Creek Road Miners amends Series A Preferred terms: conversion price cut, redemption added

Prairie Operating Co.

Holders of ~90% of Series A Preferred and ~88% of voting power approved amended certificate of designation.
Conversion price reduced from $0.25 to $0.175 per share; delivery timeframe extended to 10 trading days.
Dividends may be paid in common stock regardless of exchange listing; overdue late fee lowered from 18% to 10%.
Company gains right to redeem Series A Preferred for cash or common stock on one business day's notice.
Company gets 90-day cure period if insufficient authorized shares to satisfy conversion.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Prairie Operating Co.: Amended and restated the Certificate of Designation of Series A Preferred Stock, modifying dividend, conversion, redemption, and other terms (effective 2022-11-23).

Change: charter amendment
Effective: 2022-11-23

Exact text from the filing

approved by written consent a Certificate of Designation and Restatement of Rights, Preferences and Restrictions of Series A Preferred Stock

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16 governance changes filed in the last 30 days. Browse all governance changes →

Prairie Operating Co. filing history →

Source: SEC EDGAR

accession 0001493152-22-034048

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