secwatch.observer — SEC 8-K summary
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Issuer:     Prairie Operating Co. (PROP)
CIK:        0001162896
Form:       8-K
Filed at:   2024-11-27T23:59:59+00:00
Accession:  0001493152-24-048040
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Prairie files Nickel Road financials; $84.5M acquisition closed Oct 1
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- Acquisition of all of Nickel Road’s oil and gas interests closed October 1, 2024, with amended purchase price of $84.5M.
- Nickel Road posted 9M 2024 net loss of $14.4M vs net income of $15.8M; revenue fell to $30.8M from $34.2M.
- Nickel Road recorded $29.7M impairment on proved and unproved oil and gas properties in 9M 2024.
- Nickel Road’s long-term debt fully repaid by Sept 2024, with zero outstanding vs $20.5M at Dec 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1162896/000149315224048040/0001493152-24-048040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1162896/000149315224048040/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-048040

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