secwatch.observer — SEC 8-K summary
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Issuer:     Prairie Operating Co. (PROP)
CIK:        0001162896
Form:       8-K
Filed at:   2025-03-24T23:59:59+00:00
Accession:  0001641172-25-000369
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1162896/000164117225000369/0001641172-25-000369-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1162896/000164117225000369/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-000369

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