Camber Energy cancels all outstanding warrants with two investors to support NYSE listing and business plans

CAMBER ENERGY, INC.

Terminated all warrants issued under December 2021 warrant agreements with Antilles Family Office, LLC and another unnamed investor.
Investors waived all rights to receive warrant shares; receive a general release and indemnity from Camber in exchange.
Camber may now early redeem Series C Convertible Preferred Stock once all promissory notes to the investors are paid in full.
Investors retain previously delivered common shares; no further dilution from these warrants will occur.
Termination intended to facilitate implementation of Camber's business plans and continued trading on NYSE American.

item 1.01 item 1.02 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 0.9

CAMBER ENERGY, INC. terminated Warrant Termination Agreements (effective 2023-04-25).

Action: termination
Effective: 2023-04-25

Exact text from the filing

On April 25, 2023, Camber Energy, Inc. (the “Company”) entered into two warrant termination agreements (the “Warrant Termination Agreements”) with the investor named in each Warrant Termination Agreement, respectively (each, an “Investor” and collectively, the “Investors”), pursuant to which each Investor agreed to cancel and terminate, effective as of April 25, 2023 (the “Termination”) all warrants to purchase Camber’s common stock outstanding under (i) that certain Warrant Agreement, dated as of December 30, 2021, by and between the Company and the Investor named therein, and (ii) that certain Warrant Agreement, dated as of December 31, 2021, by and between the Company and the Investor named therein.

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CAMBER ENERGY, INC. filing history →

Source: SEC EDGAR

accession 0001477932-23-002883

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