SCHEDULE: MAZ Partners Boosts Koil Energy Stake, Seeks Influence

MAZ Partners LP and affiliates have increased their stake in Koil Energy Solutions, Inc. to 2.5%, signaling an intent to influence company policies and maximize shareholder value.

Summary

• MAZ Partners LP, MAZ Capital Advisers, LLC, and Walter Schenker (collectively, the "Reporting Persons") have filed an Amendment No. 2 to Schedule 13D regarding their beneficial ownership in Koil Energy Solutions, Inc.
• The Reporting Persons collectively beneficially own 300,023 shares of Koil Energy Solutions, Inc. Common Stock.
• This ownership represents approximately 2.5% of the company's outstanding Common Stock, based on 12,188,202 shares outstanding as of September 30, 2025, as disclosed in the Issuer's Form 10-Q filed on November 14, 2025.
• The shares were acquired for investment purposes, with the stated intent to influence the Issuer's policies and assert shareholder rights to maximize the value of the Common Stock.
• The Reporting Persons may engage in communications with Koil Energy's officers and Board of Directors regarding various aspects of the company, including its business, management, operations, assets, capitalization, financial condition, governance, strategy, and future plans.
• They also intend to review their investment periodically and may acquire additional shares or dispose of existing holdings in the future.

Sentiment

Score: 7

Explanation: The filing indicates an activist investor group has taken a significant stake in Koil Energy Solutions, Inc. with the explicit goal of influencing company policies and maximizing shareholder value. This often signals potential for strategic changes or improved governance, which can be a positive catalyst for the stock.

Positives

• An activist investor group has taken a significant stake, indicating a belief in the company's underlying value.
• The stated purpose is to influence policies and maximize shareholder value, which could lead to positive strategic or operational changes for all shareholders.

Future Outlook

The Reporting Persons intend to review their investment in Koil Energy Solutions, Inc. based on various factors and may take future actions, including further acquisitions or disposals of Common Stock, to maximize value.

Management Comments

• "The intent of the Reporting Persons is to influence the policies of the Issuer and assert shareholder rights, with a goal of maximizing the value of the Common Stock."
• "The Reporting Persons may engage in communications with one or more officers of the Issuer and/or one or more members of the Board of Directors of the Issuer, and/or one or more representatives of the Issuer regarding the Issuer, including, but not limited to its business, management, operations, assets, capitalization, financial condition, governance, strategy and future plans."

Industry Context

This filing indicates an activist investor taking a position in an energy solutions company, a common strategy in sectors undergoing transition or where investors perceive undervalued assets or operational inefficiencies. Such actions often aim to drive strategic changes or improve corporate governance.

Corporate Governance

Stakeholder Impact

• Shareholders: Potential for increased shareholder value if the activist's efforts lead to positive changes in company performance or strategy.
• Management/Board: Increased scrutiny and potential pressure from the activist investor to implement changes.

Next Steps

• Reporting Persons may engage in communications with Koil Energy's officers and Board of Directors.
• Reporting Persons will continue to review their investment and may acquire or dispose of shares.

Key Dates

Recommendation

While the activist stake and stated intent to maximize shareholder value could be a positive catalyst, the specific plans or outcomes are not yet defined. Investors should hold to observe how the engagement between the activist and Koil Energy Solutions, Inc. unfolds and what concrete actions, if any, are proposed or implemented.

Keywords

Koil Energy Solutions, MAZ Partners, Walter Schenker, Schedule 13D, Activist Investor, Shareholder Activism, Corporate Governance, Investment Management, Common Stock, Deep Down Inc