regulatory
confidence high
sentiment negative
materiality 0.60
CAMBER ENERGY, INC. (CEIN): Nasdaq/NYSE listing notice — NYSE American accepts Camber Energy's plan to regain listing compliance; deadline Apr 2024
CAMBER ENERGY, INC.
- Stockholders' deficit of $(17.1)M as of Dec 31, 2022 triggered non-compliance with Sections 1003(a)(i-iii).
- Plan includes closing Viking Energy merger, commercializing Viking's IP and reducing preferred shares.
- Extension granted until April 12, 2024; stock continues trading under CEI with .BC designation.
- NYSE American to review compliance quarterly; no immediate impact on listing or business operations.
- Company must meet equity standards: $2M-$6M depending on loss years; plan accepted June 14, 2023.