Camber Energy, Inc Stock Price, News & Analysis

Camber Energy, Inc. (NYSE American:CEI) has scheduled its combined annual meeting of stockholders for September 27, 2022, to address the fiscal years 2020 and 2021. This meeting is virtual only, accessible via this link. Stockholders of record by August 12, 2022, can vote and participate. Meeting materials will be distributed around August 17, providing necessary details for participation and voting.

Camber specializes in energy solutions and holds interests in oil and gas assets, as well as proprietary technologies for waste treatment and power transmission.

Camber Energy, Inc. (NYSE American: CEI) announced that its majority-owned subsidiary, Viking Energy Group, received positive news regarding its pending patent application for multi-chamber medical waste treatment systems. The U.S. Patent & Trademark Office indicated that several claims in the application are allowable, suggesting that an issued patent may follow after further response. This technology aims to utilize ozone-based treatments, positioning Viking for growth in the international medical waste treatment sector.

Camber Energy (NYSE American:CEI) announced the redemption of 2,636 shares of its Series G Preferred Stock on June 15, 2022. This move is linked to a promissory note worth $23,750,000, which was due on June 30, 2022. The company aims to avoid dilution in the current economic climate, according to CEO James Doris. Camber plans to ensure future financings are conducted under favorable terms to protect stakeholders' interests. Further details are available in their SEC filing.

Camber Energy has regained compliance with the NYSE American's listing standards as of May 20, 2022, following the submission of previously outstanding financial reports to the SEC. This compliance allows the company to hold an annual meeting to satisfy listing requirements. Camber Energy is a diversified energy firm that provides energy solutions and has interests in oil and natural gas assets across the U.S. Additionally, it holds licenses for proprietary carbon-capture and waste treatment technologies.

Camber Energy, Inc. (NYSE American:CEI) filed multiple reports with the SEC on May 20, 2022, including Current Reports for the quarters ending March 31, June 30, and September 30, 2021, along with the Annual Report for the year ending December 31, 2021.

Notably, the annual report included an audit report with a going concern emphasis of matter, as mandated by NYSE guidelines. This announcement does not alter any previous filings. Camber is a diversified energy company providing solutions in North America and possessing various patented technologies.

Camber Energy, Inc. (NYSE American:CEI) has received a letter from the NYSE American regarding its non-compliance with listing standards due to the Filing Delinquency of several financial reports. The company requested an extension to file these reports, which has been granted until May 20, 2022. If the delinquency is not addressed by this date, delisting proceedings may commence. While a ‘BC’ indicator will be attached to its trading symbol, current business operations remain unaffected.

Camber Energy announced the redemption of 2,636 Series G Preferred Shares on March 10, 2022, linked to a $23.75 million promissory note due March 31, 2022. This move is part of a $100 million financing from an institutional investor made in December 2021. Additionally, the company reported a 59% reduction in its outstanding Series C Preferred Shares since December 1, 2021. CEO James Doris emphasized the redemption provides capital optionality for future financing, aiming for terms favorable to stakeholders.

Camber Energy (NYSE American: CEI) announced on February 15, 2022, that its subsidiary, Viking Energy Group, acquired a 51% interest in entities owning the intellectual property for innovative Electric Transmission and Distribution Open Conductor Detection Systems. This technology detects transmission line failures and can de-energize lines in half a second, enhancing grid reliability and public safety. Developed by industry veterans Robert Stuart and Ronald Smith, the systems promise low implementation costs, leveraging their extensive experience in power generation and grid protection.

Camber Energy, Inc. (CEI) announced that its subsidiary, Viking Energy Group, acquired a 51% stake in entities holding intellectual property for Electric Transmission and Distribution Open Conductor Detection Systems. The acquisition, valued at up to $21 million, includes an initial payment of $5 million in Viking stock. This technology aims to enhance safety by detecting breaks in lines and preventing hazards. Major utilities in high-risk areas have already shown interest in deployment.