secwatch.observer — SEC 8-K summary
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Issuer:     Prairie Operating Co. (PROP)
CIK:        0001162896
Form:       8-K/A
Filed at:   2024-01-29T23:59:59+00:00
Accession:  0001493152-24-004087
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Prairie Operating exits crypto mining, pro forma shows shift to oil & gas
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- Sold all cryptocurrency miners for $1.0M cash + $1.0M deferred payments on Jan 23, 2024.
- Pro forma balance sheet at Sep 30, 2023 removes $4.3M crypto mining equipment and eliminates $50.7M warrant liabilities.
- Pro forma net loss for 9M ended Sep 30, 2023: $(12.1M) after removing crypto revenue and costs.
- Deposited $9M toward $94.5M Nickel Road oil & gas asset acquisition on Jan 11, 2024.
- Merger with Prairie LLC and Series D PIPE ($17.4M) completed May 3, 2023; company renamed from Creek Road Miners.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1162896/000149315224004087/0001493152-24-004087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1162896/000149315224004087/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-004087

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