CAMBER ENERGY, INC. (CEIN): M&A transaction — Camber Energy deconsolidates Simson-Maxwell after ownership drops to 49%; T&T Power becomes majority owner

CAMBER ENERGY, INC.

Viking's ownership in Simson-Maxwell falls from ~60.5% to 49% after T&T subscribes for shares and purchases from other holders.
T&T pays ~CAD 2.28M for new shares and provides up to CAD 3M working capital to Simson.
Camber will deconsolidate Simson effective April 1, 2025 and account for its investment under the equity method.
T&T owns 51% and nominates two board members; Viking nominates one member.
No Camber shares were sold; restructuring reduces Camber's control over Simson.

item 1.01 item 2.01 item 7.01 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 a disposition involving T&T Power Group Inc. (closed 2025-04-01).

Action: disposition
Counterparty: T&T Power Group Inc.
Closing: 2025-04-01

Exact text from the filing

Item 2.01. Completion of Acquisition or Disposition of Assets. The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

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Source: SEC EDGAR

accession 0001477932-25-002309

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