---
title: "Camber Energy Finalizes T&T Amalgamation; Viking Secures Preferred Stake With C$5.75M–C$7.75M Terms"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288773965.md"
description: "Camber Energy completed the amalgamation of Viking subsidiary Simson-Maxwell with T&T Power Group on June 1, 2026. Viking received 5.75 million Class A Preference Shares with redemption terms of C$5.75M by March 2028 and C$7.75M thereafter, plus 8% cumulative dividends. Tyler Van Dyke retains all voting common shares. Additionally, Camber signed a postponement agreement with TD Bank to subordinate Viking's claims, supporting lender priority for the combined entity."
datetime: "2026-06-04T21:03:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288773965.md)
  - [en](https://longbridge.com/en/news/288773965.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288773965.md)
generator: "portal-rs"
---

# Camber Energy Finalizes T&T Amalgamation; Viking Secures Preferred Stake With C$5.75M–C$7.75M Terms

Camber Energy detailed a Canadian restructuring in which Simson-Maxwell, a Viking Energy subsidiary, amalgamated with T&T Power Group on Jun 01 2026 to form T&T Power Group Inc. The deal leaves Tyler Van Dyke holding all voting common shares, while Viking receives 5,750,000 Class A Preference Shares tied to defined redemption and dividend rights. A companion Unanimous Shareholders Agreement sets redemption at C$5.75 million through Mar 31 2028 and C$7.75 million thereafter, plus conditional 8% cumulative dividends and a C$15,000 monthly payment option. A Postponement Agreement with Toronto-Dominion Bank subordinates Viking’s claims to support lender priority and covenant compliance.

**Agreement 1: Camber Energy Completes T&T–Simson Amalgamation; Viking Receives 5,750,000 Preferred Shares**

-   **Agreement type**: Amalgamation Agreement under the CBCA
-   **Counterparty**: T&T Power Group
-   **Signed / Effective**: Jun 01 2026 / Jun 01 2026
-   **Duration / Termination**: N/A
-   **Reason**: Combine Canadian power solutions businesses under one platform

**Agreement 2: Camber Energy Enters USA Setting C$5.75M–C$7.75M Redemption Terms for Viking Preferred**

-   **Agreement type**: Unanimous Shareholders Agreement governing Viking Preferred Shares
-   **Counterparty**: T&T Power Group and Tyler Van Dyke
-   **Signed / Effective**: Jun 01 2026 / Jun 01 2026
-   **Duration / Termination**: N/A
-   **Reason**: Define governance and economic rights post-amalgamation

**Agreement 3: Camber Energy Signs Postponement Agreement With TD Bank, Subordinating Viking Claims**

-   **Agreement type**: Postponement and subordination agreement
-   **Counterparty**: Toronto-Dominion Bank
-   **Signed / Effective**: Jun 01 2026 / Jun 01 2026
-   **Duration / Termination**: N/A
-   **Reason**: Support lender priority and financing flexibility for the amalgamated business

Original SEC Filing: CAMBER ENERGY, INC. \[ CEIN \] - 8-K - Jun. 04, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**