SDPI

SDPI Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Superior Drilling Products, Inc. Is Fair to Shareholders

Retrieved on: 
Thursday, March 7, 2024

Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Superior Drilling Products, Inc. (NYSE American: SDPI) to Drilling Tools International Corp. for approximately $32.2 million in cash and Drilling Tools stock is fair to Superior Drilling shareholders.

Key Points: 
  • Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Superior Drilling Products, Inc. (NYSE American: SDPI) to Drilling Tools International Corp. for approximately $32.2 million in cash and Drilling Tools stock is fair to Superior Drilling shareholders.
  • The investigation concerns whether Superior Drilling and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Superior Drilling shareholders; (2) determine whether Drilling Tools is underpaying for Superior Drilling; and (3) disclose all material information necessary for Superior Drilling shareholders to adequately assess and value the merger consideration.
  • On behalf of Superior Drilling shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

Superior Drilling Products to Report Fourth Quarter and Full Year 2023 Financial Results and Host Conference Call on March 7

Retrieved on: 
Thursday, February 22, 2024

Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or “Company”), a designer and manufacturer of drilling tool technologies, today announced that it will release its fourth quarter and full year 2023 financial results before the opening of financial markets on Thursday, March 7, 2024.

Key Points: 
  • Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or “Company”), a designer and manufacturer of drilling tool technologies, today announced that it will release its fourth quarter and full year 2023 financial results before the opening of financial markets on Thursday, March 7, 2024.
  • The Company will host a conference call and webcast that day to review the financial and operating results and discuss its corporate strategy and outlook.
  • Internet Webcast and accompanying slide presentation: sdpi.com
    A telephonic replay will be available from 2:00 p.m. MT (4:00 p.m.
  • The webcast replay can be accessed via the investor relations section at sdpi.com , where a transcript will also be posted once available.

Superior Drilling Products to Report Third Quarter 2023 Financial Results and Host Conference Call on November 9

Retrieved on: 
Thursday, October 26, 2023

Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or “Company”), a designer and manufacturer of drilling tool technologies, today announced that it will release its third quarter 2023 financial results before the opening of financial markets on Thursday, November 9, 2023.

Key Points: 
  • Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or “Company”), a designer and manufacturer of drilling tool technologies, today announced that it will release its third quarter 2023 financial results before the opening of financial markets on Thursday, November 9, 2023.
  • The Company will host a conference call and webcast that day to review the financial and operating results and discuss its corporate strategy and outlook.
  • Internet Webcast and accompanying slide presentation: sdpi.com
    A telephonic replay will be available from 2:00 p.m. MT (4:00 p.m.
  • ET) the day of the teleconference until Thursday, November 23, 2023.

Noble Profit Sets the New Standard For Climate and Sustainability With the First United Nations' SDPI Framework Integration

Retrieved on: 
Thursday, September 7, 2023

SAN FRANCISCO, Sept. 7, 2023 /PRNewswire/ -- Noble Profit announced today that it is the first technology platform to integrate the United Nations' new Sustainable Development Performance Indicators (SDPI) framework for transparent reporting of authentic sustainability assessment.

Key Points: 
  • Noble Profit has also integrated its groundbreaking BFlo technology into their own platform for UN SDPI reporting to ensure veracity of claims around sustainability and climate.
  • Noble Profit is inviting companies to join the first BFlo Lab for UN SDPI to give more insight into ESG claims.
  • Noble Profit's integration of the SDPIs with BFlo technology enables sustainability performance assessment, as well as the ability to visualize sustainability performance at an institutional level.
  • Noble Profit's solution provides simple reporting tools with sophisticated dashboards and analytics showing how annual UN SDPI and sustainability metrics are achieved.

Noble Profit Sets the New Standard For Climate With the First Integration of United Nations' SDPI Framework

Retrieved on: 
Tuesday, August 29, 2023

SAN FRANCISCO, Aug. 29, 2023 /PRNewswire/ -- Noble Profit announced today that it is the first technology platform to integrate the United Nations' new Sustainable Development Performance Indicators (SDPI) framework for transparent reporting of authentic sustainability assessment.

Key Points: 
  • Noble Profit's BFlo technology is the first to integrate UN SDPIs for authentic sustainability performance assessment.
  • Noble Profit has also integrated into the UN SDPI, its groundbreaking BFlo technology for veracity of claims around sustainability and climate.
  • Noble Profit is inviting companies to join the first BFlo Lab cohorts using the UN SDPI to give more transparency to ESG claims and gain shared intelligence.
  • Noble Profit's solution provides simple reporting tools with sophisticated dashboards and analytics showing how annual UN SDPI and sustainability metrics are achieved.

