Koil Energy Solutions Inc. (KLNG)

[SageWise]

Yes. That's what this filing states:
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6051610-1062-309612&type=sect&TabIndex=2&companyid=75280&ppu=%252fdefault.aspx%253fcik%253d1110607
"Terms of the Credit Agreement also include a detachable warrant to purchase up to 4,960,585 shares of common stock at an exercise price of $0.507 per share. The warrant has a five-year term and becomes exercisable on the two-year anniversary of the original financing, August 6, 2009. The proceeds of the debt were allocated to the warrants based on its estimated relative fair value at the measurement date of when the final agreement was signed and announced and reflected as a discount to the debt. The relative fair market value of these warrants was $1.5 million and is being amortized as interest expense. Interest expense associated with the fair market value of the warrant was $135,931 during 2007."

However, if it was exercisable Aug 6, 2009, I'm wondering how it could be exercised a year earlier. (if I'm reading the terms right)