Camber Energy waives investor conversion rights on Series C preferred and notes

CAMBER ENERGY, INC.

Investor Discover Growth Fund waives all rights to receive additional common shares from previously converted Series C preferred.
Discover also waives any right to convert existing promissory notes into Camber common stock.
Camber grants Discover a broad release from claims and agrees to indemnify Discover for certain losses.
Agreement intended to help Camber maintain NYSE American listing and implement its business plans.
No further Series C preferred shares outstanding; Discover retains previously delivered common shares.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.7

CAMBER ENERGY, INC. entered into Agreement with an investor (effective 2022-11-03).

Action: entry
Counterparty: an investor
Effective: 2022-11-03

Exact text from the filing

On November 3, 2022, the Company entered into an agreement (the “ Agreement ”) with an investor (the “ Investor ”) with rights and entitlements associated with shares of Series C redeemable convertible preferred stock of the Company (the “ Series C Preferred Stock ”).

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CAMBER ENERGY, INC. filing history →

Source: SEC EDGAR

accession 0001477932-22-008148

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