8-K: Camber Energy Clears Capital Structure with Full Conversion of Series C Preferred Shares

Camber Energy, Inc. announced the full conversion of all Series C Redeemable Convertible Preferred Stock by Antilles Family Office, LLC, marking the first time in approximately nine years the company has no Series C Preferred Shares outstanding.

Summary

• Camber Energy, Inc. (the Company) entered into a Stock Purchase Agreement (SPA) with Antilles Family Office, LLC (the Investor) on or about July 9, 2021, for the issuance of 1,575 shares of Series C Redeemable Convertible Preferred Stock (Series C Preferred Shares).
• On June 24, 2025, the Investor notified the Company that it had fully converted all Series C Preferred Shares into Common Stock.
• The Investor confirmed receipt of all Common Stock entitled from conversions and stated there would be no further delivery notices, conversion notices, or claims, including for 'True-Up Shares'.
• This event signifies that for the first time in approximately nine years, Camber Energy has no Series C Preferred Shares outstanding in its capitalization and no obligation to issue Common Stock related to prior Series C Preferred Share conversions.

Sentiment

Score: 8

Explanation: The complete conversion of preferred shares and the elimination of associated future obligations significantly cleans up the company's capital structure, reducing uncertainty and potential dilution, which is a strong positive for investors.

Positives

• Elimination of all Series C Redeemable Convertible Preferred Stock from the company's capitalization.
• Removal of any future obligations or claims related to Series C Preferred Share conversions, including 'True-Up Shares'.
• Simplification and clarification of the company's capital structure.

Future Outlook

The company will have no further delivery notices, conversion notices, or claims, including any claims for so-called True-Up Shares, related to the Series C Preferred Shares.

Management Comments

• James A. Doris, Chief Executive Officer, signed the report, indicating the company's official acknowledgment and reporting of the completed conversion.

Industry Context

This announcement primarily concerns Camber Energy's internal capital structure and does not directly reflect broader industry trends. However, a cleaner capital structure can improve investor confidence, which is generally positive in the energy sector.

Stakeholder Impact

• Shareholders: Benefit from a clearer capital structure, reduced risk of future dilution from Series C Preferred Shares, and increased certainty regarding the total outstanding common stock.

Key Dates

Keywords

Camber Energy, Series C Preferred Stock, Convertible Preferred Shares, Antilles Family Office, Stock Conversion, Capital Structure, SEC Filing, 8-K