Prairie Operating enters $75M at-the-market equity distribution agreement with Citigroup and Truist

Prairie Operating Co.

• Company may sell up to $75M of common stock in ATM offerings through Citigroup and Truist.
• Managers receive up to 3% commission on gross sales; company may terminate at any time.
• Proceeds for general corporate purposes, including development, debt repayment, or potential acquisitions.
• If required, part of net proceeds may be used to redeem Series F Convertible Preferred Stock.
• Shares sold under existing effective S-3 shelf registration statement filed April 2025.