Camber Energy amends Series C preferred terms; sets $0.15 floor price, requires 50% of proceeds to repay notes

CAMBER ENERGY, INC.

Agreement with Antilles Family Office sets conversion floor price to the higher of VWAP and $0.15 per share.
Company must pay at least 50% of net proceeds from any equity/debt offering toward outstanding notes held by investor/affiliates.
Investor rescinded beneficial ownership limitation increase from 9.99% back to 4.99%, effective Feb. 22, 2024.
Early redemption of Series C preferred allowed if all outstanding notes are paid in full; no additional conversion shares thereafter.
Company grants general release and indemnification to investor, acknowledging investor's compliance and non-dealer status.

item 1.01 item 3.03 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. entered into Agreement with the Investor (effective 2024-02-15).

Action: entry
Counterparty: the Investor
Effective: 2024-02-15

Exact text from the filing

On February 15, 2024, the Company entered into an agreement (the “ Agreement ”) with an investor (the “ Investor ”) that holds shares of the Series C redeemable convertible preferred stock of the Company (the “ Series C Preferred Stock ”) with certain conversion entitlements.

View on SEC.gov

556 material agreements filed in the last 30 days. Browse all material agreements →

CAMBER ENERGY, INC. filing history →

Source: SEC EDGAR

accession 0001477932-24-000848

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.