New Concept Energy, Inc. reported that its stockholders approved a private placement of up to 2,000,000 shares of common stock to Realty Advisors, Inc. (RAI) at $1.00 per share for an aggregate of $2,000,000 in cash. Upon issuance and subsequent NYSE American listing approval, RAI’s ownership will increase from 7.79% to approximately 33.65%, triggering a deemed change in control under SEC rules. The company also reported the routine re-election of its five directors and ratification of its auditor, Turner Stone & Company LLP. New Concept Energy operates in the oil and gas industry, providing drilling services.

New Concept Energy, Inc. reported a net loss of $66,000 for the quarter ended June 30, 2026, compared to a $18,000 loss in the prior year period. Revenue increased slightly to $41,000 from $40,000, driven by rental income and management fees, while corporate general and administrative expenses rose significantly to $129,000 from $85,000. Interest income declined to $35,000 from $42,000. The company operates in the real estate and oil and gas management services industry.

New Concept Energy, Inc. failed to establish a quorum at its July 24, 2026, Annual Meeting of Stockholders. As of the June 19, 2026 record date, 5,131,934 shares of Common Stock and 559 shares of Series B Preferred Stock were outstanding. Because insufficient proxies were received to conduct business, including the election of directors and a proposed sale of 2,000,000 common shares, the meeting was recessed until August 21, 2026. Management intends to solicit additional proxies to reach the required quorum. The company operates in the energy sector.