Callan JMB shareholders OK potential issuance of 4,761,905 shares via Series A preferred conversion for Reger Oil deal

• Majority stockholders acted by written consent on Aug. 8, 2026, authorizing two corporate actions without a meeting.
• Cleared Nasdaq 20% issuance limits for a planned asset acquisition tied to issuing 1,000 shares of Series A Perpetual Convertible Preferred Stock.
• Set the Series A fixed conversion price at USD 2.10 per common share, enabling up to 4,761,905 common shares on conversion.
• Amended the 2024 equity incentive plan to a 15% of outstanding share pool, adding a board-set annual evergreen increase starting 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: 0001493152-26-045387), on October 02, 2026, and is solely responsible for the information contained therein.