Camber Energy Announces Complete Extinguishment of Series C Preferred Stock
Camber Energy (OTCQB:CEIN) has announced the complete extinguishment of all Series C Redeemable Convertible Preferred Stock previously held by Antilles Family Office, LLC. The investor has fully converted all Series C Preferred Shares as of June 24, 2025.
Following this development, Camber confirms it has no Series C Preferred Shares outstanding in its capitalization and no obligation to issue common stock related to prior conversions. The company also states it is not involved in any variable rate financing transactions where conversion, exercise, or exchange prices could be reset in the future.
Camber Energy (OTCQB:CEIN) ha annunciato l'estinzione completa di tutte le azioni privilegiate convertibili rimborsabili di Serie C precedentemente detenute da Antilles Family Office, LLC. L'investitore ha convertito integralmente tutte le azioni privilegiate di Serie C al 24 giugno 2025.
In seguito a questo sviluppo, Camber conferma di non avere azioni privilegiate di Serie C in circolazione nel proprio capitale e nessun obbligo di emettere azioni ordinarie relative a conversioni precedenti. La societ脿 dichiara inoltre di non essere coinvolta in operazioni di finanziamento a tasso variabile in cui i prezzi di conversione, esercizio o scambio potrebbero essere modificati in futuro.
Camber Energy (OTCQB:CEIN) ha anunciado la completa extinci贸n de todas las Acciones Preferentes Convertibles Rescatables Serie C que anteriormente pose铆a Antilles Family Office, LLC. El inversor ha convertido totalmente todas las Acciones Preferentes Serie C a partir del 24 de junio de 2025.
Tras este desarrollo, Camber confirma que no tiene acciones preferentes Serie C en circulaci贸n en su capitalizaci贸n ni obligaci贸n de emitir acciones ordinarias relacionadas con conversiones anteriores. La compa帽铆a tambi茅n declara que no participa en transacciones de financiamiento a tasa variable donde los precios de conversi贸n, ejercicio o intercambio puedan ajustarse en el futuro.
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Camber Energy (OTCQB:CEIN) a annonc茅 l'extinction compl猫te de toutes les actions privil茅gi茅es convertibles remboursables de S茅rie C pr茅c茅demment d茅tenues par Antilles Family Office, LLC. L'investisseur a enti猫rement converti toutes les actions privil茅gi茅es de S茅rie C au 24 juin 2025.
Suite 脿 cet 茅v茅nement, Camber confirme qu'il ne reste aucune action privil茅gi茅e de S茅rie C en circulation dans sa capitalisation et qu'il n'a aucune obligation d'茅mettre des actions ordinaires li茅es 脿 des conversions ant茅rieures. La soci茅t茅 pr茅cise 茅galement qu'elle n'est pas engag茅e dans des op茅rations de financement 脿 taux variable o霉 les prix de conversion, d'exercice ou d'茅change pourraient 锚tre r茅ajust茅s 脿 l'avenir.
Camber Energy (OTCQB:CEIN) hat die vollst盲ndige Tilgung aller zuvor von Antilles Family Office, LLC gehaltenen Series C r眉ckzahlbaren wandelbaren Vorzugsaktien bekanntgegeben. Der Investor hat alle Series C Vorzugsaktien zum 24. Juni 2025 vollst盲ndig umgewandelt.
Nach dieser Entwicklung best盲tigt Camber, dass keine Series C Vorzugsaktien mehr ausstehen und keine Verpflichtung zur Ausgabe von Stammaktien im Zusammenhang mit fr眉heren Umwandlungen besteht. Das Unternehmen erkl盲rt zudem, dass es an keinen variabel verzinsten Finanzierungen beteiligt ist, bei denen Umwandlungs-, Aus眉bungs- oder Umtauschpreise zuk眉nftig neu festgelegt werden k枚nnten.
- Complete elimination of Series C Preferred Stock obligations
- No remaining variable rate financing transactions on the books
- Simplified capital structure with removal of convertible securities
- Potential dilution from the full conversion of Series C Preferred Shares into common stock
Includes Extinguishment of All Associated Common Share Entitlements
HOUSTON,TX / / June 30, 2025 / Camber Energy, Inc. (OTCQB:CEIN) ("Camber" or the "Company"), a leader in power solutions and innovative technologies, is pleased to announce that all shares of Series C Redeemable Convertible Preferred Stock ("Series C Preferred Shares") previously held by Antilles Family Office, LLC (the "Investor") have been extinguished.
On June 24, 2025, the Investor notified Camber that it has fully converted all Series C Preferred Shares and there will be no further notices from the Investor requesting shares of common stock, including requests for so-called "True-Up Shares".
Consequently, Camber has no Series C Preferred Shares outstanding in its capitalization and no obligation to issue Common Stock in connection with prior conversions of Series C Preferred Shares.
Additionally, Camber is not a party to any variable rate financing transactions, i.e. where the conversion, exercise or exchange price is subject to being reset at some future date after the initial issuance of the security.
About Camber Energy, Inc.
Camber Energy, Inc. is a leader in power solutions and innovative technologies. Through subsidiaries, Camber provides custom energy & power solutions to commercial and industrial clients in North America and has a majority interest in: (i) an entity with intellectual property rights to a patented, proprietary Medical & Bio-Hazard Waste Treatment system using Ozone Technology; and (ii) entities with the intellectual property rights to patented and patent pending, proprietary Electric Transmission and Distribution Broken Conductor Protection Systems. Camber also holds, through a subsidiary, an exclusive license in Canada to a patented clean energy & carbon-capture system.
For more information, please visit the company's website at .
Forward-Looking Statements
This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Any statements that are not historical facts contained in this press release are "forward-looking statements", which statements may be identified by words such as "expects," "plans," "projects," "will," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of global economic conditions or economic conditions with respect to the oil and gas industry, the COVID-19 pandemic, the performance of management, actions of government regulators, vendors, and suppliers, our cash flows and ability to obtain financing, competition, general economic conditions and other factors that are detailed in Camber's filings with the Securities and Exchange Commission. We intend that all forward-looking statements be subject to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995.
Camber cautions that the foregoing list of important factors is not complete, any forward-looking statement speaks only as of the date on which such statement is made, and Camber does not undertake to update any forward-looking statements that it may make, whether as a result of new information, future events or otherwise, except as required by applicable law. All subsequent written and oral forward-looking statements attributable to Camber or any person acting its behalf are expressly qualified in their entirety by the cautionary statements referenced above.
Contact Information
Investors and Media:
Tel. 281.404.4387
SOURCE: Camber Energy, Inc.
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FAQ
What did Camber Energy (CEIN) announce regarding its Series C Preferred Stock?
When did Antilles Family Office complete the conversion of Camber Energy's Series C Preferred Shares?
Does Camber Energy (CEIN) have any remaining Series C Preferred Shares outstanding?
Does Camber Energy have any variable rate financing transactions remaining?
