UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
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Item 1.01. Entry into a Material Definitive Agreement.
On August 1, 2025, Viking Energy Group, Inc. (“Viking”), a wholly-owned subsidiary of Camber Energy, Inc., entered into a Securities Purchase Agreement (the “Purchase Agreement”) pursuant to which Viking agreed to purchase (the “Purchase”) 51 units (the “Units”), representing 51% of the membership interests of Viking Distribution Solutions, LLC (“Viking Distribution”), from Milo Group, LLC (“Milo”).
Viking Distribution was formed on May 13, 2025, and Milo was issued all 100 units of Viking Distribution in consideration of Milo’s assignment to Viking Distribution (the “Assignment Agreement”) of all of Milo’s intellectual property and intangible assets, including patent rights, know-how, procedures, methodologies, and contract rights in connection with an electric distribution ground fault prevention trip signal engaging system, also referred to as the “broken conductor protection system” or “open conductor detection system”, and related issued patents, pending patents and/or patent application(s) including, without limitation, the following: (i) U.S. Patent No. 11,852,692, titled Electric Distribution Line Ground Fault Prevention Systems Using Dual, High Sensitivity Monitoring With High Sensitivity Relay Devices; (ii) U.S. Application No. 18/936,543 (JED-109C), titled Distribution Line Ground Fault Prevention With Blown Fuse Protection on Single Phase; (iii) U.S. Application No. 18/920,865 (JED-110C), titled Electric Distribution Line Ground Fault Prevention Device Using Dual Parameter High Sensitivity Monitoring Small Current Reduction With Small Increase in Negative Sequence Current; and (iv) PCT INT’L Application No. PCT/US23/83181 (JED-105PCT), titled Electric Distribution Line Ground Fault Prevention Systems Using Dual, High Sensitivity Monitoring With High Sensitivity Relay Devices.
The inventor associated with the aforementioned patents and/or patent applications is Robert Stuart, the same inventor or co-inventor associated with the following previously disclosed patents owned by Viking Protection Systems, LLC (“Viking Protection”), another majority-owned subsidiary of Viking:
Associated Application # | Description |
U.S. No. 17/672,422 | Electric Transmission Line Ground Fault Prevention Methods Using Dual, High Sensitivity Monitoring |
U.S. No. 17/693,504 | Electric Transmission Line Ground Fault Prevention Systems Using Dual, High Sensitivity Monitoring |
U.S. No. 17/821,651 | Electric Transmission Line Ground Fault Prevention systems using dual parameter monitoring with high sensitivity relay devices in parallel with low sensitivity relay devices |
U.S. No. 18/227,670 | Electric Transmission Line Ground Fault Prevention Methods Using Multi-Parameter High Sensitivity Monitoring |
International Application No. PCT/US2024/010627 | Electric Transmission Line Ground Fault Prevention Methods Using Multi-Parameter High Sensitivity Monitoring |
On August 1, 2025, the closing of the Purchase occurred. Viking acquired 51 units (51%) of Viking Distribution from Milo for one hundred dollars, with Milo retaining the remaining 49 units (49%) of Viking Distribution. Contemporaneously with the closing, Viking and Milo then entered into an Operating Agreement as of August 1, 2025 (the “Operating Agreement”) governing the operation of Viking Distribution.
The patents and/or patent applications referenced above relate to the organization’s Broken Conductor Protection Technology, with Viking Distribution’s intellectual property portfolio relating to distribution power lines and Viking Protection’s intellectual property portfolio relating to transmission power lines.
The foregoing descriptions of the Purchase Agreement, Operating Agreement, and Assignment Agreement do not purport to be complete and are qualified in their entirety by reference to the full text of the Purchase Agreement, Operating Agreement, and Assignment Agreement, copies of which are filed as Exhibits 10.1, 10.2 and 10.3 to this Current Report on Form 8-K and incorporated in this Item 1.01 by reference in their entirety.
Item 2.01 Completion of Acquisition or Disposition of Assets.
The information contained in Item 1.01 above is incorporated by reference into this Item 2.01.
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Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. |
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104 |
| Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CAMBER ENERGY, INC. | ||
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Date: August 6, 2025 | By: | /s/ James A. Doris |
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| Name: | James A. Doris | |
| Title: | Chief Executive Officer | |
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