Item 8.01 Other Events

On October 19, 2021, Superior Drilling Products, Inc. (the "Company") issued a press release announcing the closing of the transactions contemplated by the securities purchase agreement (the "Purchase Agreement") between the Company and certain institutional investors dated October 14, 2021, which provides for the sale and issuance by the Company to certain institutional investors of an aggregate of 1,739,131 shares of the Company's common stock at an offering price of $1.15 per share in a registered direct offering (the "Registered Offering") priced at-the-market under NYSE American rules for gross proceeds of approximately $2,000,000 before deducting EF Hutton, division of Benchmark Investments, LLC (the "Placement Agent") fees and related offering expenses.

Item 9.01. Financial Statements and Exhibits.





(d) Exhibits.

The following exhibits are included with this Current Report on Form 8-K:





Exhibit No.   Description
99.1            Press Release dated October 19, 2021
 104           Cover Page Interactive Data File (embedded within the Inline XBRL
              document)

© Edgar Online, source Glimpses