Prairie Operating Co. Enters Material Definitive Agreement
Ticker: PROP · Form: 8-K · Filed: Jan 12, 2024 · CIK: 1162896
Complexity: simple
Sentiment: neutral
Topics: material-agreement, corporate-action, regulation-fd
TL;DR
**Prairie Operating Co. signed a big deal, but the 8-K gives zero details.**
AI Summary
Prairie Operating Co. filed an 8-K on January 12, 2024, reporting an "Entry into a Material Definitive Agreement" on January 11, 2024. While the filing indicates a significant agreement, it does not disclose the specific details or financial terms of this agreement. This matters to investors because without the specifics of the material agreement, it's impossible to assess its potential positive or negative impact on the company's future performance or stock value.
Why It Matters
This filing signals a potentially significant business development for Prairie Operating Co., but the lack of specific details makes it impossible for investors to evaluate its financial implications.
Risk Assessment
Risk Level: medium — The filing indicates a material agreement but provides no details, creating uncertainty and making it difficult to assess potential risks or benefits.
Analyst Insight
A smart investor would await further disclosures from Prairie Operating Co. regarding the specifics of this material definitive agreement before making any investment decisions, as the current filing lacks critical information to assess its impact.
Key Players & Entities
- Prairie Operating Co. (company) — the registrant filing the 8-K
- January 11, 2024 (date) — date of the earliest event reported (entry into material definitive agreement)
- January 12, 2024 (date) — date the 8-K was filed
FAQ
What was the specific nature of the "Material Definitive Agreement" entered into by Prairie Operating Co. on January 11, 2024?
The 8-K filing states that Prairie Operating Co. entered into a "Material Definitive Agreement" on January 11, 2024, but it does not provide any specific details about the nature, terms, or parties involved in this agreement.
What financial terms or dollar amounts are associated with the "Material Definitive Agreement"?
The 8-K filing does not disclose any financial terms, dollar amounts, or other quantitative information related to the "Material Definitive Agreement."
Why did Prairie Operating Co. file this 8-K under Item 1.01 and Item 7.01?
Prairie Operating Co. filed this 8-K under Item 1.01 for "Entry into a Material Definitive Agreement" and Item 7.01 for "Regulation FD Disclosure." Item 1.01 is used to report the entry into a significant agreement, while Item 7.01 is used to disclose information that the company intends to make public, often to avoid selective disclosure.
What was Prairie Operating Co.'s former name before its current one?
According to the filing, Prairie Operating Co. was formerly known as Creek Road Miners, Inc. as of July 15, 2021, and before that, WIZARD BRANDS, INC. as of August 14, 2020, and WIZARD ENTERTAINMENT, INC. as of October 9, 2018.
Where is Prairie Operating Co.'s principal executive office located?
Prairie Operating Co.'s principal executive office is located at 602 Sawyer Street, Suite 710, Houston, TX 77007, with a telephone number of (713) 424-4247.
Filing Stats: 1,751 words · 7 min read · ~6 pages · Grade level 13.3 · Accepted 2024-01-12 08:30:40
Key Financial Figures
- $94.5 million — he "Assets") for total consideration of $94.5 million (the "Purchase Price"), subject to cert
- $83.0 million — chase"). The Purchase Price consists of $83.0 million in cash and $11.5 million in deferred c
- $11.5 million — e consists of $83.0 million in cash and $11.5 million in deferred cash payments. The Company
- $9 million — ed cash payments. The Company deposited $9 million of the Purchase Price into an escrow ac
Filing Documents
- form8-k.htm (8-K) — 51KB
- ex2-1.htm (EX-2.1) — 760KB
- ex99-1.htm (EX-99.1) — 62KB
- ex99-2.htm (EX-99.2) — 11KB
- ex99-2_001.jpg (GRAPHIC) — 332KB
- ex99-2_002.jpg (GRAPHIC) — 698KB
- ex99-2_003.jpg (GRAPHIC) — 308KB
- ex99-2_004.jpg (GRAPHIC) — 392KB
- ex99-2_005.jpg (GRAPHIC) — 402KB
- ex99-2_006.jpg (GRAPHIC) — 476KB
- ex99-2_007.jpg (GRAPHIC) — 383KB
- ex99-2_008.jpg (GRAPHIC) — 225KB
- ex99-2_009.jpg (GRAPHIC) — 203KB
- ex99-2_010.jpg (GRAPHIC) — 300KB
- 0001493152-24-002129.txt ( ) — 6298KB
- prop-20240111.xsd (EX-101.SCH) — 3KB
- prop-20240111_lab.xml (EX-101.LAB) — 33KB
- prop-20240111_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Prairie Operating Co. Date: January 12, 2024 By: /s/ Edward Kovalik Edward Kovalik Chief Executive Officer