Koil Energy Solutions Inc. (KLNG)

[StarToSteerBy]

I look at this as a huge positive, especially as they followed through on uplisting to the QX tier:

Additionally, this financing will significantly improve our overall capital structure and liquidity in our stock by increasing our institutional ownership to over 30% and places Deep Down in a better position to upgrade to a national stock exchange in the future. I am very pleased with the quality of our investor group and our Company's position to address the rapidly growing deepwater offshore oil industry."

In light of recent expansion, I like how they're going to use this:

The Company intends to use the aggregate net proceeds from the transaction primarily to reduce debt, expand the Company's production capacity and increase available working capital for future growth.