secwatch.observer — SEC 8-K summary
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Issuer:     Prairie Operating Co. (PROP)
CIK:        0001162896
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001493152-23-015999
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.95
Item codes: 1.01, 2.01, 2.03, 3.02, 3.03, 5.03, 5.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1162896/000149315223015999/0001493152-23-015999-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1162896/000149315223015999/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-015999

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer