other material
confidence high
sentiment neutral
materiality 0.40
Camber Energy redeems $1.375M June Note, cuts Series G Preferred by 2,636 shares
CAMBER ENERGY, INC.
- Paid $1,375,000 to redeem 2,636 shares of Series G Preferred Stock associated with the June Note.
- Outstanding Series G Preferred shares reduced from 7,908 to 5,272 after redemption.
- Remaining 5,272 shares can only be converted or sold if corresponding Notes are paid in full; company can redeem each for $1,375,000.
- Follows prior March 2022 redemption of the March Note under the same December 2021 stock purchase agreement.