---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-033279"
form_type: "8-K"
ticker: "PROP"
cik: "0001162896"
company_name: "Prairie Operating Co."
filed_at: "2024-08-20T23:59:59+00:00"
generated_at: "2026-05-31T08:24:42.150771+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Prairie Operating amends NRO acquisition, reduces cash at closing to $57M; major holder exercises warrant for $24M

## Summary
- Amendment to APA reduces cash consideration at closing from ~$71.5M to $57M; extends outside date to Sep 17, 2024.
- Holder Narrogal Nominees exercises Series E B Warrant for $24M, converts 20,000 Series E shares into 4M common shares.
- Holder converts 2,000 Series D Preferred into 400,000 common shares; increases beneficial ownership cap to 49.9%.
- Holder agrees to standstill (no further stock acquisitions above 49.9%) and voting agreement (caps voting at 29.9% unless proportional).
- Series D conversion subject to new 49.9% cap; Company must monitor monthly for conversion availability of at least 100,000 shares.

## SEC filing metadata
- accession: 0001493152-24-033279
- form_type: 8-K
- ticker: PROP
- cik: 0001162896
- company_name: Prairie Operating Co.
- filed_at: 2024-08-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1162896/000149315224033279/0001493152-24-033279-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1162896/000149315224033279/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-033279
- JSON: https://secwatch.observer/filing/0001493152-24-033279.json
- Plain text: https://secwatch.observer/filing/0001493152-24-033279.txt

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