Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
Camber Energy, Inc. (the "Company") is not in compliance with NYSE American
LLC's (the "Exchange") continued listing standards as set forth in Section 1007
of the NYSE American Company Guide (the "Company Guide") given the Company
failed to timely file (the "Filing Delinquency") the following reports
(collectively, the "Delayed Reports"): (i) Form 10-K for the 9-month transition
period ended December 31, 2020; (ii) Form 10-Q for the period ended March 31,
2021; (iii) Form 10-Q for the period ended June 30, 2021; and (iv) Form 10-Q for
the period ended September 30, 2021. The Filing Delinquency will be cured via
the filing of the Delayed Reports.
The Company intended to remedy the Filing Delinquency on or before January 14
2022, however due to certain circumstances requested the Exchange grant the
Company an extension of time by which to file the Delayed Reports. The Exchange
accepted the Company's request and has allowed the Company until February 15,
2022 to file the Delayed Reports.
If the Company is unable to cure the delinquency by February 15, 2022, the
Company mayrequest anadditional extensionup to the maximum cure period of May
20, 2022. NYSE Regulationstaff will review the Company periodically for
compliance with adherence to the milestones in the plan. In addition, if the
Company does not make progress consistent with the plan during the plan period
or if the Company does not complete its Delayed Filings and any subsequently
delayed filings with the SEC by the end of the maximum 12-month cure period on
May 20, 2022, Exchange staff will initiate delisting proceedings as appropriate.
The Company may appeal a staff delisting determination in accordance with
Section 1010 and Part 12 of the Company Guide.
The Company is committed to filing the Delayed Reports to achieve compliance
with the Exchange's requirements, and, although there are no guarantees it will
do so, the Company expects to file the Delayed Reports on or before February 15,
2022.
Item 8.01. Other Events.
On January 14, 2022, in accordance with the Exchange's procedures, the Company
issued a press release discussing the matters disclosed in Item 3.01 above. A
copy of the press release is included herewith as Exhibit 99.1, which is
incorporated by reference into this Item 8.01.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number Description of Exhibit
99.1 Press Release dated January 14, 2022
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