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Camber Energy | 8-K: Termination Agreement

SEC announcement ·  Mar 19 17:02
Summary by Moomoo AI
Camber Energy, Inc., a company listed on the NYSE American under the trading symbol CEI, has officially terminated a Material Definitive Agreement with RESC Renewables Holdings, LLC. The agreement in question was a Membership Interest Purchase Agreement (MIPA) for the acquisition of all membership interests of New Rise Renewables, LLC, which was initially reported in a Form 8-K filed on January 23, 2023. The termination of the MIPA was mutually agreed upon by both parties and became effective on March 13, 2024. This termination is subject to certain confidentiality obligations that will continue to persist. The details of the Termination Agreement have been fully disclosed in Exhibit 10.1 attached to the current report.
Camber Energy, Inc., a company listed on the NYSE American under the trading symbol CEI, has officially terminated a Material Definitive Agreement with RESC Renewables Holdings, LLC. The agreement in question was a Membership Interest Purchase Agreement (MIPA) for the acquisition of all membership interests of New Rise Renewables, LLC, which was initially reported in a Form 8-K filed on January 23, 2023. The termination of the MIPA was mutually agreed upon by both parties and became effective on March 13, 2024. This termination is subject to certain confidentiality obligations that will continue to persist. The details of the Termination Agreement have been fully disclosed in Exhibit 10.1 attached to the current report.
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