SEC Comment Letter for Prairie Operating Co. (PROP) (CIK 0001162896) (PROP) — Dec 4, 2019
Prairie Operating Co. (PROP) (CIK 0001162896)
Date: Dec. 4, 2019 · CIK: 0001162896 · Accession: 0000000000-19-016085
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File numbers found in text: 024-11070
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December 3, 2019
John Maatta
Chief Executive Officer
Wizard Entertainment, Inc.
662 N. Sepulveda Blvd., Suite 300
Los Angeles, CA 90049
Re:Wizard Entertainment, Inc.
Amendment No. 1 to
Offering Statement on Form 1-A
Filed November 12, 2019
File No. 024-11070
Dear Mr. Maatta:
We have reviewed your amended offering statement and have the following
comments. In some of our comments, we may ask you to provide us with information so we
may better understand your disclosure.
Please respond to this letter by amending your offering statement and providing the
requested information. If you do not believe our comments apply to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
After reviewing any amendment to your offering statement and the information you
provide in response to these comments, we may have additional comments. Unless we note
otherwise, our references to prior comments are to comments in our October 3, 2019 letter.
Form 1-A/A filed November 12, 2019
Investor Perks, page 18
1.We note your disclosure regarding the approximate cash value of the investor perks.
Please disclose how you determined the cash value for the investor perks.
General
2.Please update your filing to reflect the resignation of Jordan Schur from your board of
directors, and the election of Scott D. Kaufman to your board of directors. We note your
related disclosure in the current report on Form 8-K filed on November 5, 2019.
FirstName LastNameJohn Maatta
Comapany NameWizard Entertainment, Inc.
December 3, 2019 Page 2
FirstName LastName
John Maatta
Wizard Entertainment, Inc.
December 3, 2019
Page 2
3.We note your response to prior comment 7, and reissue such comment in part. Your
forum selection provision in your bylaws to be in effect prior to any closing of this
offering identifies a state or federal court located with the State of Delaware as the
exclusive forum for certain litigation, including any “derivative action.” Please revise to
clarify whether you intend this provision to apply to actions arising under the Securities
Act or Exchange Act. In that regard, we note your disclosure that you “believe” that the
exclusive forum provision applies to claims arising under the Securities Act, and we note
that your disclosure on pages 13 and 46 are not consistent with your disclosure on page 18
as to whether this provision applies to actions arising under the Exchange Act. If this
provision does not apply to actions arising under the Securities Act or Exchange Act,
please also ensure that the exclusive forum provision in the governing documents states
this clearly, or tell us how you will inform investors in future filings that the provision
does not apply to any actions arising under the Securities Act or Exchange Act.
4.We note that you filed a quarterly report on Form 10-Q for the period ended September
30, 2019. Please tell us what consideration you gave to updating the offering statement.
Refer to footnote 17 and the accompanying text in Securities Act Release No. 33-10591
(December 19, 2018).
Please contact Susan Block at 202-551-3210 or Laura Nicholson at 202-551-3584 with
any questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services