SEC Filing Summary: Creek Road Miners, Inc. (Form 8-K)
Business Context and Reporting Period
Company: Creek Road Miners, Inc. (Note: Request metadata referenced "Prairie Operating Co.", but the filing text identifies the registrant as Creek Road Miners, Inc.)
Filing Date: October 4, 2021
Reporting Period: Event date of October 4, 2021
Context: The Company entered into a material definitive agreement for the unregistered sale of securities to raise capital.
Key Financial Metrics
Cash Proceeds: $750,000.00 received from the sale of securities.
Use of Proceeds: Working capital purposes.
Revenue/Profit/Margins/Debt: The filing text does not provide a clear value for revenue, profit, cash flow, margins, or existing debt levels. This report focuses solely on the capital raise event.
Material Changes and Transaction Details
- Securities Issued: 500,000 shares of common stock and warrants to acquire 500,000 additional shares.
- Warrant Terms: Exercise price of $1.50 per share.
- Regulatory Status: Issued under Section 4(2) of the Securities Act and Regulation D (unregistered). Resale is restricted without an effective registration statement or valid exemption.
Guidance, Outlook, and Risks
Management Commentary: Proceeds are designated for working capital.
Risks/Contingencies: The securities are subject to resale restrictions in the United States until registered or exempted. No specific forward-looking guidance or risk factors beyond the standard securities restrictions were detailed in this specific 8-K text.
Investor Verification Checklist
- Verify the total number of outstanding shares post-issuance to assess dilution impact.
- Confirm the identity of the "Purchaser" and any related party status.
- Review the full Securities Purchase Agreement (Exhibit 10.1) for covenants or liquidation preferences not summarized here.
- Check subsequent filings for the status of the working capital deployment.