debt
confidence high
sentiment neutral
materiality 0.50
Camber subsidiary VOT issues $500K promissory note at 10% interest to accredited investor
CAMBER ENERGY, INC.
- Principal $500K, 10% interest, matures Apr 2027 or upon sale of VKIN-300 waste treatment unit.
- Security interest granted in net sale proceeds of the VKIN-300 unit, pari passu with same-series noteholders.
- Note is part of a series with aggregate principal up to $750,000.
- Camber Energy is not a party; note has no conversion rights or warrant issuances.
- Proceeds for manufacturing, testing, operating expenses, and working capital.