Here are the DEF 14A proxy statements from New Concept Energy Inc (GBR) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A DEF 14A covers the proxy statement, with executive pay and the shareholder votes, so if you follow GBR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GBR filings page.
New Concept Energy, Inc. is asking stockholders to elect five incumbent directors, ratify Turner Stone & Company LLP as independent auditor, and approve issuing 2,000,000 new common shares to Realty Advisors, Inc. at a price of at least $1.00 per share.
The company has 5,131,934 common shares outstanding as of June 19, 2026, and uses this issuance to help satisfy NYSE American market-capitalization requirements and support continued listing. After the transaction, total shares would rise to 7,131,934 and Realty Advisors, Inc. would own about 33.65% of the common stock, creating a deemed change of control and concentrating voting power.
The company estimates pro forma book value per share would increase modestly, from $0.875 to $0.91 based on the December 31, 2025 balance sheet, with stockholders’ equity rising from $4,477 to $6,477. Net proceeds of about $2,000,000 are expected to fund potential acquisitions and provide additional working capital.