8-K
filed April 27, 2023, 7:59 PM ET
ticker CEIN
CIK 0001309082
other material
confidence high
sentiment neutral
materiality 0.60
Camber Energy shareholders approve 25x increase in authorized common shares to 500M
CAMBER ENERGY, INC.
- Special meeting on April 26, 2023: 17,365,737 shares voted (78% quorum).
- Proposal to amend articles to increase authorized common stock from 20M to 500M passed with 15,028,239 votes (86.5% of voted).
- Certificate of Amendment filed with Nevada Secretary of State on April 26, 2023.
- Also approved board discretion to adjourn meeting if needed (16,128,213 votes for).
- Massive authorized share increase signals potential future equity financing or acquisition currency.
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.: Amendment to Articles of Incorporation to increase authorized shares of Common Stock from 20,000,000 to 500,000,000 (effective 2023-04-26).
- Change
- charter amendment
- Effective
- 2023-04-26
Exact text from the filing
the amendment to the Company’s articles of incorporation (the “ Articles of Incorporation ”) to increase the number of the Company’s authorized shares of common stock from 20,000,000 to 500,000,000 (the “ Amendment ”) was passed by a majority of the outstanding voting shares. The Amendment was effected by the Company filing a Certificate of Amendment (the “ Certificate ”) pursuant to Nevada Revised Statutes (“ NRS ”) Section 78.209 with the Secretary of State of the State of Nevada on April 26, 2023.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
CAMBER ENERGY, INC. shareholders approved Authorization for the Company's board of directors, in its discretion, to adjourn the Special Meeting to another place, or a later date or dates, if necessary or appropriate, to solicit additional proxies in favor of the proposals listed above at the time of the special meeting at the 2023-04-26 meeting.
- Outcome
- passed
- Meeting
- 2023-04-26
Exact text from the filing
Proposal 2 For Against Abstain* Authorization for the Company’s board of directors, in its discretion, to adjourn the Special Meeting to another place, or a later date or dates, if necessary or appropriate, to solicit additional proxies in favor of the proposals listed above at the time of the special meeting. 16,128,213 1,134,041 103,483 * There were no Broker Non-Votes on this proposal.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
CAMBER ENERGY, INC. shareholders approved Approval of an amendment to the Company's Articles of Incorporation to increase the number of the Company's authorized shares of Common Stock from 20,000,000 to 500,000,000 at the 2023-04-26 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-04-26
Exact text from the filing
Proposal 1 For Withhold Abstain* Approval of an amendment to the Company’s Articles of Incorporation to increase the number of the Company’s authorized shares of Common Stock from 20,000,000 to 500,000,000 15,028,239 2,313,867 23,631
View on SEC.gov
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