secwatch.observer — SEC 8-K summary
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Issuer:     CAMBER ENERGY, INC. (CEIN)
CIK:        0001309082
Form:       8-K
Filed at:   2026-10-02T21:00:41+00:00
Accession:  0001477932-26-006028
Event type: debt
Sentiment:  negative
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Viking Global amends $1.2M FK convertible note; subsidiary VPS issues $300K note backed by CEO guaranty
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- Amendment No. 1 to the $1.2M FK Venture convertible note extends maturity from Sept. 30, 2026 to the earlier of April 1, 2027 or a senior-lender default unremedied for 7 days.
- Amendment sets FK Note conversion price at $0.15/share absent a senior default, or $0.02/share upon a Senior P. Note Default; both subject to proportional adjustment for stock splits.
- VPS issued a $300,000 promissory note to Raymond and Victoria Menna; no stated rate but fixed $30,000 interest payable at maturity; matures earlier of Dec. 31, 2026 or a VPS financing closing.
- CEO James A. Doris gave an absolute personal guaranty of VPS's obligations; defaults include nonpayment of principal uncured for 5 business days and bankruptcy, with holder acceleration rights.
- VPS may prepay the note at any time; Viking Global is not a party to the VPS Note, which has no conversion rights or warrants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1309082/000147793226006028/0001477932-26-006028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1309082/000147793226006028/cei_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-26-006028

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