---
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"
generated_at: "2026-05-24T06:21:48.480579+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Prairie Operating Co. announces $140.8 million Series F Preferred Stock offering to fund Bayswater acquisition

## Summary
- 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

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-000369
- JSON: https://secwatch.observer/filing/0001641172-25-000369.json
- Plain text: https://secwatch.observer/filing/0001641172-25-000369.txt

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