secwatch.observer — SEC 8-K summary
======================================

Issuer:     Prairie Operating Co. (PROP)
CIK:        0001162896
Form:       8-K/A
Filed at:   2024-04-09T23:59:59+00:00
Accession:  0001493152-24-014021
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Prairie Operating files pro forma for $94.5M NRO acquisition and crypto mining exit
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1162896/000149315224014021/0001493152-24-014021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1162896/000149315224014021/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-014021

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