{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-000762","form_type":"8-K","ticker":"PROP","cik":"0001162896","company_name":"Prairie Operating Co.","filed_at":"2025-03-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.061428+00:00","generated_at":"2026-05-24T04:45:30.474180+00:00","sec_items":["1.01","5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Prairie Operating raises ~$179.5M net; issues Series F Preferred with 12% dividend and concurrent common offering","bullets":["Raised ~$139.1M net from sale of 148,250 Series F Preferred shares ($1,000 stated value, 12% cumulative dividend).","Raised ~$40.4M net from concurrent common stock offering of 8,555,555 shares at $4.50 per share (underwriters' option partially exercised).","Proceeds used to fund portion of previously announced Bayswater oil & gas property acquisition.","Preferred shares convertible into common at initial rate of 202.0202 shares per preferred share; conversion floor of $1.15.","Company redemption right at 125% of stated value plus accrued dividends; holders have put on fundamental change."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-000762","json":"https://secwatch.observer/filing/0001641172-25-000762.json","markdown":"https://secwatch.observer/filing/0001641172-25-000762.md","text":"https://secwatch.observer/filing/0001641172-25-000762.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1162896/000164117225000762/0001641172-25-000762-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1162896/000164117225000762/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T04:45:30.474180+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"}