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Camber Energy | 8-K: Fifth Amended and Restated Second Amendment to the Designation of Series C Preferred Stock of Camber Energy and Agreements with Named Investors Therein

Camber Energy | 8-K:Camber Energy第五次修订和重述C系列优先股指定第二修正案以及与其中指定投资者签署的协议

美股sec公告 ·  02/21 16:41
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Camber Energy, Inc., a Nevada corporation listed on the NYSE American under the trading symbol CEI, has entered into a material definitive agreement with an investor holding shares of its Series C redeemable convertible preferred stock. The agreement, dated February 15, 2024, includes amendments to the certificate of designations (COD) for the Series C Preferred Stock. These amendments, effective as of February 21, 2024, establish a floor price for conversions, confirm the company's right to early redemption of Series C Preferred Stock subject to full repayment of outstanding promissory notes, and state that no additional conversion shares will be owed once the notes are paid and the preferred stock is redeemed. The investor has also agreed to revert the beneficial ownership limitation from...Show More
Camber Energy, Inc., a Nevada corporation listed on the NYSE American under the trading symbol CEI, has entered into a material definitive agreement with an investor holding shares of its Series C redeemable convertible preferred stock. The agreement, dated February 15, 2024, includes amendments to the certificate of designations (COD) for the Series C Preferred Stock. These amendments, effective as of February 21, 2024, establish a floor price for conversions, confirm the company's right to early redemption of Series C Preferred Stock subject to full repayment of outstanding promissory notes, and state that no additional conversion shares will be owed once the notes are paid and the preferred stock is redeemed. The investor has also agreed to revert the beneficial ownership limitation from 9.99% back to 4.99%. Additionally, Camber Energy has committed to using at least fifty percent of the net proceeds from any future equity or debt offerings to repay outstanding promissory notes to the investor or its affiliates. The full text of the agreement and the amendment to the COD have been filed with the SEC and are incorporated by reference in the company's Form 8-K report.
Camber Energy, Inc. 是一家在纽约证券交易所美国证券交易所上市的内华达州公司,交易代码为CEI,该公司已与持有其C系列可赎回可转换优先股股份的投资者签订了重要的最终协议。该协议日期为2024年2月15日,包括对C系列优先股的指定证书(COD)的修订。这些修正案自2024年2月21日起生效,规定了转换的最低价格,确认了公司提前赎回C系列优先股的权利,但须全额偿还未偿还的期票,并规定一旦支付票据和赎回优先股,将不会再欠任何转换股票。投资者还同意将实益所有权限制从9.99%恢复到4.99%。此外,Camber Energy已承诺将未来任何股票或债券发行净收益的至少50%用于向投资者或其关联公司偿还未偿还的期票。该协议和COD修正案的全文已向美国证券交易委员会提交,并以引用方式纳入该公司的8-K表报告中。
Camber Energy, Inc. 是一家在纽约证券交易所美国证券交易所上市的内华达州公司,交易代码为CEI,该公司已与持有其C系列可赎回可转换优先股股份的投资者签订了重要的最终协议。该协议日期为2024年2月15日,包括对C系列优先股的指定证书(COD)的修订。这些修正案自2024年2月21日起生效,规定了转换的最低价格,确认了公司提前赎回C系列优先股的权利,但须全额偿还未偿还的期票,并规定一旦支付票据和赎回优先股,将不会再欠任何转换股票。投资者还同意将实益所有权限制从9.99%恢复到4.99%。此外,Camber Energy已承诺将未来任何股票或债券发行净收益的至少50%用于向投资者或其关联公司偿还未偿还的期票。该协议和COD修正案的全文已向美国证券交易委员会提交,并以引用方式纳入该公司的8-K表报告中。
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