Callan JMB Inc. reported that Mark Meller resigned from its board of directors and committee positions effective August 26, 2026. This departure is linked to an Asset Purchase Agreement dated August 19, 2026, under which Callan Power LLC agreed to acquire oil and gas assets from Reger Oil, Inc. The agreement stipulates that upon closing, holders of the Company’s Series A perpetual convertible preferred stock will nominate a replacement director. Meller stated his resignation was not due to disagreements regarding operations or policies. The company also noted forward-looking statements regarding its intent to regain compliance with Nasdaq's Stockholders' Equity Requirement within 45 days. Callan JMB Inc. operates in the oil and gas sector, focusing on asset acquisition and energy investments.

On August 26, 2026, Callan Power LLC, a subsidiary of Callan JMB Inc., entered into an Asset Purchase and Sale Agreement to acquire a 50% interest in certain oil and gas leases and wells located in North Dakota and Montana from The Pfanenstiel Company. The aggregate purchase price is $12,500,000 in cash, plus a $1,000,000 supplemental escrow deposit to cover drilling and completion costs incurred between execution and closing. Any remaining escrow funds will be remitted to the seller after cost payments or six months post-closing, whichever is earlier. The transaction is expected to close on or before September 30, 2026, subject to customary conditions including due diligence, financing, and regulatory approvals. Callan JMB Inc. operates in the energy sector, specifically focusing on oil and gas exploration and production.

On August 19, 2026, Callan JMB Inc. and its subsidiary Callan Power LLC entered into an Asset Purchase Agreement to acquire oil and gas assets in the Williston Basin from Reger Oil, Inc. The $12 million purchase price consists of $10 million in Series A Perpetual Convertible Preferred Stock (1,000 shares) and $2 million in cash payable by December 31, 2026. Closing is expected by September 22, 2026, subject to stockholder approval under Nasdaq rules. Michael Reger will join the Board and serve as President of the subsidiary, which will be renamed Reger Energy, LLC. Callan JMB Inc. operates in the oil and gas exploration and production industry.

On August 18, 2026, Callan JMB Inc. entered into a First Amended and Restated Purchase Agreement with an investor, increasing the aggregate investment amount from $25 million to $75 million for up to $75 million of common stock sales under an equity line of credit facility. The company retains the right but not the obligation to issue shares in regular or exemption purchases ranging from $500,000 to $2,000 million per notice, priced at a discount to market value subject to a $1.00 floor price and beneficial ownership limitations. Concurrently, the company amended its Registration Rights Agreement to file an initial registration statement within 30 days covering the expanded facility, with penalties of issuing 25,000 shares for filing or effectiveness failures. Callan JMB Inc. operates in the financial services industry, providing pension consulting and investment management solutions.

On June 29, 2026, Callan JMB Inc. received notice from Nasdaq that it failed to satisfy the Minimum Bid Price Requirement, as its common stock closed below $1.00 per share for 30 consecutive business days. The company has until December 28, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 for at least ten consecutive business days. To avoid delisting, the company may consider options including a reverse stock split. Callan JMB Inc. is an emerging growth company that operates in the Nasdaq Capital Market.

Eric Kash resigned from his position as Executive Vice President and a member of the Board of Directors, effective June 5, 2026. The company entered into a Settlement, Waiver and Release Agreement with Mr. Kash, which includes a $125,000 severance package payable in three equal monthly installments of $41,666.67, plus accrued vacation pay. Mr. Kash retains 187,500 vested stock options. Callan JMB Inc. is a Nevada-incorporated company that operates in the technology/financial services sector.