Camber energy announces nyse american acceptance of continued listing compliance plan

Houston, tx / accesswire / june 21, 2023 / camber energy, inc. (nyse american:cei) ("camber" or the "company") today announced that the nyse american llc (the "exchange") has accepted the company's business plan to regain compliance with the exchange's continued listing standards regarding stockholders' equity, as set forth in sections 1003(a)(i), (ii) and (iii) of the nyse american company guide. the company's plan of compliance (the "plan"), submitted by camber on may 9, 2023 and accepted by the exchange on june 14, 2023, includes, among other things, consummating the previously-disclosed merger with viking energy group, inc. ("viking"), the commercialization of certain of viking's existing intellectual property and licenses, and further reducing the number of outstanding shares of camber's series c redeemable convertible preferred stock.
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