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Camber Energy, Inc. Raises $6M Through Sale Of Series C Preferred Stock; Moves Temporary Equity to Permanent Equity

HOUSTON, TX / ACCESSWIRE / June 23, 2020 / Camber Energy, Inc. (NYSE:CEI) ("Camber" or the "Company") today announced that on June 22, 2020, it sold 630 shares of its Series C Redeemable Convertible

Benzinga · -

HOUSTON, TX / ACCESSWIRE / June 23, 2020 / Camber Energy, Inc. (NYSE:CEI) ("Camber" or the "Company") today announced that on June 22, 2020, it sold 630 shares of its Series C Redeemable Convertible Preferred Stock ("Series C Preferred Stock") to an institutional investor in consideration for $6 million (a 5% original issue discount to the $10,000 face value of such preferred stock).