Koil Energy (KLNG) investor IFCM MicroCap discloses 12% passive stake

Rhea-AI Filing Summary

Koil Energy Solutions, Inc. had a large shareholder disclosure showing that IFCM MicroCap Fund LP and related reporting persons beneficially own 1,548,970 shares of its common stock, representing 12% of the outstanding class. The shares are held directly by IFCM MicroCap Fund LP, with Intelligent Fanatics Capital Management LLC as its general partner and Ian Cassel as the sole managing member. The filing is on a passive ownership basis, with the reporting persons certifying that the securities are not held to change or influence control of Koil Energy Solutions.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

Koil Energy Solutions, Inc.

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

24372A305

(CUSIP Number)

01/01/2026

(Date of Event Which Requires Filing of this Statement)

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

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 24372A305

1

Names of Reporting Persons

Intelligent Fanatics Capital Management LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,548,970.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,548,970.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,548,970.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

12.0 %

12

Type of Reporting Person (See Instructions)

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.

SCHEDULE 13G

CUSIP No. 24372A305

1

Names of Reporting Persons

Cassel Ian J.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,548,970.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,548,970.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,548,970.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

12.0 %

12

Type of Reporting Person (See Instructions)

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.

SCHEDULE 13G

CUSIP No. 24372A305

1

Names of Reporting Persons

IFCM MicroCap Fund LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,548,970.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,548,970.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,548,970.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

12.0 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Koil Energy Solutions, Inc.
(b)	Address of issuer's principal executive offices: 1310 RANKIN ROAD, HOUSTON, TEXAS, 77073.
Item 2.
(a)	Name of person filing: Intelligent Fanatics Capital Management, LLC Ian Cassel IFCM MicroCap Fund LP
(b)	Address or principal business office or, if none, residence: 350 Rumford Road Lititz, Pennsylvania 17543
(c)	Citizenship: Intelligent Fanatics Capital Management, LLC - Pennsylvania IFCM MicroCap Fund LP - Delaware Ian Cassel - USA
(d)	Title of class of securities: Common Stock, par value $0.001 per share
(e)	CUSIP No.: 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: 1,548,970 Ian Cassel: 1,548,970 IFCM MicroCap Fund LP: 1,548,970
(b)	Percent of class: Intelligent Fanatics Capital Management, LLC: 12% Ian Cassel: 12% IFCM MicroCap Fund LP: 12%
(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: 1,548,970 Ian Cassel: 1,548,970 IFCM MicroCap Fund LP: 1,548,970
	(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: 1,548,970 Ian Cassel: 1,548,970 IFCM MicroCap Fund LP: 1,548,970
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. See Item 2(a) in lieu of an Exhibit.
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

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

Signature:	IAN CASSEL
Name/Title:	MANAGING MEMBER
Date:	01/09/2026

Cassel Ian J.

Signature:	IAN CASSEL
Name/Title:	SELF
Date:	01/09/2026

IFCM MicroCap Fund LP

Signature:	IAN CASSEL
Name/Title:	MANAGING MEMBER OF THE GENERAL PARTNER
Date:	01/09/2026

Exhibit Information

Exhibit 1- Agreement of Reporting Persons

FAQ

What does the latest Schedule 13G/A filing reveal about Koil Energy Solutions (KLNG)?

The filing shows that IFCM MicroCap Fund LP and related reporting persons beneficially own 1,548,970 shares of Koil Energy Solutions common stock, which is 12% of the outstanding class.

Who are the reporting persons in the Koil Energy Solutions (KLNG) Schedule 13G/A?

The reporting persons are IFCM MicroCap Fund LP, Intelligent Fanatics Capital Management LLC, and Ian Cassel, who is the sole managing member of Intelligent Fanatics Capital Management LLC.

How many Koil Energy Solutions shares does IFCM MicroCap Fund LP report owning?

IFCM MicroCap Fund LP reports beneficial ownership of 1,548,970 common shares of Koil Energy Solutions.

What percentage of Koil Energy Solutions’ common stock is owned by the reporting group?

The reporting group states a beneficial ownership of 12% of Koil Energy Solutions’ common stock.

Is the Koil Energy Solutions (KLNG) stake reported as a passive investment?

Yes. The certification states the securities were not acquired and are not held for the purpose or effect of changing or influencing control of Koil Energy Solutions.

Does Ian Cassel claim full beneficial ownership of the Koil Energy Solutions shares?

The filing states that Mr. Cassel may be deemed to beneficially own the shares through the fund but he disclaims beneficial ownership except for the portion attributable to his interests in the fund.