---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-015356"
form_type: "8-K"
ticker: "PROP"
cik: "0001162896"
company_name: "Prairie Operating Co."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T20:36:34.928418+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Creek Road Miners amends merger with Prairie, raises $17.3M PIPE for oil & gas assets

## Summary
- Amended merger removes reverse stock split requirement; termination deadline extended to Sept 30, 2023.
- Exok asset purchase: $3M for ~3,157 net acres; option for additional 20,327 acres at $22.182M ($18M cash + $4.182M equity).
- PIPE of $17.3M raised through Series D preferred stock convertible at $0.175/share, with warrants at $0.21/share.
- Support agreements convert Series B/C preferred, debentures, and note into common and Series D preferred; 120-day lock-up.
- Post-merger company renamed Prairie Operating Co.; expects OTCQB trading under 'PROP' and reverse stock split.

## SEC filing metadata
- accession: 0001493152-23-015356
- form_type: 8-K
- ticker: PROP
- cik: 0001162896
- company_name: Prairie Operating Co.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1162896/000149315223015356/0001493152-23-015356-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1162896/000149315223015356/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-015356
- JSON: https://secwatch.observer/filing/0001493152-23-015356.json
- Plain text: https://secwatch.observer/filing/0001493152-23-015356.txt

## Key facts
- Material Agreements
  Prairie Operating Co. amended Amended and Restated Agreement and Plan of Merger with Creek Road Merger Sub, LLC and Prairie Operating Co., LLC (effective 2023-05-03).
  - Action: amendment
  - Agreement: merger
  - Counterparty: Creek Road Merger Sub, LLC and Prairie Operating Co., LLC
  - Effective: 2023-05-03
  source text: On May 3, 2023, the Company, Merger Sub and Prairie entered into an Amended and Restated Agreement and Plan of Merger (the “ AR Merger Agreement ,”
  evidence_url: https://www.sec.gov/Archives/edgar/data/1162896/000149315223015356/0001493152-23-015356-index.htm
- Material Agreements
  Prairie Operating Co. amended Amended and Restated Purchase and Sale Agreement with Exok, Inc. and Prairie Operating Co., LLC valued at total amount of $3,000,000 (effective 2023-05-03).
  - Action: amendment
  - Agreement: asset purchase
  - Counterparty: Exok, Inc. and Prairie Operating Co., LLC
  - Value: total amount of $3,000,000
  - Effective: 2023-05-03
  source text: On May 3, 2023, Prairie, Exok and the Company entered into an Amended and Restated Purchase and Sale Agreement (the “ AR Exok Agreement ”) to, among other things:
  evidence_url: https://www.sec.gov/Archives/edgar/data/1162896/000149315223015356/0001493152-23-015356-index.htm
- Material Agreements
  Prairie Operating Co. entered into Securities Purchase Agreements with the PIPE Investors valued at aggregate of $17.3 million (effective 2023-05-03).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: the PIPE Investors
  - Value: aggregate of $17.3 million
  - Effective: 2023-05-03
  source text: on May 3 , 2023 , the Company entered into separate securities purchase agreements (collectively, the “ Securities Purchase Agreements ”) with a number of investors (the “ PIPE Investors ”), pursuant to which the PIPE Investors have agreed to purchase, and the Company agreed to sell to the PIPE Investors, an aggregate of $17.3 million of Series D preferred stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/1162896/000149315223015356/0001493152-23-015356-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.