• Koil Energy Solutions entered an agreement to raise approximately $5.6 million in gross proceeds through a private placement.
• The offering includes 1,330,372 common shares at $2.50 per share.
• Pre-funded warrants cover up to 919,628 common shares at $2.499 per warrant, with an exercise price of $0.001 per share.
• Closing is expected on or about October 29, 2026, subject to customary conditions.
• Net proceeds will fund working capital and general corporate purposes, including rental equipment investments.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Koil Energy Solitions Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610280730PRIMZONEFULLFEED9854879) on October 28, 2026, and is solely responsible for the information contained therein.