Callan JMB files draft information statement on Nasdaq 20% issuance approval
Callan JMB shareholders have approved potential issuances exceeding 19.99% of common stock for an oil-and-gas asset acquisition from Reger Oil. The consideration involves 1,000 shares of Series A Perpetual Convertible Preferred Stock, convertible into 4,761,905 common shares at $2.1 per share. Additionally, shareholders authorized …