secwatch.observer — SEC 8-K summary
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Issuer:     Prairie Operating Co. (PROP)
CIK:        0001162896
Form:       8-K
Filed at:   2026-04-09T23:59:59+00:00
Accession:  0001140361-26-013932
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 3.02, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Prairie Operating repurchases $19M of Series F Preferred; issues Penny Warrants for up to 7M shares at $0.01
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- Repurchased 13,727 Series F Preferred shares from High Trail for $18,999,047.64 cash plus accrued dividends paid in stock.
- Issued a Penny Warrant to buy 4M shares at $0.01; a second 3M-share warrant may issue if Anniversary Warrants not delivered by July 8, 2026.
- Anniversary Warrant issuance date moved to July 8, 2026; shares issuable reduced to 75% of Stated Value from 125%.
- High Trail waived a $3.0M cash extension fee contingent on repurchase and warrant issuance.
- Company must file registration statement for Penny Warrant shares within 30 days; failure incurs monthly penalty of 1% of Daily VWAP.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1162896/000114036126013932/0001140361-26-013932-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1162896/000114036126013932/ef20070147_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-013932

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