---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-000446"
form_type: "8-K"
ticker: "CEIN"
cik: "0001309082"
company_name: "CAMBER ENERGY, INC."
filed_at: "2023-01-23T23:59:59+00:00"
generated_at: "2026-06-20T11:34:19.663738+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Camber Energy agrees to acquire renewable diesel plant for $750M less ~$251M liabilities via convertible note

## Summary
- Net purchase price ~$499M; consideration is a convertible promissory note.
- At least $100M of note due within 30 days of commercial operations and closing.
- Earnout payments tied to available cash from plant operations while note is outstanding.
- Closing conditions include HSR clearance, Phillips 66 ROFR, shareholder approval, and satisfactory diligence.
- If closing fails by May 31, 2023, either party may terminate; failure could materially affect CEI stock.

## SEC filing metadata
- accession: 0001477932-23-000446
- form_type: 8-K
- ticker: CEIN
- cik: 0001309082
- company_name: CAMBER ENERGY, INC.
- filed_at: 2023-01-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1309082/000147793223000446/0001477932-23-000446-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1309082/000147793223000446/cei_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-000446
- JSON: https://secwatch.observer/filing/0001477932-23-000446.json
- Plain text: https://secwatch.observer/filing/0001477932-23-000446.txt

## Key facts
- Material Agreements
  CAMBER ENERGY, INC. entered into Membership Interest Purchase Agreement with RESC Renewables Holdings, LLC valued at $750 million purchase price less approximately $251 million in liabilities, payable via convertible (effective 2023-01-20).
  - Action: entry
  - Counterparty: RESC Renewables Holdings, LLC
  - Value: $750 million purchase price less approximately $251 million in liabilities, payable via convertible
  - Effective: 2023-01-20
  source text: On January 20, 2023, Camber Energy, Inc. (the “ Company ”) entered into a Membership Interest Purchase Agreement (the “ MIPA ”) with RESC Renewables Holdings, LLC (the “ Seller ”) to acquire all of the membership interests (the “ Acquired Interests ”) of New Rise Renewables, LLC (“ New Rise ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1309082/000147793223000446/0001477932-23-000446-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.