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Hot Stocks
Camber Energy receives expected notice from NYSE over 10-Q filing » 16:32
12/01/20
12/01
16:32
12/01/20
16:32
CEI

Camber Energy

$0.87 /

-0.0114 (-1.29%)

Camber Energy, Inc.…

Camber Energy, Inc. announced that it has received an expected notice from the NYSE Regulation staff of the NYSE American LLC as a result of its failure to file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2020 in a timely fashion. The NYSE notice advised the company that it was not in compliance with the NYSE's continued listing requirements under the timely filing criteria established in Section 1007 of the NYSE American Company Guide.

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CEI Camber Energy
$0.87 /

-0.0114 (-1.29%)

Hot Stocks
Camber Energy, Viking Energy report further progress on planned merger » 08:43
09/15/20
09/15
08:43
09/15/20
08:43
CEI

Camber Energy

$0.47 /

-0.0038 (-0.80%)

Camber Energy and Viking…

Camber Energy and Viking Energy Group announce that on September 4, Camber filed with the SEC, an amended Registration Statement on Form S-4, including a preliminary joint proxy statement relating to the planned merger between Viking and Cambe, which addressed SEC comments that Camber had received on the original Form S-4 which was filed on June 4. The companies said in a release, "The companies are now awaiting further comments on the Form S-4 from the SEC, which the parties anticipate being minor, if any are received at all, and/or approval of the SEC to move forward with finalizing the Form S-4 and seeking effectiveness thereof. Once Camber has cleared comments from the SEC on the Form S-4, the parties plan to promptly move forward with setting the record dates for their special meetings to seek stockholder approvals for the merger and other items set forth in the joint proxy statement/prospectus included in the Form S-4. To date, Camber and Viking have each satisfied nearly all of their respective conditions to closing the merger, provided that such merger remains subject to certain remaining conditions to closing, including, effectiveness of the Form S-4, approval of the stockholders of each of Camber of Viking of the merger and certain of the other proposals set forth in the Joint Proxy, and approval of the NYSE American for the continued listing of Camber's common stock following the merger, which the parties anticipate requiring the combined company to re-meet the initial listing standards of the NYSE American."

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CEI Camber Energy
$0.47 /

-0.0038 (-0.80%)

Hot Stocks
Camber Energy, Viking Energy provide update on closing of pending merger » 08:46
08/13/20
08/13
08:46
08/13/20
08:46
CEI

Camber Energy

$0.76 /

-0.0515 (-6.37%)

Camber Energy and Viking…

Camber Energy and Viking Energy provided an update regarding the status of the closing of the pending merger between Camber and Viking. As previously reported, Camber received comments from the SEC on its draft registration statement on Form S-4 which was filed with the SEC in June and the parties are currently working to address those comments and re-file an amended Form S-4. However, due to the filing deadline of each company's quarterly report on Form 10-Q for the quarter ended June 30, which are due on August 14, the parties determined that it was prudent to complete such filings before finalizing and filing an updated Form S-4, which can then be updated with financial information and related disclosures through June 30, to help reduce further delays with the SEC's review and approval of such Form S-4. Camber plans to file its quarterly report for the quarter ended June 30 by the original due date thereof, Friday, August 14. Viking plans to file its quarterly report for the quarter ended June 30 on August 14, but no later than August 19. The parties plan to re-file the Form S-4 with the SEC, with updated financial and other information, by the end of August, with the goal of obtaining effectiveness of such Form S-4 by the end of Q3 and closing the merger in Q4.

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CEI Camber Energy
$0.76 /

-0.0515 (-6.37%)

Hot Stocks
Camber Energy, Viking Energy amend merger agreement » 08:44
06/01/20
06/01
08:44
06/01/20
08:44
CEI

Camber Energy

$1.28 /

+0.03 (+2.40%)

