PROP.NASDAQPrairie Operating CO

S-1/A: Prairie Operating Co. Files Amendment No. 2 to Form S-1 Registration Statement

Sentiment:

S-1/A Filing

📋All filings for Prairie Operating CO
🔒Login to Follow

Prairie Operating Co. files an amendment to its Form S-1 registration statement, including expert consents and updated company information.

Capital raiseThe company is offering shares of common stock to the public.The company expects to fund the NRO Acquisition with the proceeds from this offering, cash on hand and proceeds from exercises of Warrants, if any.

Summary

  • Prairie Operating Co. filed Amendment No. 2 to its Form S-1 registration statement with the SEC on April 8, 2024.
  • The filing includes the consent of Cawley, Gillespie & Associates, Inc., independent petroleum reserve experts, regarding their reserve reports related to Prairie Operating Co.'s assets.
  • The reports cover estimates of reserves and future net revenues for the Initial Genesis Assets, Nickel Road Operating LLC, Central Weld Assets, and Genesis Bolt-on Assets as of various dates in late 2023 and early 2024.
  • The amendment also provides updated information about the company, its officers, and legal matters related to the registration statement.

Sentiment

Score: 6

Explanation: The document is primarily factual and related to regulatory filings. The sentiment is neutral as it mainly conveys information about the company's assets and expert opinions.

Positives

  • The inclusion of expert consents strengthens the validity of the reserve estimates presented in the registration statement.

Future Outlook

The company expects the NRO Acquisition to close in the first half of 2024, subject to customary closing conditions.

Industry Context

This announcement is typical for oil and gas companies preparing for a public offering, ensuring compliance with SEC regulations regarding reserve estimates.

Stakeholder Impact

  • Shareholders are impacted by the potential dilution from the offering and the success of the NRO Acquisition.

Next Steps

  • The company expects the NRO Acquisition to close in the first half of 2024, subject to customary closing conditions.

Key Dates

DateDescription
January 4, 2024Date of reserve report regarding Nickel Road Operating LLC estimates.
January 23, 2024Date of Crypto Divestiture Agreement.
February 1, 2024Economic effective date of NRO Acquisition.
February 1, 2024Effective date of Genesis Bolt-on Assets acquisition.
April 8, 2024Date of Amendment No. 2 to Form S-1 filing.

Keywords

Registration Statement, Reserve Report, Prairie Operating Co., Cawley Gillespie & Associates, Initial Genesis Assets, Nickel Road Operating LLC, Central Weld Assets, Genesis Bolt-on Assets, SEC, Reserves, Oil and Gas

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.