Drilling Tools International Corporation has announced a change in its certifying accountant, following a competitive selection process conducted by the Audit Committee of its Board of Directors. Effective May 15, 2025, Grant Thornton LLP has been appointed as the new independent registered public accounting firm for the fiscal year ending December 31, 2025, replacing Weaver and Tidwell, L.L.P. (Weaver). The decision comes after a review and evaluation of proposals from participating firms. Importantly, during the fiscal years 2023 and 2024, there were no disagreements or reportable events between Drilling Tools International and Weaver regarding accounting principles or practices. Weaver's reports for those years did not contain adverse opinions or modifications. Weaver has been informed of the dismissal and a letter from them has been filed with the SEC in agreement with the company's disclosures.
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