DealsOct 30, 2026, 05:16 PM
Koil Energy Raises $5.6M in Private Placement; Q3 Revenue Up 48-57%
AI Summary
Koil Energy Solutions, Inc. announced the closing of a private placement raising approximately $5.6 million in gross proceeds. The financing involved the sale of common stock and pre-funded warrants to institutional and accredited investors. The company intends to use the net proceeds for working capital, general corporate purposes, and expanding its rental equipment fleet. Additionally, Koil Energy provided preliminary Q3 2026 financial results, expecting revenue between $9.4 million and $10.0 million, representing significant year-over-year growth.
Key Highlights
- Koil Energy Solutions, Inc. raised approximately $5.6 million in a private placement.
- The company sold 1,330,372 shares of common stock at $2.50 per share.
- Pre-funded warrants to purchase up to 919,628 shares were also sold at $2.499 per warrant.
- Proceeds will be used for working capital, general corporate purposes, and investments in rental equipment.
- Preliminary Q3 2026 revenue is expected between $9.4 million and $10.0 million, a 48%-57% YoY increase.
- Preliminary Q3 2026 Adjusted EBITDA is expected between $0.7 million and $1.2 million.
Price Impact
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