secwatch.observer — SEC 8-K summary
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Issuer:     Prairie Operating Co. (PROP)
CIK:        0001162896
Form:       8-K
Filed at:   2025-06-20T23:59:59+00:00
Accession:  0001641172-25-015908
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1162896/000164117225015908/0001641172-25-015908-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1162896/000164117225015908/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-015908

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