New Concept Energy Files 8-K — Shareholders Approve 2M-Share Sale to Investor

What Happened
New Concept Energy, Inc. (GBR) filed an 8‑K reporting that at its recessed Annual Meeting on August 21, 2026, stockholders approved a proposed issuance of up to 2,000,000 shares of common stock to Realty Advisors, Inc. (RAI) under a Subscription Agreement dated April 13, 2026. RAI agreed to acquire the shares for at least $1.00 per share in cash (aggregate $2,000,000). The company will submit an additional listing application to the NYSE American to list the 2,000,000 additional shares; issuance is contingent on NYSE American approval. The filing also notes that RAI may be deemed a “Related Party” for accounting purposes upon consummation of the transaction.

Key Details

• Record date: June 19, 2026. Recessed Annual Meeting date: August 21, 2026; proxies representing 2,673,873 shares were present, establishing a quorum.
• Subscription Agreement: dated April 13, 2026 — RAI agreed to acquire 2,000,000 shares at a price of at least $1.00 per share (aggregate $2,000,000). Issuance relied on the Section 4(2) exemption from registration.
• Vote results: Director nominees (Gene S. Bertcher, Richard W. Humphrey, Dan Locklear, Cecelia Maynard, Robert C. Canham II) were elected. Example tallies: Gene Bertcher — 1,937,298 FOR, 63,348 WITHHELD.
• Other votes: Ratification of Turner Stone & Company LLP as auditor — 2,591,191 FOR, 82,659 AGAINST, 23 ABSTAINED. Approval to issue 2,000,000 new shares to RAI — 1,872,051 FOR, 128,492 AGAINST, 120 ABSTAINED.
• Corporate officer update: At the Board meeting the same day, Gene S. Bertcher was re‑elected Chairman of the Board, President, CEO and CFO.

Why It Matters
This filing documents a material capital-raising transaction: shareholder approval clears the way for New Concept Energy to receive $2.0 million in cash from RAI in exchange for 2,000,000 common shares, subject to NYSE American listing approval. For investors, the issuance will dilute existing common shareholders if completed and may change ownership/related‑party status (the filing notes potential related‑party treatment). The ratified auditor and reappointment of the current executive (Gene Bertcher) confirm continuity in leadership and financial oversight. Investors should watch for the NYSE American’s decision on the additional listing and any future filings disclosing completion, updated outstanding share counts, and related‑party disclosures.