Goldman Files SC 13D for Koil Energy Solutions

TL;DR

**Koil Energy Solutions:** Goldman filed 13D, watch for ownership changes.

AI Summary

Neal Goldman filed an SC 13D on October 15, 2024, for Koil Energy Solutions, Inc. The filing indicates a change in beneficial ownership, with Goldman's address listed as 170 Southport Drive, Morrisville, NC. The company, formerly known as Deep Down, Inc., MediQuip Holdings, Inc., and TRUE HEALTH INC, is in the Oil & Gas Machinery & Equipment sector.

Why It Matters

This filing signals a potential shift in control or significant stake acquisition in Koil Energy Solutions, Inc., which could impact the company's stock price and strategic direction.

Risk Assessment

Risk Level: medium — SC 13D filings often indicate significant stake changes or potential activist investor involvement, which can introduce volatility.

Key Numbers

• 20241015 — Filing Date (Indicates the date of the SC 13D submission.)
• 20210811 — Event Date (Date of the event requiring the filing.)

Key Players & Entities

• Koil Energy Solutions, Inc. (company) — Subject Company
• Neal Goldman (person) — Filing Person
• Deep Down, Inc. (company) — Former Company Name
• MediQuip Holdings, INC (company) — Former Company Name
• TRUE HEALTH INC (company) — Former Company Name
• 0001683168-24-007151 (dollar_amount) — Accession Number

FAQ

Key Financial Figures

• $0.001 — , INC. (Name of Issuer) Common Stock, $0.001 par value per share (Title of Class of
• $423,500 — erson, and the amount of funds used was $423,500. At various times subsequent to his ap
• $0.37 — Common Stock, with an exercise price of $0.37 per share. b. 50,000 shares of Common
• $0.72 — Common Stock, with an exercise price of $0.72 per share. c. 50,000 shares of Common
• $0.63 — Common Stock, with an exercise price of $0.63 per share. d. 50,000 shares of Common
• $0.55 — Common Stock, with an exercise price of $0.55 per share. Other than the foregoing,

Filing Documents

• koil_13d.htm (SC 13D) — 31KB
• koil_ex1.htm (EX-1) — 66KB
• 0001683168-24-007151.txt ( ) — 99KB

Security and Issuer

Item 1. Security and Issuer. This Schedule 13D relates to the common stock, par value $0.001 per share (“Common Stock”), of Koil Energy Solutions, Inc., a Nevada corporation (the “Issuer”). The principal executive office of the Issuer is located at 1310 Rankin Road, Houston, TX 77073.

Identity and Background

Item 2. Identity and Background. (a) This Schedule 13D is being filed on behalf of Neal Goldman. (b) The address of the Reporting Person is 76 Third Street North, Naples, FL 34102. (c) Mr. Goldman is the managing member of Goldman Capital Management, Inc., a family office. The address of the principal business is 76 Third Street North, Naples, FL 34102. Mr. Goldman is a member of the Board of Directors of the Issuer. (d) During the last five years, the Reporting Person have not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) During the last five years, the Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) Mr. Goldman is a citizen of the United States of America.

Source or Amount of Funds or

Item 3. Source or Amount of Funds or Other Consideration. The source of funds is the personal investment capital of the Reporting Person, and the amount of funds used was $423,500. At various times subsequent to his appointment as a director of the Company, Mr. Goldman has been granted options exercisable into Common Stock of the Company. Pursuant to Rule 13d-3, Mr. Goldman is deemed to beneficially own 50,000 shares subject to such options.

Purpose of Transaction

Item 4. Purpose of Transaction. The acquisition of securities of the Issuer is for investment purposes. The Reporting Person does not have any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a)-(j) of Item 4 of Schedule 13D except as set forth herein or such as would occur upon or in connection with completion of, or following, any of the actions discussed herein, and other than equity compensation with respect to Mr. Goldman’s service on the Board. The Reporting Person intends to review his investment in the Issuer on a continuing basis. Depending on various factors including, without limitation, the Issuer’s financial position and investment strategy, the price levels of the Common Stock, conditions in the securities markets and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to his investment in the Issuer as he deems appropriate including, without limitation, engaging in additional communications with management and the Board, engaging in discussions with stockholders of the Issuer and others about the Issuer and the Reporting Person’s investment, making proposals to the Issuer concerning changes to the capitalization, ownership structure, board structure (including Board composition) or operations of the Issuer, purchasing additional shares of Common Stock, selling some or all of his shares of Common Stock, or changing his intention with respect to any and all matters referred to in Item 4. 3 CUSIP No. 24372A305 13D Page 4 of 5 Pages

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer. a) See Items 11 and 13 on the cover page to this Schedule 13D for the aggregate number and percentage of the class of securities identified pursuant to Item 1 owned by the Reporting Person. b) Number of shares as to which the Reporting Persons have: a. Sole power to vote or to direct the vote: See Item 7 on cover page to this Schedule 13D. b. Shared power to vote or to direct the vote: See Item 8 on cover page to this Schedule 13D. c. Sole power to dispose or direct the disposition: See Item 9 on cover page to this Schedule 13D. d. Shared power to dispose or direct the disposition: See Item 10 on cover page to this Schedule 13D. c) On September 25, 2024, the Reporting Person exercised the following options for a total of 200,000 shares of Common Stock. a. 50,000 shares of Common Stock, with an exercise price of $0.37 per share. b. 50,000 shares of Common Stock, with an exercise price of $0.72 per share. c. 50,000 shares of Common Stock, with an exercise price of $0.63 per share. d. 50,000 shares of Common Stock, with an exercise price of $0.55 per share. Other than the foregoing, the Reporting Person has not effected any transactions in the Common Stock during the past sixty days. d) No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock beneficially owned by the Reporting Persons.

Contracts, Arrangements,

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. None, other than agreements with respect to options granted to Mr. Goldman in connection with his service on the Board.

Material to Be Filed as

Item 7. Material to Be Filed as Exhibits. Exhibit 1. Form of Director Stock Option Agreement 4 CUSIP No. 24372A305 13D Page 5 of 5 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. /s/ Neal Goldman Insert Name Individual Insert Title October 15, 2024 Insert Date 5

View Full Filing

View this SC 13D filing on SEC EDGAR