Camber Energy completes 1-for-50 reverse stock split to maintain NYSE American listing

CAMBER ENERGY, INC.

Reverse stock split effective Dec 21, 2022; pre-split outstanding ~887.7M shares reduced to ~17.75M.
Authorized common shares reduced from 1B to 20M in proportion; no change to preferred stock.
Split implemented unilaterally by Board under Nevada law without shareholder approval.
Purpose: to restore compliance with NYSE American minimum price listing standard and avoid automatic delisting.
No fractional shares; fractional interests rounded up to nearest whole share.

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.: Implemented a 1-for-50 reverse stock split by filing a Certificate of Change to amend the articles of incorporation, reducing authorized and outstanding shares proportionally (effective 2022-12-21).

Change: charter amendment
Effective: 2022-12-21

Exact text from the filing

The Reverse Stock Split was effected by the Company filing a Certificate of Change (the “ Certificate ”) pursuant to Nevada Revised Statutes (“ NRS ”) Section 78.209 with the Secretary of State of the State of Nevada on December 16, 2022. The Certificate was not effective until the Effective Date.

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CAMBER ENERGY, INC. filing history →

Source: SEC EDGAR

accession 0001477932-22-009459

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