CAMBER ENERGY, INC. (CEIN): M&A transaction — Camber Energy completes reverse merger with Viking; pro forma shows $14.5M revenue, $2.8M net loss for H1 2023

CAMBER ENERGY, INC.

Pro forma combined revenue $14.5M, net loss $2.8M for six months ended June 30, 2023.
Goodwill of $41.1M recorded; total assets $90M, total liabilities $75.9M.
Viking deemed accounting acquirer; Camber shareholders own 34.6% of combined entity.
Notes indicate possible impairment indicators and going concern uncertainty for Camber.

item 9.01 item 2.01

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

resent the historical financial information of Camber Energy, Inc., a Nevada corporation (“Camber”) giving effect to the merger (the “Merger”) of Viking Merger Sub, Inc., a Nevada corporation and wholly owned subsidiary of Camber (“Merger Sub”), 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 0001477932-23-006684

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