Callan JMB files draft information statement on Nasdaq 20% issuance approval

• Callan JMB shareholders authorized potential issuances above 19.99% of common stock tied to an oil-and-gas asset acquisition from Reger Oil.
• Consideration set as 1,000 shares of Series A Perpetual Convertible Preferred Stock with USD 10 million stated value, convertible at USD 2.1 per share.
• Full conversion implies 4,761,905 common shares, lifting total shares to 10,426,773 based on 5,664,868 outstanding as of July 30, 2026.
• Series A Preferred Stock carries a 9.9% conversion ownership cap, no dividends, senior liquidation preference, no redemption, conversion allowed six months post-issuance.
• Shareholders also authorized changes to the 2024 Equity Incentive Plan, resetting the share pool to 15% of outstanding stock with an evergreen increase from Jan. 1, 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Callan JMB Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-035566), on July 31, 2026, and is solely responsible for the information contained therein.