---
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"
generated_at: "2026-05-24T04:45:30.474180+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Prairie Operating raises ~$179.5M net; issues Series F Preferred with 12% dividend and concurrent common offering

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 5.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-000762
- JSON: https://secwatch.observer/filing/0001641172-25-000762.json
- Plain text: https://secwatch.observer/filing/0001641172-25-000762.txt

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