{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-015999","form_type":"8-K","ticker":"PROP","cik":"0001162896","company_name":"Prairie Operating Co.","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.089046+00:00","generated_at":"2026-06-15T08:16:55.317327+00:00","sec_items":["1.01","2.01","2.03","3.02","3.03","5.03","5.01","5.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"Prairie Operating Co. (f/k/a Creek Road Miners) closes merger, acquires Colorado oil & gas leases, raises $17.3M PIPE","bullets":["Merger completed: Prairie LLC merges into subsidiary; company renamed Prairie Operating Co.; ticker to become PROP on OTCQB.","Exok Transaction: purchased ~3,157 net mineral acres in Weld County, CO for $3M.","PIPE raised $17.3M via Series D preferred ($0.175 conversion) and warrants; proceeds fund lease acquisition.","New leadership: Edward Kovalik CEO, Gary Hanna President, Craig Owen CFO, plus two other officers.","Board expanded to five; Gizman Abbas and Stephen Lee added as independent directors."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-015999","json":"https://secwatch.observer/filing/0001493152-23-015999.json","markdown":"https://secwatch.observer/filing/0001493152-23-015999.md","text":"https://secwatch.observer/filing/0001493152-23-015999.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1162896/000149315223015999/0001493152-23-015999-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1162896/000149315223015999/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T08:16:55.317327+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3ae16959fc641ada7d91a9e40d49a8ed914ed6c9","claim":"Prairie Operating Co. incurred convertible notes of $1,000,000 at 12%.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1162896/000149315223015999/0001493152-23-015999-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$1,000,000"},{"label":"Rate","value":"12%"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"0b55826883","claim":"Gary C. Hanna was appointed as President at Prairie Operating Co..","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1162896/000149315223015999/0001493152-23-015999-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President"}],"fact_type":"executive_change"},{"claim_id":"29bf43dd5b","claim":"Bryan Freeman was appointed as Executive Vice President of Operations at Prairie Operating Co..","evidence_excerpt":"The Board appointed Gary C. 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Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}