Viking Global Technologies, Inc. has amended a previously issued convertible promissory note and entered into a new short-term loan arrangement for its subsidiary.
On September 30, 2026, the company entered into Amendment No. 1 to a promissory note originally issued to FK Venture LLC on April 7, 2025. The original note, issued when the company was named Camber Energy, Inc., carried a principal amount of $1,200,000 and a 10% annual interest rate, maturing on September 30, 2026. The amendment extends the maturity date to the earlier of April 1, 2027, or the date the company receives a default notice from its existing senior secured lender that is not remedied within seven days. The amendment also adjusts the conversion price for the note to $0.15 per share, subject to proportional adjustments for stock splits, provided no senior lender default occurs.
Separately, on October 1, 2026, Viking Protection Systems, LLC (VPS)—an indirect majority-owned subsidiary of the company—entered into a short-term loan arrangement with two accredited investors. VPS executed a promissory note in the principal amount of $300,000. This note matures on the earlier of December 31, 2026, or the closing of any financing transaction involving VPS as borrower. The note requires a fixed interest payment of $30,000 (10% of the principal) due at maturity. The company’s Chief Executive Officer, James A. Doris, provided an absolute, irrevocable personal guaranty of payment for VPS’s obligations under this note, governed by Texas law.
