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Material updates from SEC filings (8-K, 10-Q, 10-K) ranked by impact, with no firehose noise.
Entry into a Material Definitive Agreement. Second Amendment to Amended & Restated Credit Agreement On June 10, 2026, Prairie Operating Co. (the “Company” or “Prairie”) entered into a Second Amendment to Amended and Restated Credit Agreement (the “Amendment”) with Citibank, N.A., as administrative agent, and the other financial institutions party thereto, which amends the Amended and Restated Credit Agreement, dated as of March 26, 2025 (as amended by that certain First Amendment to Amended a…
Material Modification to Rights of Security Holders. The information set forth under
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth under
of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for purposes of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such a filing.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On April 22, 2026, Gizman I. Abbas provided the Board of Directors (the “Board”) of Prairie Operating Co. (the “Company”) with notice of his resignation as a member of the Board, effective May 15, 2026. Mr. Abbas’s resignation was not the result of any disagreement with the Company or the Board on any matter relating to the Company’s operations, po…
Material Modification to Rights of Security Holders. The information set forth under
The First Penny Warrant was issued without registration under the Securities Act, in reliance upon the exemption provided under Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D promulgated thereunder.
Entry into a Material Definitive Agreement. Series F Convertible Preferred Stock – Letter Agreement On April 8, 2026, Prairie Operating Co. (the “Company”) entered into a letter agreement (the “Letter Agreement”) with Hudson Bay PH XIX LLC (“High Trail”), pursuant to which the parties agreed, among other things, (i) that the Company would repurchase, on the date of the Letter Agreement, 13,727 shares of the Company’s Series F Convertible Preferred Stock (the “Series F Preferred”) from High Tr…
Entry into a Material Definitive Agreement. As previously disclosed on the Current Report on Form 8-K of Prairie Operating Co. (the “Company”) filed on March 26, 2025, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”), as amended by that certain Amendment, dated March 25, 2026 (the “Original Amendment”), with each of the investors listed on the Schedule of Buyers attached thereto (collectively, the “Buyers”), pursuant to which, among other things, the Company…
of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for purposes of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such a filing.
Entry into a Material Definitive Agreement. As previously disclosed on the Current Report on Form 8-K of Prairie Operating Co. (the “Company”) filed on March 26, 2025, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with each of the investors listed on the Schedule of Buyers attached thereto (collectively, the “Buyers”), pursuant to which, among other things, the Company (i) sold to the Buyers 148,250 shares (the “Preferred Shares”) of the Company’s Series…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 2, 2026, Edward Kovalik resigned as the CEO and Chairman of the Board of Directors (the “Board”) of Prairie Operating Co. (the “Company”), and Gary Hanna retired as President and director of the Company. The Board has appointed Richard N. Frommer, a member of the Board, to serve as Interim President and CEO of the Company, while the Compan…
of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for purposes of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such a filing.
Changes in Registrant’s Certifying Accountant. Following a competitive request for proposals process, the Audit Committee (the “ Audit Committee ”) of the Board of Directors of Prairie Operating Co. (the “ Company ”) approved the engagement of Deloitte & Touche LLP (“ Deloitte ”), effective September 18, 2025, as its independent registered public accounting firm for the fiscal year ending December 31, 2025. On September 18, 2025, the Audit Committee also approved the dismissal of Ham, Langsto…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Amended and Restated Employment Agreements On August 13, 2025, the Compensation Committee of the Board of Directors approved the Company’s entry into amended and restated employment agreements with each of Ed Kovalik (Chief Executive Officer), Gary C. Hanna (President), and Gregory S. Patton (Executive Vice President and Chief Financial Officer), e…
of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for purposes of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such a filing.
Entry into a Material Definitive Agreement On June 20, 2025, Prairie Operating Co. (the “ Company ”) entered into an Equity Distribution Agreement (the “ Equity Distribution Agreement ”) with Citigroup Global Markets Inc. and Truist Securities, Inc., as managers (together, the “ Managers ”). Pursuant to the Equity Distribution Agreement, the Company may sell, at its option, shares of its common stock up to an aggregate offering price of $75,000,000 (the “ Shares ”) through the Managers. Sales…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On June 4, 2025, the stockholders of Prairie Operating Co. (the “Company”) approved an amendment (the “Amendment”) to the 2024 Amended & Restated Prairie Operating Co. Long-Term Incentive Plan (the “LTIP”). As further described below under
Entry into a Material Definitive Agreement. Amended & Restated Revolving Credit Facility On March 26, 2025, Prairie Operating Co. (the “Company” or “Prairie”), as borrower, amended and restated that certain reserve-based credit agreement, dated as of December 16, 2024, with Citibank, N.A., as administrative agent, and the financial institutions party thereto (the “A&R Credit Agreement”). The A&R Credit Agreement has a maximum credit commitment of $1.0 billion. As of March 26, 2025, the A&R Cr…
The securities that were sold in the Bayswater Acquisition were sold without registration under the Securities Act, in reliance upon the exemption provided under Section 4(a)(2) of the Securities Act and Regulation D promulgated thereunder as securities offered and sold only to accredited investors (as defined in Rule 501(a) of Regulation D under the Securities Act) in a transaction not involving any public offering.
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth under
Completion of Acquisition or Disposition of Assets. As previously disclosed, on February 6, 2025, Prairie and certain of its subsidiaries entered into a Purchase and Sale Agreement (the “Original Bayswater PSA”) with Bayswater Resources LLC, Bayswater Fund III-A, LLC, Bayswater Fund III-B, LLC, Bayswater Fund IV-A, LP, Bayswater Fund IV-B, LP, Bayswater Fund IV-Annex, LP and Bayswater Exploration & Production, LLC (collectively, “Bayswater”). As previously disclosed, on March 14, 2025, the pa…
Entry into a Material Definitive Agreement. Securities Purchase Agreement On March 24, 2025, Prairie Operating Co. (the “Company,” “Prairie,” “we,” “us,” and “our”) entered into a Securities Purchase Agreement (the “Purchase Agreement”), with each of the investors listed on the Schedule of Buyers attached thereto (collectively, the “Buyers”), pursuant to which the Company agreed to issue and sell, in a registered offering by the Company directly to the Buyers (the “Preferred Offering”), (i) 1…
Other Events. As previously disclosed in the Current Report on Form 8-K of Prairie Operating Co. (the “Company”) filed with the Securities and Exchange Commission (the “SEC”) on February 7, 2025, the Company and certain of its subsidiaries entered into a Purchase and Sale Agreement to purchase certain oil gas properties (the “Acquired Properties”) from Bayswater Resources, LLC, Bayswater Fund III-A, LLC, Bayswater Fund III-B, LLC, Bayswater Fund IV-A, LP, Bayswater Fund IV-B, LP, Bayswater Fu…
Other Events. Securities Purchase Agreement Prairie Operating Co. (the “Company,” “Prairie,” “we,” “us,” and “our”) expects to enter into a Securities Purchase Agreement in the form of Exhibit 99.1 to this Current Report on Form 8-K (the “Purchase Agreement”), with each of the investors listed on the Schedule of Buyers attached thereto (collectively, the “Buyers”), pursuant to which the Company will agree to issue and sell, in a registered offering by the Company directly to the Buyers (the “…
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