secwatch.observer — SEC 8-K summary
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Issuer:     CAMBER ENERGY, INC. (CEIN)
CIK:        0001309082
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001477932-24-000848
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Camber Energy amends Series C preferred terms; sets $0.15 floor price, requires 50% of proceeds to repay notes
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- 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- Investor rescinded beneficial ownership limitation increase from 9.99% back to 4.99%, effective Feb. 22, 2024.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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1309082/000147793224000848/0001477932-24-000848-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1309082/000147793224000848/cei_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-000848

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