M&A
confidence high
sentiment neutral
materiality 0.75
Prairie Operating files pro forma for $94.5M NRO acquisition and crypto mining exit
Prairie Operating Co.
- NRO asset acquisition for $94.5M ($83M cash + $11.5M deferred); $9M escrow deposited.
- Crypto mining equipment sold for $1M cash + $1M deferred; company exits crypto business.
- Pro forma total assets $145.4M, total liabilities $16.4M as of Dec 31, 2023.
- Pro forma 2023 revenue $47.3M (oil & gas), net loss from continuing ops $39.5M.
- Pro forma EPS loss $2.39; shares outstanding pro forma 19.5M after $90M equity offering.