Camber Energy announces complete extinguishment of Series C Preferred Stock

Camber Energy (CEIN) announced that all shares of Series C Redeemable Convertible Preferred Stock previously held by Antilles Family Office have been extinguished. On June 24, 2025, the Investor notified Camber that it has fully converted all Series C Preferred Shares and there will be no further notices from the Investor requesting shares of common stock, including requests for so-called “True-Up Shares”. Consequently, Camber has no Series C Preferred Shares outstanding in its capitalization and no obligation to issue Common Stock in connection with prior conversions of Series C Preferred Shares. Additionally, Camber is not a party to any variable rate financing transactions, i.e. where the conversion, exercise or exchange price is subject to being reset at some future date after the initial issuance of the security.