Jeffrey L. Gendell reports beneficial ownership of 1,849,553 shares of Drilling Tools International Corporation common stock, representing 5.2% of the 35,661,297 shares outstanding used for this filing. The shares are directly owned by two Delaware limited partnerships: Tontine Financial Partners, L.P. (1,757,893 shares) and Tontine Capital Overseas Master Fund II, L.P. (91,660 shares). Mr. Gendell is the managing member of the general partner entities that direct those partnerships and exercises shared voting and dispositive power over the reported shares. The filing is submitted on Schedule 13G and includes a certification that the holdings are not held to influence control of the issuer.
Positive
Disclosure of a material stake: Ownership of 1,849,553 shares (5.2%) is clearly reported
Entity structure transparency: Filing identifies the two partnerships and the managing member roles
Passive intent certified: Item 10 certification states the securities are not held to influence control
Negative
None.
Insights
TL;DR: A passive investor discloses a modest but material >5% stake, increasing investor visibility into ownership concentration.
The Schedule 13G indicates Mr. Gendell holds 1,849,553 shares, or 5.2% of the company, via two investment partnerships. The use of Rule 13d-1(b)/(c)/(d) procedural boxes and the Item 10 certification signal a passive intent rather than an attempt to influence control. For valuation or market-impact analysis, this level of ownership is material for disclosure but does not by itself indicate governance change or a control contest.
TL;DR: Ownership is concentrated enough to warrant monitoring but the filing asserts no control-seeking activities.
Mr. Gendell’s role as managing member of the general partners explains why voting and dispositive powers are reported as shared rather than sole. The filing identifies the specific entities and clarifies that the general partners direct receipt of dividends and sale proceeds. The Schedule 13G format and the signed certification are consistent with a passive disclosure framework under the Exchange Act.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Drilling Tools International Corporation
(Name of Issuer)
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
26205E107
(CUSIP Number)
09/24/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
26205E107
1
Names of Reporting Persons
Jeffrey L. Gendell
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,849,553.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,849,553.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,849,553.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.2 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: The percentages used in this Schedule 13G are calculated based upon the 35,661,297 shares of Common Stock, par value $0.0001 per share ("Common Stock"), of Drilling Tools International Corporation (the "Company") issued and outstanding as of August 14, 2025, as set forth in the Company's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025 filed with the Securities and Exchange Commission on August 14, 2025.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Drilling Tools International Corporation
(b)
Address of issuer's principal executive offices:
The Company's principal executive offices are located at 10370 Richmond Avenue, Suite 1000, Houston, Texas 77042.
Item 2.
(a)
Name of person filing:
This statement is filed by Jeffrey L. Gendell, a United States citizen ("Mr. Gendell"), with respect to 1,757,893 shares of Common Stock directly owned by Tontine Financial Partners, L.P., a limited partnership organized under the laws of the State of Delaware ("TFP"), and with respect to 91,660 shares of Common Stock directly owned by Tontine Capital Overseas Master Fund II, L.P. a limited partnership organized under the laws of the State of Delaware ("TCOM II"). Mr. Gendell serves as (1) Managing Member of Tontine Management, L.L.C., a limited liability company organized under the laws of the State of Delaware ("TM"), which serves as general partner of TFP, and (2) Managing Member of Tontine Asset Associates, LLC, a limited liability company organized under the laws of the State of Delaware ("TAA"), which serves as general partner of TCOM II.
(b)
Address or principal business office or, if none, residence:
The address of the business office of Mr. Gendell is 1 Sound Shore Drive, Suite 304, Greenwich, CT 06830-7251.
(c)
Citizenship:
See Item 2(a) above.
(d)
Title of class of securities:
Common Stock, par value $0.0001 per share
(e)
CUSIP No.:
26205E107
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
1,849,553
(b)
Percent of class:
5.2 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
1,849,553
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
1,849,553
Item 5.
Ownership of 5 Percent or Less of a Class.
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
TM, the general partner of TFP, has the power to direct the affairs of TFP, including directing the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock directly owned by TFP. Mr. Gendell is the Managing Member of TM and in that capacity directs its operations.
TAA, the general partner of TCOM II, has the power to direct the affairs of TCOM II, including directing the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock directly owned by TCOM II. Mr. Gendell is the Managing Member of TAA and in that capacity directs its operations.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Who reported the 5.2% stake in Drilling Tools International (DTI)?
The filing was made by Jeffrey L. Gendell, reporting beneficial ownership through Tontine Financial Partners, L.P. and Tontine Capital Overseas Master Fund II, L.P.
How many shares and what percentage of DTI does Mr. Gendell report?
He reports 1,849,553 shares, representing 5.2% of the class based on 35,661,297 shares outstanding used in the filing.
Are the reported shares held directly or through entities?
The shares are directly owned by two Delaware limited partnerships: TFP (1,757,893 shares) and TCOM II (91,660 shares).
Does the filing indicate an intent to influence control of DTI?
No. The Schedule 13G includes a certification stating the securities were not acquired and are not held to change or influence control.
What voting and dispositive powers are reported?
The filing reports 0 shares with sole voting or dispositive power and 1,849,553 shares with shared voting and dispositive power.
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