# EDGAR Filing Document

**Accession Number:** 0001798792
**File Stem:** 0001798792-25-000005
**Filing Date:** 2025-8
**Character Count:** 12372
**Document Hash:** 52c82cdfbccc09d1abded5abda4b0e72
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001798792-25-000005.hdr.sgml**: 20250815

**ACCESSION NUMBER**: 0001798792-25-000005

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250815

**DATE AS OF CHANGE**: 20250815

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Koil Energy Solutions, Inc.
- **CENTRAL INDEX KEY:** 0001110607
- **STANDARD INDUSTRIAL CLASSIFICATION:** OIL & GAS FILED MACHINERY & EQUIPMENT [3533]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 752263732
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-79086
- **FILM NUMBER:** 251223025

**BUSINESS ADDRESS:**
- **STREET 1:** 1310 RANKIN ROAD
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77073
- **BUSINESS PHONE:** (281) 517-5000

**MAIL ADDRESS:**
- **STREET 1:** 1310 RANKIN ROAD
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77073

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Deep Down, Inc.
- **DATE OF NAME CHANGE:** 20061220

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MediQuip Holdings, INC
- **DATE OF NAME CHANGE:** 20060501

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TRUE HEALTH INC
- **DATE OF NAME CHANGE:** 20000329
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Intelligent Fanatics Capital Management LLC
- **CENTRAL INDEX KEY:** 0001798792

**ORGANIZATION NAME:**
- **EIN:** 831916631
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** 350 RUMFORD ROAD
- **CITY:** LITITZ
- **STATE:** PA
- **ZIP:** 17543
- **BUSINESS PHONE:** 7179846944

**MAIL ADDRESS:**
- **STREET 1:** 350 RUMFORD ROAD
- **CITY:** LITITZ
- **STATE:** PA
- **ZIP:** 17543

### Attached PDF Documents

**Attachment 1:** `exhibit1.pdf`

_No text found in this document._

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**(Amendment No. 2)**

**Issuer:** Koil Energy Solutions, Inc.

**Title of Class of Securities:** Common Stock, par value $0.001 per share

**CUSIP Number:** 24372A305

**Date of Event Which Requires Filing of this Statement:** 08/14/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [ ] Rule 13d-1(b)

- [x] Rule 13d-1(c)

- [ ] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>Intelligent Fanatics Capital Management LLC | Names of Reporting Persons<br>Intelligent Fanatics Capital Management LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>PA | Citizenship or Place of Organization<br>PA |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>1250170.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>1250170.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>1250170.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>1250170.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>10.3% | Percent of Class Represented by Amount in Row (9)<br>10.3% |
| 12. | Type of Reporting Person (See Instructions)<br>IA | Type of Reporting Person (See Instructions)<br>IA |

**Comment for Type of Reporting Person:** Intelligent Fanatics Capital Management LLC (IFCM) is the general partner of IFCM MicroCap Fund LP (Fund). The securities reported in this Schedule 13G are held directly by the Fund.

---

| 1. | Names of Reporting Persons<br>Cassel Ian J. | Names of Reporting Persons<br>Cassel Ian J. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>X1 | Citizenship or Place of Organization<br>X1 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>1250170.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>1250170.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>1250170.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>1250170.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>10.3% | Percent of Class Represented by Amount in Row (9)<br>10.3% |
| 12. | Type of Reporting Person (See Instructions)<br>IN | Type of Reporting Person (See Instructions)<br>IN |

**Comment for Type of Reporting Person:** Mr. Cassel is the sole managing member of IFCM. Mr. Cassel has shared voting and investment power with respect to, and therefore may be deemed to be the beneficial owner of, the shares beneficially owned by the Fund. Mr. Cassel disclaims beneficial ownership of the shares beneficially owned by the Fund, other than the shares attributable to his limited and general partnership interest therein.

---

| 1. | Names of Reporting Persons<br>IFCM MicroCap Fund LP | Names of Reporting Persons<br>IFCM MicroCap Fund LP |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>1250170.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>1250170.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>1250170.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>1250170.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>10.3% | Percent of Class Represented by Amount in Row (9)<br>10.3% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

---

**Item 1(a). Name of Issuer:**
Koil Energy Solutions, Inc.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
1310 RANKIN ROAD, 1310 RANKIN ROAD, HOUSTON, TEXAS, 77073.

**Item 2(a). Name of Person Filing:**
Intelligent Fanatics Capital Management, LLClan Cassel
IFCM MicroCap Fund LP

**Item 2(b). Address of Principal Business Office:**
350 Rumford Road
Lititz, Pennsylvania 17543

**Item 2(c). Citizenship:**
Intelligent Fanatics Capital Management, LLC - Pennsylvania
IFCM MicroCap Fund LP - Delawarelan Cassel - USA

**Item 2(d). Title of Class of Securities:**
Common Stock, par value $0.001 per share

**Item 2(e). CUSIP Number:**
24372A305

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

Intelligent Fanatics Capital Management, LLC: 1,250,170lan Cassel: 1,250,170
IFCM MicroCap Fund LP: 1,250,170

**(b) Percent of class:**

Intelligent Fanatics Capital Management, LLC: 10.3%lan Cassel: 10.3%
IFCM MicroCap Fund LP: 10.3%

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

0

**(ii) Shared power to vote or to direct the vote:**

Intelligent Fanatics Capital Management, LLC: 1,250,170lan Cassel: 1,250,170
IFCM MicroCap Fund LP: 1,250,170

**(iii) Sole power to dispose or to direct the disposition of:**

0

**(iv) Shared power to dispose or to direct the disposition of:**

Intelligent Fanatics Capital Management, LLC: 1,250,170lan Cassel: 1,250,170
IFCM MicroCap Fund LP: 1,250,170

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

Not Applicable

**Item 8. Identification and Classification of Members of the Group**

See Item 2(a) in lieu of an Exhibit.

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

### 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.

**Intelligent Fanatics Capital Management LLC**

**Date:** 08/15/2025

**By:** Ian Cassel

**Name & Title:** Managing Member

**Cassel Ian J.**

**Date:** 08/15/2025

**By:** Ian Cassel

**Name & Title:** Sef

**IFCM MicroCap Fund LP**

**Date:** 08/15/2025

**By:** Ian Cassel

**Name & Title:** Managing Member of the General Partner