---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-039563"
form_type: "8-K"
ticker: "PROP"
cik: "0001162896"
company_name: "Prairie Operating Co."
filed_at: "2024-10-04T23:59:59+00:00"
generated_at: "2026-05-30T19:48:51.957354+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Prairie Operating closes $49.6M NRO acquisition, raises $15M equity & $20M debt

## Summary
- Closed $49.6M cash acquisition of Nickel Road Development oil & gas assets on Oct 1, 2024.
- Entered $40M Standby Equity Purchase Agreement (SEPA) with YA II PN; $15M pre-paid advance at 8%.
- Issued $5M subordinated note (10% interest) and warrants for 1,141,552 shares at $8.89 to related-party noteholders.
- Sold 1,827,040 shares at $8.21 in private placement to fund acquisition.
- Non-compensatory options to purchase 800,000 shares transferred to entities controlled by directors.

## SEC filing metadata
- accession: 0001493152-24-039563
- form_type: 8-K
- ticker: PROP
- cik: 0001162896
- company_name: Prairie Operating Co.
- filed_at: 2024-10-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1162896/000149315224039563/0001493152-24-039563-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1162896/000149315224039563/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-039563
- JSON: https://secwatch.observer/filing/0001493152-24-039563.json
- Plain text: https://secwatch.observer/filing/0001493152-24-039563.txt

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