Koil Energy Solutions Inc. (KLNG)

[MossyOak]

Private Investment in Public Equity - PIPE

A private investment firm's, mutual fund's or other qualified investors' purchase of stock in a company at a discount to the current market value per share for the purpose of raising capital. There are two main types of PIPEs - traditional and structured. A traditional PIPE is one in which stock, either common or preferred, is issued at a set price to raise capital for the issuer. A structured PIPE, on the other hand, issues convertible debt (common or preferred shares).


http://www.investopedia.com/terms/p/pipe.asp