Superior Drilling Products, Inc. Enters Into New Loan and Line of Credit Agreement

Retrieved on: 
Wednesday, August 2, 2023

The proceeds from the receivables program were used to repay the full amount outstanding under the Company’s existing credit agreement.

Key Points: 
  • The proceeds from the receivables program were used to repay the full amount outstanding under the Company’s existing credit agreement.
  • The funds available through the term loan and the revolving line can be used for working capital and growth capital purposes.
  • The interest rate on the revolving line will be the greater of prime plus 1.00% or 7.50%.
  • The face amount of the accounts that may be purchased cannot exceed $2.5 million under the domestic agreement and $2.0 million under the international agreement.

Superior Drilling Products to Report Second Quarter 2023 Financial Results and Host Conference Call on August 14

Retrieved on: 
Monday, July 31, 2023

Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or “Company”), a designer and manufacturer of drilling tool technologies, today announced that it will release its second quarter 2023 financial results before the opening of financial markets on Monday, August 14, 2023.

Key Points: 
  • Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or “Company”), a designer and manufacturer of drilling tool technologies, today announced that it will release its second quarter 2023 financial results before the opening of financial markets on Monday, August 14, 2023.
  • The Company will host a conference call and webcast that day to review the financial and operating results and discuss its corporate strategy and outlook.
  • Internet Webcast and accompanying slide presentation: sdpi.com
    A telephonic replay will be available from 2:00 p.m. MT (4:00 p.m.
  • ET) the day of the teleconference until Monday, August 28, 2023.

Superior Drilling Products, Inc. Retains Piper Sandler & Co. as Financial Advisor to Evaluate Strategic Alternatives

Retrieved on: 
Monday, May 22, 2023

Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or the “Company”), a designer and manufacturer of drilling tool technologies, announced that it has retained Piper Sandler & Co. as its financial advisor to investigate a range of strategic alternatives with the intent to maximize shareholder value.

Key Points: 
  • Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or the “Company”), a designer and manufacturer of drilling tool technologies, announced that it has retained Piper Sandler & Co. as its financial advisor to investigate a range of strategic alternatives with the intent to maximize shareholder value.
  • As part of the process, the Company’s Board of Directors will consider a full range of strategic alternatives, including sales, acquisitions, mergers, divestiture of assets, or other strategic transactions.
  • There can be no assurance that any offers will be made or accepted, that any agreement will be executed, or that any transaction will be consummated, in connection with the strategic alternatives process.
  • The Company has not set a timetable for the conclusion of its review of potential alternatives, and does not intend to make further announcements about the process unless and until the Board has approved a specific transaction or otherwise determines that further disclosure is appropriate or necessary.

Star Equity Fund Issues Open Letter to Board of Superior Drilling Products

Retrieved on: 
Tuesday, May 9, 2023

OLD GREENWICH, Conn., May 09, 2023 (GLOBE NEWSWIRE) -- Star Equity Fund, LP and affiliates (“Star Equity”, “we”, “us”, “our”), an 11.7% shareholder of Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDPI” or the “Company”), issued today an open letter to SDPI’s Board of Directors (the “Board”), particularly its three independent Board members: James R. Lines, Robert Iverson, and Michael V. Ronca.

Key Points: 
  • OLD GREENWICH, Conn., May 09, 2023 (GLOBE NEWSWIRE) -- Star Equity Fund, LP and affiliates (“Star Equity”, “we”, “us”, “our”), an 11.7% shareholder of Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDPI” or the “Company”), issued today an open letter to SDPI’s Board of Directors (the “Board”), particularly its three independent Board members: James R. Lines, Robert Iverson, and Michael V. Ronca.
  • Dear Members of the Board:
    On May 10, 2022, we wrote an Open Letter to the Board calling on you to run a process to maximize SDPI shareholder value and improve the Company’s corporate governance.
  • In addition, we nominated two highly qualified candidates to serve on the SDPI Board.
  • Additionally, we requested a call with the SDPI Board which was scheduled for September 19, 2022.

Superior Drilling Products to Report First Quarter 2023 Financial Results and Host Conference Call on May 11

Retrieved on: 
Thursday, April 27, 2023

Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or “Company”), a designer and manufacturer of drilling tool technologies, today announced that it will release its first quarter 2023 financial results before the opening of financial markets on Thursday, May 11, 2023.

Key Points: 
  • Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or “Company”), a designer and manufacturer of drilling tool technologies, today announced that it will release its first quarter 2023 financial results before the opening of financial markets on Thursday, May 11, 2023.
  • The Company will host a conference call and webcast that day to review the financial and operating results and discuss its corporate strategy and outlook.
  • Internet Webcast and accompanying slide presentation: www.sdpi.com
    A telephonic replay will be available from 11:00 a.m. MT (1:00 p.m.
  • ET) the day of the teleconference until Thursday, May 18, 2023.