CSI Compressco LP announced a private placement of 42,000,000 units at $1.35 per unit for gross proceeds of $56,700,000 on November 10, 2021. The transaction included participation from new 3rd party institutional investors, management and existing investors including Spartan Energy Partners, LP which invested $4,000,000 for 2,962,963 common units. The securities are subject to a 90 day lock up.

The company received $52,717,783 pursuant to exemption provided under Regulation D from 49 investors including 2 non-accredited investors.