other material
confidence high
sentiment neutral
materiality 0.65
Camber Energy announces 1-for-50 reverse stock split effective Dec 30, 2022
CAMBER ENERGY, INC.
- Board approved 1-for-50 reverse split of common stock; authorized shares reduced from 1B to 20M.
- Outstanding shares will drop from ~814.4M to ~16.3M; fractional shares rounded up.
- Split intended to meet NYSE American low-price listing requirements and avoid delisting.
- Effective before open Dec 30, 2022; trading symbol CEI unchanged, new CUSIP.