secwatch / observer
8-K filed November 1, 2022, 7:59 PM ET ticker CEIN CIK 0001309082
other material confidence high sentiment neutral materiality 0.70

Camber Energy amends Series C preferred terms, sets $0.20 floor conversion metric through Dec 30, 2022

CAMBER ENERGY, INC.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

CAMBER ENERGY, INC.: Amendment to Certificate of Designations (COD) to change conversion rate calculation for Series C Preferred Stock and waive equity condition adjustments (effective 2022-10-28).

Change
charter amendment
Effective
2022-10-28
Exact text from the filing
which amended the COD such that (i) beginning on the Amendment Date and thereafter, when determining the conversion rate for each share of Series C Preferred Stock based on the trading price of the Company’s common stock
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CAMBER ENERGY, INC. entered into Second Agreement with Second Investor valued at Investor held shares of Series C redeemable convertible preferred stock with certain conversion enti (effective 2022-10-28).

Action
entry
Counterparty
Second Investor
Value
Investor held shares of Series C redeemable convertible preferred stock with certain conversion enti
Effective
2022-10-28
Exact text from the filing
On October 28, 2022, the Company entered into two agreements (collectively, the “ Agreements ”), one agreement (the “ First Agreement ”) with an investor (the “ First Investor ”) that holds shares of the Series C redeemable convertible preferred stock of the Company (the “ Series C Preferred Stock ”) and another agreement (the “ Second Agreement ”) with an investor (the “ Second Investor ”, together with the First Investor, the “ Investors ”) that held shares of the Series C Preferred Stock with certain conversion entitlements.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CAMBER ENERGY, INC. entered into First Agreement with First Investor valued at Investor held shares of Series C redeemable convertible preferred stock with certain conversion enti (effective 2022-10-28).

Action
entry
Counterparty
First Investor
Value
Investor held shares of Series C redeemable convertible preferred stock with certain conversion enti
Effective
2022-10-28
Exact text from the filing
On October 28, 2022, the Company entered into two agreements (collectively, the “ Agreements ”), one agreement (the “ First Agreement ”) with an investor (the “ First Investor ”) that holds shares of the Series C redeemable convertible preferred stock of the Company (the “ Series C Preferred Stock ”) and another agreement (the “ Second Agreement ”) with an investor (the “ Second Investor ”, together with the First Investor, the “ Investors ”) that held shares of the Series C Preferred Stock with certain conversion entitlements.
View on SEC.gov

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CAMBER ENERGY, INC. filing history →

Source: SEC EDGAR
accession 0001477932-22-008052
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