secwatch / observer
8-K filed May 9, 2023, 7:59 PM ET ticker PROP CIK 0001162896
M&A confidence high sentiment neutral materiality 0.95

Prairie Operating Co. (PROP): M&A transaction — Prairie Operating Co. (f/k/a Creek Road Miners) closes merger, acquires Colorado oil & gas leases, raises $17.3M PIPE

Prairie Operating Co.

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Gary C. Hanna

President
PROP · Prairie Operating Co.
Filed
May 9, 2023, 7:59 PM ET
The Board appointed Gary C. Hanna as President, Edward Kovalik as Chief Executive Officer, Craig Owen as Chief Financial Officer, Jeremy Ham as Chief Commercial Officer and Bryan Freeman as Executive Vice President of Operations
Appointed

Bryan Freeman

Executive Vice President of Operations
PROP · Prairie Operating Co.
Filed
May 9, 2023, 7:59 PM ET
The Board appointed Gary C. Hanna as President, Edward Kovalik as Chief Executive Officer, Craig Owen as Chief Financial Officer, Jeremy Ham as Chief Commercial Officer and Bryan Freeman as Executive Vice President of Operations
Departed (interim)

John D. Maatta

Interim Chief Financial Officer
PROP · Prairie Operating Co.
Successor
Craig Owen
Filed
May 9, 2023, 7:59 PM ET
John D. Maatta resigned as Chief Executive Officer and Interim Chief Financial Officer.
Appointed

Edward Kovalik

Chief Executive Officer
PROP · Prairie Operating Co.
Filed
May 9, 2023, 7:59 PM ET
The Board appointed Gary C. Hanna as President, Edward Kovalik as Chief Executive Officer, Craig Owen as Chief Financial Officer, Jeremy Ham as Chief Commercial Officer and Bryan Freeman as Executive Vice President of Operations
Appointed

Gary C. Hanna

Director
PROP · Prairie Operating Co.
Filed
May 9, 2023, 7:59 PM ET
the Board increased to five members and appointed Gary C. Hanna, Edward Kovalik, Gizman Abbas and Stephen Lee
Departed

John D. Maatta

Chief Executive Officer
PROP · Prairie Operating Co.
Successor
Edward Kovalik
Filed
May 9, 2023, 7:59 PM ET
John D. Maatta resigned as Chief Executive Officer and Interim Chief Financial Officer.
Appointed

Stephen Lee

Director
PROP · Prairie Operating Co.
Filed
May 9, 2023, 7:59 PM ET
the Board increased to five members and appointed Gary C. Hanna, Edward Kovalik, Gizman Abbas and Stephen Lee
Appointed

Craig Owen

Chief Financial Officer
PROP · Prairie Operating Co.
Filed
May 9, 2023, 7:59 PM ET
The Board appointed Gary C. Hanna as President, Edward Kovalik as Chief Executive Officer, Craig Owen as Chief Financial Officer, Jeremy Ham as Chief Commercial Officer and Bryan Freeman as Executive Vice President of Operations
Departed

John D. Maatta

Director
PROP · Prairie Operating Co.
Filed
May 9, 2023, 7:59 PM ET
John D. Maatta and Michael Breen resigned from the Board effective as of the Effective Time.
Appointed

Edward Kovalik

Director
PROP · Prairie Operating Co.
Filed
May 9, 2023, 7:59 PM ET
the Board increased to five members and appointed Gary C. Hanna, Edward Kovalik, Gizman Abbas and Stephen Lee
Appointed

Gizman Abbas

Director
PROP · Prairie Operating Co.
Filed
May 9, 2023, 7:59 PM ET
the Board increased to five members and appointed Gary C. Hanna, Edward Kovalik, Gizman Abbas and Stephen Lee
Departed

Paul Kessler

Executive Chairman
PROP · Prairie Operating Co.
Filed
May 9, 2023, 7:59 PM ET
Paul Kessler resigned as Executive Chairman
Appointed

Jeremy Ham

Chief Commercial Officer
PROP · Prairie Operating Co.
Filed
May 9, 2023, 7:59 PM ET
The Board appointed Gary C. Hanna as President, Edward Kovalik as Chief Executive Officer, Craig Owen as Chief Financial Officer, Jeremy Ham as Chief Commercial Officer and Bryan Freeman as Executive Vice President of Operations
Departed

Michael Breen

Director
PROP · Prairie Operating Co.
Filed
May 9, 2023, 7:59 PM ET
John D. Maatta and Michael Breen resigned from the Board effective as of the Effective Time.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Prairie Operating Co. incurred convertible notes of $1,000,000 at 12%.

Instrument
convertible notes
Principal
$1,000,000
Rate
12%
Event
incurrence
Exact text from the filing
the Company’s 12% senior secured convertible debentures (the " Original Debentures "), plus accrued but unpaid interest and a 30% premium, were exchanged, in the aggregate, for (a) 12% amended and restated senior secured convertible debentures (collectively, the " AR Debentures ") in the principal amount of $1,000,000
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Gary C. Hanna was appointed as President at Prairie Operating Co..

Action
appointed
Role
President
Exact text from the filing
The Board appointed Gary C. Hanna as President, Edward Kovalik as Chief Executive Officer, Craig Owen as Chief Financial Officer, Jeremy Ham as Chief Commercial Officer and Bryan Freeman as Executive Vice President of Operations
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Bryan Freeman was appointed as Executive Vice President of Operations at Prairie Operating Co..

Action
appointed
Role
Executive Vice President of Operations
Exact text from the filing
The Board appointed Gary C. Hanna as President, Edward Kovalik as Chief Executive Officer, Craig Owen as Chief Financial Officer, Jeremy Ham as Chief Commercial Officer and Bryan Freeman as Executive Vice President of Operations
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.9

John D. Maatta resigned as Interim Chief Financial Officer at Prairie Operating Co..

