8-K
Prairie Operating Co. (PROP)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D. C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 Or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 30, 2022
CreekRoad Miners, Inc.
(Exact name of Registrant as specified in its charter)
| Delaware | 000-33383 | 98-0357690 |
|---|---|---|
| (State<br> or other Jurisdiction of <br><br> Incorporation or organization) | (Commission<br><br> <br>File<br> Number) | (IRS<br> Employer<br><br> <br>I.D.<br> No.) |
2700Homestead Road, Suite 50
ParkCity, UT 84098
(Address of Principal Executive Offices) (Zip Code)
(435)900-1949
Registrant’s
telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ☐ | Written<br> communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting<br> material pursuant to Rule l 4a- l 2 under the Exchange Act ( 17 CFR 240. l 4a- l 2) |
| ☐ | Pre-commencement<br> communications pursuant to Rule l 4d-2(b) under the Exchange Act (17 CFR 240. l 4d-2(b)) |
| ☐ | Pre-commencement<br> communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240. l 3e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title<br> of each class | Trading<br> Symbol(s) | Name<br> of each exchange on which registered |
|---|---|---|
| None | N/A | N/A |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item1.01 Entry into a Material Definitive Agreement.
On May 30, 2022, the Registrant, Creek Road Miners, Inc. (hereinafter the “Company”), entered into a Binding Memorandum of Understanding (the “Agreement”), with Highwire Energy Partners, Inc. (“Highwire”), to acquire certain energy assets. The energy assets involved include natural gas production opportunities in South Dakota, North Dakota, and Wyoming as well as an opportunity for fixed-price electricity generation in Wyoming. These assets are desirable, in part, for the commencement of Bitcoin mining operations at one or more of these locations.
Under the Agreement, Highwire will receive some initial payments, certain production royalties, and compensation for continuing to operate production activities. Additional payments will be made by the Company for site improvements and when the Company’s Bitcoin mining activities commence on any of the properties. This summary of the Agreement is qualified by the full Agreement with will be included as an exhibit to the Company’s next quarterly filing on Form 10-Q.
| 2 |
| --- |
SIGNATURES
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.
| CreekRoad Miners, Inc. | ||
|---|---|---|
| a Delaware corporation | ||
| Dated:<br> June 3, 2022 | By: | /s/ John D. Maatta |
| John<br> D. Maatta | ||
| Co-Chief<br> Executive Officer |
| 3 |
| --- |