secwatch.observer — SEC 8-K summary
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Issuer:     Prairie Operating Co. (PROP)
CIK:        0001162896
Form:       8-K
Filed at:   2026-06-11T12:00:43+00:00
Accession:  0001140361-26-024881
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Prairie Operating Co. reaffirms $475M borrowing base, amends credit facility with Citibank
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- Reaffirmed $475M borrowing base under Second Amendment to A&R Credit Agreement with Citibank.
- Modified covenants on distributable free cash flow; increased redetermination cadence.
- Letter Agreement with High Trail permits conversion of Series F Preferred into up to 21,156,339 common shares.
- Anniversary warrant issuance date moved to Aug 7, 2026; warrant share count reduced from 75% to 65% of stated value.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1162896/000114036126024881/0001140361-26-024881-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1162896/000114036126024881/ef20075766_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-024881

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