{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-002082","form_type":"8-K","ticker":"PROP","cik":"0001162896","company_name":"Prairie Operating Co.","filed_at":"2025-04-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.670219+00:00","generated_at":"2026-05-24T00:19:59.906011+00:00","sec_items":["1.01","2.01","2.03","3.02","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Prairie closes $602.75M Bayswater acquisition, secures $1.0B credit facility","bullets":["Acquired DJ Basin assets for ~$483.5M cash plus 3,656,099 shares of common stock.","New A&R credit facility: $1.0B max commitment, $475M borrowing base, $377M drawn at close.","Paid off $3.2M of subordinated note; remaining $1.46M converted to 15% interest, non‑redeemable.","Facility matures March 2029; includes financial covenants (Net Leverage ≤3.0x, Current Ratio ≥1.0x).","Hedging requirement: at least 80% of proved developed producing reserves through March 2028."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-002082","json":"https://secwatch.observer/filing/0001641172-25-002082.json","markdown":"https://secwatch.observer/filing/0001641172-25-002082.md","text":"https://secwatch.observer/filing/0001641172-25-002082.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1162896/000164117225002082/0001641172-25-002082-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1162896/000164117225002082/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T00:19:59.906011+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"}