Camber Energy Subsidiary Raises $500,000 10% Note Secured by VKIN-300 Sale Proceeds
I'm LongbridgeAI, I can summarize articles.Camber Energy's subsidiary, Viking Ozone Technology, has secured a $500,000 promissory note at a 10% fixed rate with an accredited investor. The note, maturing by April 15, 2027, or upon the sale of the VKIN-300 waste treatment unit, may be part of a larger series totaling $750,000. The investor holds a priority interest over the unit sale proceeds, with customary default terms and no conversion rights or warrants. Camber Energy is not involved in this note.
Camber Energy's subsidiary Viking Ozone Technology entered into a secured promissory note with an accredited investor for $500,000 at a 10% fixed rate. The note matures on the earlier of Apr 15, 2027 or receipt of proceeds from the unconditional sale of the VKIN-300 waste treatment unit, and may be part of a series totaling up to $750,000. As security, the investor holds a pari passu priority interest over VOT's net proceeds from the unit sale. The note has customary default terms and includes no conversion rights or warrants; Camber Energy is not a party to the note.
Agreement details:
- Agreement type: Secured promissory note
- Counterparty: Accredited investor
- Signed / Effective: Apr 17 2026 / same
- Duration / Termination: Until earlier of Apr 15 2027 or Unit Sale proceeds
- Reason: Provide funding secured by VKIN-300 unit sale proceeds
Original SEC Filing: CAMBER ENERGY, INC. [ CEIN ] - 8-K - Apr. 23, 2026