other material
confidence high
sentiment neutral
materiality 0.55
Prairie Operating Co. completes conversion of $2M debentures, announces reverse stock split and name change
Prairie Operating Co.
- Converted $2,000,000 principal of 12% convertible debentures into 11,447,619 common shares.
- Effectuated 1:28.5714286 reverse stock split, effective Oct. 12, 2023.
- Changed corporate name from Creek Road Miners, Inc. to Prairie Operating Co.
- Stock symbol changed from CRKR to PROP; trades under CRKRD for 20 days then PROP.
- Authorized shares increased to 500M common and 50M preferred per amended charter.