secwatch.observer — SEC 8-K summary
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Issuer:     CAMBER ENERGY, INC. (CEIN)
CIK:        0001309082
Form:       8-K
Filed at:   2025-04-08T23:59:59+00:00
Accession:  0001477932-25-002524
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Camber Energy issues $1.2M convertible note to restructure Viking subsidiary debt
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- Issued $1.2M unsecured convertible promissory note to FK Venture LLC, replacing existing Viking Energy debt.
- Note bears 10% annual interest, matures September 30, 2026; default rate 18%.
- Conversion price fixed at $0.15 per share; up to 8M shares (approx. 3% of outstanding) issuable.
- Prepayment allowed but requires minimum 12 months' interest if within first year.
- Note issued in reliance on Section 4(a)(2) and Regulation D accredited investor exemption.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1309082/000147793225002524/0001477932-25-002524-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1309082/000147793225002524/cei_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-25-002524

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