Camber Energy and Viking…

Camber Energy and Viking Energy Group announced that they have entered into an amendment to the definitive Agreement and Plan of Merger signed by the parties on February 3. The companies said in a release, "Details regarding the Merger, along with a copy of the Merger Agreement, were included in Viking's and Camber's Current Reports on Form 8-K filed on February 5, with the Securities and Exchange Commission, and are available under "Investors" at www.vikingenergygroup.com and www.camber.energy. Terms were also summarized in press releases filed by each company on the same date. The amendment (i) modified and clarified the mechanisms pursuant to which Camber's and Viking's post-combination percentage of Camber would be determined; (ii) placed a cap of 5% (up or down) on the adjustment mechanism; (iii) corrected a prior error in the Merger Agreement relating to such calculation; and (iv) included a prohibition on either party raising capital from the other party's existing shareholders without prior written consent. As disclosed previously, the planned merger contemplates Camber issuing newly-issued shares of common stock to the equity holders of Viking in exchange for 100% of the outstanding equity securities of Viking by means of a reverse triangular merger in which a newly formed wholly-owned subsidiary of Camber will merge with and into Viking, with Viking continuing as the surviving corporation and as a wholly-owned subsidiary of Camber after the Merger. If the closing of the Merger occurs (the "Closing"), the Viking equity holders prior to the Merger will own approximately 80% of Camber's issued and outstanding common stock immediately after the Merger, and the Camber equity holders prior to the Merger shall own approximately 20% of Camber's issued and outstanding common stock immediately after the Merger, subject to adjustment mechanisms set out in the Merger Agreement, and in each case on a fully-diluted, as-converted basis as of immediately prior to the Closing (including options, warrants and other rights to acquire equity securities of Viking or Camber), but without taking into account any shares of common stock issuable to the holder of Camber's Series C Preferred Stock upon conversion of the Series C Preferred Stock. Completion of the Merger is subject to a number of closing conditions, as set out in the Merger Agreement. Specifically, the Merger Agreement, as amended, provides that the Camber Percentage is to be adjusted as follows: (i) for each (A) $500,000 in Camber unencumbered cash (without any associated debt) available for use by the combined company after the effective time of the Merger, which comes from equity sold by Camber for cash from February 3, 2020, through the Effective Time, which is not contingent or conditional upon the closing of the Merger, or (B) $500,000 in other unencumbered assets acquired by Camber prior to closing without increasing Camber's liabilities, the Camber Percentage will increase by an incremental 0.5%; and (ii) for each additional $500,000 in Viking unencumbered cash (without any associated debt) for use by the Combined Company after the Effective Time which is not contingent or conditional upon the closing of the Merger, in excess of $500,000, which comes from equity sold by Viking for cash from February 3, 2020 through the Effective Time, the Camber Percentage will decrease by an incremental 0.5%. The aggregate Camber Percentage Increase or Camber Percentage Decrease shall not exceed 5%."

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CEI Camber Energy
$1.28 /

+0.03 (+2.40%)

Hot Stocks
Camber Energy compliance plan accepted by NYSE American » 08:39
05/13/20
05/13
08:39
05/13/20
08:39
CEI

Camber Energy

$1.42 /

-0.1 (-6.58%)

Camber Energy announced…

Camber Energy announced that the NYSE American has accepted the company's plan of compliance for continued listing on the Exchange. As previously reported, on February 24, the company received notice from the Exchange that the Company is not in compliance with the continued listing standard set forth in Section 1003(a)(ii) of the NYSE American Company Guide. In order to maintain its listing on the Exchange, the Exchange had requested that the company submit a plan of compliance by March 25 addressing how the company intended to regain compliance with Section 1003(a)(ii) of the company Guide by August 24, 2021. On May 8, the Exchange notified the company that it had accepted the company's Plan and granted the company an extension until August 24, 2021 to regain compliance with the continued listing standards of the Guide. The company will be subject to periodic review by the Exchange during the Plan Period. Failure to make progress consistent with the Plan or to regain compliance with the continued listing standards of the Guide by the end of the Plan Period could result in the company being delisted from the Exchange. There can be no assurance that the company will be able to achieve compliance with the Exchange's continued listing standards within the required time frame.

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CEI Camber Energy
$1.42 /

-0.1 (-6.58%)

Hot Stocks
Camber Energy, Viking Energy reaffirm commitment to proceed with deal » 09:07
04/02/20
04/02
09:07
04/02/20
09:07
CEI

Camber Energy

$1.07 /

-0.09 (-7.76%)

Camber Energy and Viking…

Camber Energy and Viking Energy Group announced that both companies remain committed to completing Camber's planned acquisition of Viking pursuant to the definitive Agreement and Plan of Merger signed by the parties on February 3. The planned merger contemplates Camber issuing newly-issued shares of common stock to the equity holders of Viking in exchange for 100% of the outstanding equity securities of Viking by means of a reverse triangular merger in which a newly formed wholly-owned subsidiary of Camber will merge with and into Viking, with Viking continuing as the surviving corporation and as a wholly-owned subsidiary of Camber after the Merger.

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