Camber Energy, Inc. Announces Earlier Effective Date for One-for-Fifty Reverse Stock Split

Dec 16, 2022

HOUSTON, TX / ACCESSWIRE / December 16, 2022 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") announced today an anticipated effective date of December 21, 2022 for its previously-announced 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"). Following effectiveness of the Reverse Stock Split, which the Company expects to occur as of open of the market on December 21, 2022, the number of authorized shares of common stock will be reduced from 1,000,000,000 to 20,000,000.

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