---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-033264"
form_type: "8-K"
ticker: "PROP"
cik: "0001162896"
company_name: "Prairie Operating Co."
filed_at: "2026-08-17T11:30:34+00:00"
generated_at: "2026-08-17T11:37:32.148082+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Prairie Operating amends credit agreement, lowers current ratio covenants, adds production test

## Summary
- Third Amendment to A&R Credit Agreement effective June 30, 2026 reduces current ratio to 0.50 (Q2'26), 0.40 (Q3'26), 0.60 (Q4'26), then 1.00.
- New minimum hydrocarbon production covenant tested monthly starting Aug 31, 2026, with volumes per Schedule 9.23.
- Letter agreement with High Trail extends Anniversary Warrant issuance to Aug 31, 2026 and Second Penny Warrant (3M shares at $0.01) similarly.
- High Trail waives current ratio maintenance until Dec 31, 2026, conditioned on same quarterly minimums.

## SEC filing metadata
- accession: 0001140361-26-033264
- form_type: 8-K
- ticker: PROP
- cik: 0001162896
- company_name: Prairie Operating Co.
- filed_at: 2026-08-17T11:30:34+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1162896/000114036126033264/0001140361-26-033264-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1162896/000114036126033264/ef20080297_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-033264
- JSON: https://secwatch.observer/filing/0001140361-26-033264.json
- Plain text: https://secwatch.observer/filing/0001140361-26-033264.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.