secwatch.observer — SEC 8-K summary
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Issuer:     CALLAN JMB INC. (CJMB)
CIK:        0002032545
Form:       8-K
Filed at:   2026-08-24T10:15:19+00:00
Accession:  0001493152-26-039761
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Callan JMB to acquire Reger Oil's Williston assets for $12M; Reger to join board
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- Callan Power LLC will acquire Reger Oil's Williston Basin leases, minerals, equipment, and contracts for $10M Series A preferred stock plus $2M cash.
- Closing expected on or before Sept 22, 2026; requires Nasdaq stockholder approval under Rules 5635(a)/(d) and customary title/environmental diligence.
- Michael Reger (Seller principal) to become President of Buyer and a Callan JMB board member; a current director will resign post-closing.
- Cash portion payable by Dec 31, 2026; Buyer will be renamed Reger Energy, LLC within six months of closing.
- Deal is treated as an asset purchase, not a business acquisition; excluded from Regulation S-X business acquisition rules.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2032545/000149315226039761/0001493152-26-039761-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2032545/000149315226039761/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-039761

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