Loan & DebtApr 23, 2026, 05:21 PM
Viking Ozone Tech Secures $500K Loan at 10% Interest
AI Summary
Camber Energy's majority-owned subsidiary, Viking Ozone Technology, LLC (VOT), secured a $500,000 promissory note from an accredited investor. The note carries a 10% interest rate and matures by April 15, 2027, or upon the sale of VOT's VKIN-300 waste treatment unit. This financing provides capital for VOT's operations, with the note secured by a priority interest in the unit's sale proceeds. Camber Energy, Inc. is not directly liable for this debt.
Key Highlights
- Viking Ozone Technology secured a $500,000 promissory note.
- The note bears a fixed interest rate of 10% of the principal.
- Matures by April 15, 2027, or upon sale of VKIN-300 unit.
- Potential for up to $750,000 in aggregate principal notes.
- Camber Energy, Inc. is not a party to the note.
Price Impact
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