamlined capital structure" and "a strong, debt-free balance sheet."

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

June 20, 2023 15:51 ET (19:51 GMT)

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