Prairie Operating Co 8-K/A, filed Sep 27, 2021
Prairie Operating Co. (PROP)
About this 8-K/A
Prairie Operating Co filed this 8-K/A on September 27, 2021, reporting on events of August 27, 2021.
Items reported
- Item 1.01: Entered into a material agreement
- Item 3.02: Unregistered sale of equity
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM
CURRENT REPORT
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[EXPLANATORY NOTE]
This Current Report on Form 8-K/A amends our Current Report on Form 8-K filed on August 31, 2021. On September 21, 2021, the Registrant accepted an additional Securities Purchase Agreement. The numbers set forth in Item 1.01 below reflect final numbers with respect to the funding.
Item 1.01 Entry into a Material Definitive Agreement.
Effective August 27, 2021, Creek Road Miners, Inc. (the “Company”) entered into securities purchase agreements with 15 different investors (the “Purchasers”) for the sale of the Company’s securities, with the Purchasers receiving an aggregate of (i) 2,433,340 shares of common stock (the “Shares”), and (ii) warrants to acquire 2,433,340 shares of the Company’s common stock, at an exercise price of $1.50 per share (the “Warrants”). The Company received $3,650,009.50 in cash from sale of the Shares and the Warrants. The proceeds of the offering will be used by the Company for working capital purposes.
The Shares and Warrants issued to the Purchasers were not registered under the Act and were issued and sold in reliance upon the exemption from registration contained in Section 4(2) of the Act and Regulation D promulgated thereunder. The Shares and Warrants, as well as the shares underlying the Warrants, may not be reoffered or sold in the United States by the holders in the absence of an effective registration statement, or valid exemption from the registration requirements of the Act.
Copies of the form of the securities purchase agreements and the form of the warrants are filed as exhibits to this Current Report on Form 8-K. The summary of these agreements set forth above is qualified by reference to such exhibits.
Item 3.02 Unregistered Sales of Securities.
The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.02.
Item 9.01 Exhibits.
| Exhibit No. | Description | |
| 10.1* | Form of Securities Purchase Agreement | |
| 10.2* | Form of Common Stock Purchase Warrant | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
*Incorporated by reference to Exhibits 10.1 and 10.2 filed with our Current Report on Form 8-K filed on August 31, 2021.
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SIGNATURE PAGE
Pursuant to the requirement of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Creek Road Miners, Inc. a Delaware corporation | ||
| Dated: September 27, 2021 | By: | /s/ Scott D. Kaufman |
| Scott D. Kaufman | ||
Chief Executive Officer and President | ||
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