CAMBER ENERGY, INC. (CEIN): M&A transaction — Camber Energy completes stock-for-stock acquisition of Viking Energy Group

CAMBER ENERGY, INC.

Camber issued ~49.29M shares (59.99% of post-merger common stock) to Viking holders.
Each Viking common share converted into one Camber share; preferred into new Series A or H.
Series A preferred stock convertible into 890 Camber common shares per preferred share.
Series H preferred stock has $10,000 face value, conversion based on Viking Protection milestones.
Q2 10-Q will not consolidate Viking; equity method applied until merger close in Q3.

item 2.01 item 3.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

CAMBER ENERGY, INC. completed an acquisition involving Viking Energy Group, Inc. (closed 2023-08-01).

Action: acquisition
Counterparty: Viking Energy Group, Inc.
Closing: 2023-08-01

Exact text from the filing

On August 1, 2023, Viking Merger Sub, Inc. (“Merger Sub”), a Nevada corporation and wholly owned subsidiary of Camber Energy, Inc., a Nevada corporation (“Camber”), completed the previously-announced merger (“the Merger”) with and into Viking Energy Group, Inc., a Nevada corporation (“Viking”), with Viking surviving the Merger as a wholly-owned subsidiary of Camber.

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Source: SEC EDGAR

accession 0001477932-23-005656

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