KOIL Energy prices $5.6 million private placement
KLNG•KOIL Energy agreed to raise approximately $5.6 million in gross proceeds through a private placement, including 1,330,372 shares priced at $2.50 each and pre-funded warrants for up to 919,628 shares.
1. Offering details
The unregistered private placement is with institutional and other accredited investors. Pre-funded warrants are priced at $2.499 each and have an exercise price of $0.001 per share. Closing is expected October 29, 2026, subject to customary conditions. Net proceeds will fund working capital and general corporate purposes, including investments in rental equipment.
