Reverse merger · Completed · PROP
Prairie Operating Co., LLC
Reverse merger with Creek Road Miners, Inc. (CRKR)
Prairie Operating Co., LLC merged into Creek Road Miners, Inc. (CRKR), a OTCQB-listed company (formerly Creek Road Miners) that restructured its preferred stock and debentures before the merger, in a reverse merger that takes the private company public. The agreement was signed and the deal closed on the same day, May 3, 2023. The combined company trades as Prairie Operating Co. (PROP) on Nasdaq.
Prairie Operating is an oil and gas company that acquired undeveloped leasehold acreage in Weld County, Colorado from Exok for about $3.0 million, and plans to develop it. The business is led by Prairie co-founders Ed Kovalik and Gary Hanna.
- Status
- Completed
- Private company
- Prairie Operating Co., LLC
- Public company
- Creek Road Miners, Inc. (CRKR)
- Public company business before
- OTCQB-listed company (formerly Creek Road Miners) that restructured its preferred stock and debentures before the merger
- Announced
- Signed and closed the same day
- Closed
- May 3, 2023
- Combined company
- Prairie Operating Co. (PROP)
- Exchange
- Nasdaq
- Sector
- Energy
More on this deal for subscribers
- Concurrent financing and investors
- Analyst notes from the filings
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Filings
- 8-K (merger completion) May 9, 2023
- Exhibit 99.1 (completion press release/exhibit)
- All filings on EDGAR CIK 1162896
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