{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-000369","form_type":"8-K","ticker":"PROP","cik":"0001162896","company_name":"Prairie Operating Co.","filed_at":"2025-03-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.061215+00:00","generated_at":"2026-05-24T06:21:48.480579+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Prairie Operating Co. announces $140.8 million Series F Preferred Stock offering to fund Bayswater acquisition","bullets":["Offering of 150,000 shares of Series F Preferred Stock at $1,000 stated value per share, plus warrants exercisable after one year","Estimated net proceeds of $140.8 million, to be used with $35 million concurrent common stock offering for Bayswater Acquisition","Dividends accrue at 12% annually, rising to 25% after six months from credit agreement maturity, payable quarterly","Closing expected March 26, 2025; offering not conditioned on closing of Bayswater Acquisition","Holders owning over 50% of common stock have entered voting agreements to support share issuance for conversion or warrant exercise"],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-000369","json":"https://secwatch.observer/filing/0001641172-25-000369.json","markdown":"https://secwatch.observer/filing/0001641172-25-000369.md","text":"https://secwatch.observer/filing/0001641172-25-000369.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1162896/000164117225000369/0001641172-25-000369-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1162896/000164117225000369/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud","generated_at":"2026-05-24T06:21:48.480579+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}