secwatch.observer — SEC 8-K summary
======================================

Issuer:     Koil Energy Solutions, Inc. (KLNG)
CIK:        0001110607
Form:       8-K
Filed at:   2021-12-06T23:59:59+00:00
Accession:  0001683168-21-006101
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Deep Down enters 10-year lease for 101,320 sq ft facility in Houston; base rent $78,100/month
--------------------------------------------------------------------------------

- Lease with Wellbore Integrity Solutions, LLC for 1310 Rankin Road, Houston, TX; 101,320 sq ft of office, warehouse, yard, and parking.
- Term of 10 years with commencement by May 5, 2022; base rent $78,100/month, increasing 2% annually.
- Rent abatement in first year totals $509,000 as part of tenant improvement allowance; base rent includes property taxes and common area costs.
- Facility to be used for fabrication of custom-engineered products like steel flying leads, umbilical accessories, and subsea equipment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1110607/000168316821006101/0001683168-21-006101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1110607/000168316821006101/deepdown_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-21-006101

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer