KOIL Energy Announces Pricing of $5.6 Million Private Placement and Preliminary Third Quarter 2026 Financial Results
KOIL Energy priced a $5.6 million PIPE of 1,330,372 shares at $2.50 plus pre-funded warrants for up to 919,628 additional shares, with Lucid Capital Markets as sole placement agent. Proceeds are earmarked for working capital, general corporate purposes, and expansion of the rental equipment fleet; the deal is expected to close on or about October 29, 2026, with a resale registration statement due within 30 days. Alongside the financing, KOIL pre-announced preliminary Q3 2026 revenue of $9.4-$10.0 million, representing roughly 48-57% year-over-year growth, with adjusted EBITDA of $0.7-$1.2 million.
Key figures
- Revenue
- $9.4 million to $10.0 million (preliminary Q3 2026)
- Revenue Yoy
- 48% to 57%
- Deal Value Usd
- 5600000
- Offering Price
- 2.5
- Shares Offered
- 1330372
- Cash prior to pipe
- approximately $0.6 million as of September 30, 2026
- Adjusted ebitda range
- $0.7 million to $1.2 million (preliminary Q3 2026)
- Preliminary net income
- $160K-$600K
- Prefunded warrant price
- $2.499
- Prefunded warrant shares
- 919628
AI analysis
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