Action
resigned
Role
Interim Chief Financial Officer
Exact text from the filing
John D. Maatta resigned as Chief Executive Officer and Interim Chief Financial Officer.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Edward Kovalik was appointed as Chief Executive Officer at Prairie Operating Co..

Action
appointed
Role
Chief Executive Officer
Exact text from the filing
The Board appointed Gary C. Hanna as President, Edward Kovalik as Chief Executive Officer, Craig Owen as Chief Financial Officer, Jeremy Ham as Chief Commercial Officer and Bryan Freeman as Executive Vice President of Operations
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Gary C. Hanna was appointed as Director at Prairie Operating Co..

Action
appointed
Role
Director
Exact text from the filing
the Board increased to five members and appointed Gary C. Hanna, Edward Kovalik, Gizman Abbas and Stephen Lee
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

John D. Maatta resigned as Chief Executive Officer at Prairie Operating Co..

Action
resigned
Role
Chief Executive Officer
Exact text from the filing
John D. Maatta resigned as Chief Executive Officer and Interim Chief Financial Officer.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Stephen Lee was appointed as Director at Prairie Operating Co..

Action
appointed
Role
Director
Exact text from the filing
the Board increased to five members and appointed Gary C. Hanna, Edward Kovalik, Gizman Abbas and Stephen Lee
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Craig Owen was appointed as Chief Financial Officer at Prairie Operating Co..

Action
appointed
Role
Chief Financial Officer
Exact text from the filing
The Board appointed Gary C. Hanna as President, Edward Kovalik as Chief Executive Officer, Craig Owen as Chief Financial Officer, Jeremy Ham as Chief Commercial Officer and Bryan Freeman as Executive Vice President of Operations
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

John D. Maatta resigned as Director at Prairie Operating Co..

Action
resigned
Role
Director
Exact text from the filing
John D. Maatta and Michael Breen resigned from the Board effective as of the Effective Time.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Edward Kovalik was appointed as Director at Prairie Operating Co..

Action
appointed
Role
Director
Exact text from the filing
the Board increased to five members and appointed Gary C. Hanna, Edward Kovalik, Gizman Abbas and Stephen Lee
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Gizman Abbas was appointed as Director at Prairie Operating Co..

Action
appointed
Role
Director
Exact text from the filing
the Board increased to five members and appointed Gary C. Hanna, Edward Kovalik, Gizman Abbas and Stephen Lee
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Paul Kessler resigned as Executive Chairman at Prairie Operating Co..

Action
resigned
Role
Executive Chairman
Exact text from the filing
Paul Kessler resigned as Executive Chairman
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Jeremy Ham was appointed as Chief Commercial Officer at Prairie Operating Co..

Action
appointed
Role
Chief Commercial Officer
Exact text from the filing
The Board appointed Gary C. Hanna as President, Edward Kovalik as Chief Executive Officer, Craig Owen as Chief Financial Officer, Jeremy Ham as Chief Commercial Officer and Bryan Freeman as Executive Vice President of Operations
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Breen resigned as Director at Prairie Operating Co..

Action
resigned
Role
Director
Exact text from the filing
John D. Maatta and Michael Breen resigned from the Board effective as of the Effective Time.
View on SEC.gov
Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Prairie Operating Co.: Adopted Amended and Restated Bylaws.

Change
bylaw amendment
Exact text from the filing
In connection with the Closing, the Company adopted the Amended and Restated Bylaws (the “ Bylaws ”).
View on SEC.gov
Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Prairie Operating Co.: Amended certificate of incorporation to change company name, increase authorized shares, and make other changes.

Change
charter amendment
Exact text from the filing
Immediately prior to the Effective Time, the Company filed the Certificate of Amendment to the Amended and Restated Certificate of Incorporation of the Company (the “ Charter Amendment ”) to, among other things, (i) change the name of the Company from “Creek Road Miners, Inc.” to “Prairie Operating Co.,” (ii) increase the number of authorized shares of Common Stock from 100,000,000 shares to 500,000,000 shares and (iii) make certain changes that the Board deems appropriate for the public operating company after the Closing.
View on SEC.gov
M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Prairie Operating Co. completed an acquisition involving Prairie Operating Co., LLC (closed 2023-05-03).

Action
acquisition
Counterparty
Prairie Operating Co., LLC
Closing
2023-05-03
Exact text from the filing
on May 3, 2023, the Company completed the Merger pursuant to the terms of the Merger Agreement
View on SEC.gov
M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Prairie Operating Co. underwent a change of control involving Prairie Operating Co., LLC (closed 2023-05-03).

Action
change of control
Counterparty
Prairie Operating Co., LLC
Closing
2023-05-03
Exact text from the filing
Merger Sub merged with and into Prairie LLC, with Prairie LLC surviving and continuing to exist as a Delaware limited liability company and a wholly-owned subsidiary of the Company
View on SEC.gov
M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Prairie Operating Co. completed an acquisition involving Exok, Inc. for $3,000,000 (closed 2023-05-03).

Action
acquisition
Counterparty
Exok, Inc.
Consideration
$3,000,000
Closing
2023-05-03
Exact text from the filing
with certain other associated assets, data and records, consisting of approximately 3,157 net mineral acres in, on and under approximately 4,494 gross acres from Exok for $3,000,000 pursuant to the Amended and Restated Purchase and Sale Agreement, dated as of May 3, 2023 (the “ Exok Agreement ”), by and among the Company, Prairie LLC and Exok (the “ Exok
View on SEC.gov

26 debt financings filed in the last 30 days. Browse all debt financings →

Prairie Operating Co. filing history →

Source: SEC EDGAR
accession 0001493152-23-015999
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