22 Sept 2021securities registration● Neutral
Prairie Operating Co. registered a securities offering with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
21 Sept 2021director interest notice● Neutral
Prairie Operating Co. Chairman, CEO and President Scott D Kaufman received a stock option grant for 6,249 shares.
21 Sept 2021director interest notice● Neutral
Prairie Operating Co. Chief Financial Officer Bowman Heidi Christine received a stock option grant for 3,000 shares.
17 Sept 2021asset acquisition disposition● NeutralMajor
Creek Road Miners sold its Jevo gelatin-shot-machine subsidiary for $1.5 million to a buyer managed by a director's son-in-law -- a related-party deal approved by the other four board members -- explicitly to fund a full focus on cryptocurrency mining.
10 Sept 2021substantial holder notice● Neutral
Alpha Capital Anstalt disclosed a new substantial Prairie Operating Co. shareholding (9.72% of votes).
31 Aug 2021capital raising announcement▲ GoodMajor
As newly renamed Creek Road Miners, Inc., raised $3.5 million from 14 investors (2,333,340 shares plus $1.50-strike warrants) to fund its crypto-mining pivot.
What it means for a shareholder
2.3m new shares at about US$1.50 to raise about US$3.5m. That's 39% dilution: every existing holder's slice gets 39% smaller. If you held US$1,000 of shares (667 at the issue price), your slice goes from 0.0182% to 0.0111% of the company. To keep it you'd need 424 more shares - about US$636 at the issue price.
Create a free account to see this worked out for your own holding.
13 Aug 2021quarterly activities report▼ Bad
Prairie Operating Co. reported quarterly revenue of $148 thousand and a net loss of $602 thousand for the period ended 2021-09-30.
11 Aug 2021securities registration● Neutral
Prairie Operating Co. filed the final prospectus for a registered offering.
10 Aug 2021asset acquisition disposition▼ BadMajor
Creek Road Miners exited the legacy Wizard World live-events business entirely, selling the remaining convention rights (Chicago, Cleveland, New Orleans, Philadelphia, Portland, St. Louis) to Informa Pop Culture Events for nothing but the assumption of associated liabilities -- confirming the business had little remaining value as the company pivoted to crypto mining.
26 July 2021securities registration● Neutral
Prairie Operating Co. amended a filing by which it registered a securities offering with the SEC.
22 July 2021material agreement▼ Bad
By this point renamed Creek Road Miners, Inc. and pivoted toward cryptocurrency, the company amended its Series B Preferred Stock terms with investor Leviston Resources: conversions now price off a discount to the stock's recent trading average (85% of the lowest VWAP), floored between $1.00 and $1.50 -- a variable-rate structure that increases dilution risk as the stock falls.
10 June 2021securities registration● Neutral
Prairie Operating Co. amended a filing by which it registered a securities offering with the SEC.
19 May 2021securities registration● Neutral
Prairie Operating Co. amended a filing by which it registered a securities offering with the SEC.
17 May 2021quarterly activities report▼ Bad
Prairie Operating Co. reported quarterly revenue of $173 thousand and a net loss of $1.9 million for the period ended 2021-03-31.
21 Apr 2021securities registration● Neutral
Prairie Operating Co. registered a securities offering with the SEC.
8 Apr 2021securities registration● Neutral
Prairie Operating Co. filed notice of an exempt private placement.
2 Apr 2021capital raising announcement▲ GoodMajor
As Wizard Brands, Inc., agreed to sell Leviston Resources LLC $5 million of Series B Preferred Stock and warrants, paid in tranches tied to registration-statement milestones -- capital raised as the company pivoted toward cryptocurrency mining.
29 Mar 2021director interest notice● Neutral
Prairie Operating Co. Chief Financial Officer Bowman Heidi Christine received a stock option grant for 4,000 shares.
29 Mar 2021director interest notice● Neutral
Bowman Heidi Christine became a Prairie Operating Co. Chief Financial Officer and company insider (initial ownership filing).
29 Mar 2021director interest notice● Neutral
Prairie Operating Co. Chairman, CEO and President Scott D Kaufman received a stock option grant for 8,300 shares.
29 Mar 2021director interest notice● Neutral
Scott D Kaufman became a Prairie Operating Co. Chairman, CEO & President and company insider (initial ownership filing).
3 Mar 2021director officer appointment▼ BadMajor
Formalised Scott D. Kaufman as chief executive on a contract backdated to November 2020 that let the company pay his $250,000 salary in preferred stock until it turned a profit. Kaufman also co-managed Barlock, the fund that had lent the company $2.5 million in December 2019 against essentially all its assets -- the conflict that detonated in September 2022 when Barlock declared a default and demanded $5 million.
9 Feb 2021substantial holder notice● Neutral
Bristol Investment Fund, Ltd, Bristol Capital, LLC, Paul Kessler, Bristol Capital Advisors Profit Sharing Plan reported a Prairie Operating Co. shareholding of 2,589,986 shares (73.86% of votes) in a periodic institutional filing.
5 Jan 2021director interest notice● Neutral
Prairie Operating Co. Executive Chairman Paul L. Kessler bought 14,211 shares on the open market at $0.61.
5 Jan 2021director interest notice● Neutral
Prairie Operating Co. director Paul L. Kessler bought 14,211 shares on the open market at $0.61.
24 Nov 2020quarterly activities report▼ Bad
Prairie Operating Co. reported quarterly revenue of $601 thousand and a net loss of $711 thousand for the period ended 2020-09-30.
16 Nov 2020quarterly activities report▼ Bad
Prairie Operating Co. reported quarterly revenue of $601 thousand and a net loss of $711 thousand for the period ended 2020-09-30.
14 Aug 2020quarterly activities report▼ Bad
Prairie Operating Co. reported quarterly revenue of $601 thousand and a net loss of $390 thousand for the period ended 2020-09-30.
19 May 2020quarterly activities report▼ Bad
Prairie Operating Co. reported quarterly revenue of $816 thousand and a net loss of $390 thousand for the period ended 2020-06-30.
15 May 2020quarterly activities report▼ Bad
Prairie Operating Co. reported quarterly revenue of $816 thousand and a net loss of $390 thousand for the period ended 2020-06-30.