Camber energy, inc. announces effectiveness of one-for-fifty reverse stock split

Houston, tx / accesswire / december 21, 2022 / camber energy, inc. (nyse american:cei) ("camber" or the "company") announced today that its 1-for-50 reverse stock split of the company's issued and outstanding shares of common stock, par value $0.001 per share, accompanied by a corresponding decrease in the company's authorized shares of common stock (the "reverse stock split"), which the company previously disclosed was approved by the board of directors on december 14, 2022, became effective as of 12:01 a.m. central standard time today, and will be reflected in the marketplace as of the open of trading.
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