Deep Down Inc.
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New Financings
Entered into definitive agreements with a number of new and existing institutional investors in…
Received a debt financing from Prospect Capital Corp. to fund its acquisition of Mako Technologies Inc.…
Plans to privately place 3.1 million shares at US$0.96 each to fund working capital and general corporate…
Sold 15 million shares at approximately US$0.07 each.
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News
Koil Energy’s Full Plate
Koil Energy, formerly known as Deep Down, has rebranded as a full subsea systems provider and is providing multi quick connector plates for Beacon Offshore Energy’s Shenandoah project.
Deep Down Receives Subsea Orders Totaling Approximately $2 Million
Deep Down Inc., a specialist in subsea oil and gas production control equipment and services, has received material orders from two customers totaling approximately $2 million on June 9.
Deep Down Receives Kaikias Riser Isolation Valve System Order
The order is for the design, engineering, manufacturing and installation of a riser isolation valve control system on the Ursa tension-leg platform (TLP).