Camber Energy terminates acquisition of New Rise Renewables via mutual consent

CAMBER ENERGY, INC.

Membership Interest Purchase Agreement with RESC Renewables Holdings terminated effective March 13, 2024.
Termination by mutual consent under MIPA Section 9.01(a); no liability except for surviving provisions.
Deal had been disclosed in January 2023 to acquire all membership interests of New Rise Renewables, LLC.
Certain confidentiality obligations survive the termination.

item 1.02 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. terminated MIPA with RESC Renewables Holdings, LLC (effective 2024-03-13).

Action: termination
Agreement: asset purchase
Counterparty: RESC Renewables Holdings, LLC
Effective: 2024-03-13

Exact text from the filing

On March 13, 2024, the Company and the Seller agreed by mutual consent and pursuant to the terms of a termination agreement (the “ Termination Agreement ”) to terminate the MIPA effective March 13, 2024

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Source: SEC EDGAR

accession 0001477932-24-001332

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