secwatch.observer — SEC 8-K summary
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Issuer:     Prairie Operating Co. (PROP)
CIK:        0001162896
Form:       8-K
Filed at:   2022-11-30T23:59:59+00:00
Accession:  0001493152-22-034048
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1162896/000149315222034048/0001493152-22-034048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1162896/000149315222034048/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-034048

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