Prairie Operating Co. Enters Material Definitive Agreement
Ticker: PROP · Form: 8-K · Filed: 2026-04-07T08:30:16-04:00
Sentiment: neutral
Topics: material-agreement, oil-gas, 8-k
TL;DR
Prairie Operating Co. just signed a big deal, filing an 8-K today.
AI Summary
On April 6, 2026, Prairie Operating Co. entered into a material definitive agreement. The filing includes an 8-K report and exhibits, specifically Exhibit 10.1, detailing the agreement. The company is involved in Crude Petroleum & Natural Gas extraction.
Why It Matters
This filing indicates a significant new contract or partnership for Prairie Operating Co., which could impact its future operations and financial performance in the oil and gas sector.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements can introduce new risks and opportunities, the specifics of which are not detailed in this summary filing.
Key Players & Entities
- Prairie Operating Co. (company) — Filer of the 8-K report
- April 6, 2026 (date) — Period of report and date of material definitive agreement
- EX-10.1 (document) — Exhibit detailing the material definitive agreement
FAQ
What type of material definitive agreement did Prairie Operating Co. enter into?
The filing does not specify the exact nature of the material definitive agreement, only that one was entered into on April 6, 2026, and is detailed in Exhibit 10.1.
When was the 8-K filing accepted by the SEC?
The 8-K filing was accepted on April 7, 2026, at 08:30:16.
What is Prairie Operating Co.'s primary business activity?
Prairie Operating Co. is primarily involved in Crude Petroleum & Natural Gas extraction, as indicated by its SIC code 1311.
Where is Prairie Operating Co. located?
Prairie Operating Co.'s mailing and business address is 55 Waugh Drive, Suite 400, Houston, TX 77007.
What are the key items reported in this 8-K filing?
The key items reported are Item 1.01 (Entry into a Material Definitive Agreement) and Item 9.01 (Financial Statements and Exhibits).
Filing Stats: 813 words · 3 min read · ~3 pages · Grade level 13.3 · Accepted 2026-04-07 08:30:16
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share PROP The Nasdaq Stock Mar
- $1,000 — eferred Stock"), with a stated value of $1,000 per share, subject to adjustment (the "
- $3 million — the Buyers an aggregate amount equal to $3 million on April 9, 2026 unless the obligation
Filing Documents
- ef20069987_8k.htm (8-K) — 29KB
- ef20069987_ex10-1.htm (EX-10.1) — 26KB
- 0001140361-26-013492.txt ( ) — 188KB
- prop-20260406.xsd (EX-101.SCH) — 4KB
- prop-20260406_lab.xml (EX-101.LAB) — 21KB
- prop-20260406_pre.xml (EX-101.PRE) — 16KB
- ef20069987_8k_htm.xml (XML) — 4KB
01
Item 1.01 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 (i) sold to the Buyers 148,250 shares (the "Preferred Shares") of the Company's Series F Preferred Stock, $0.01 par value per share ("Series F Preferred Stock"), with a stated value of $1,000 per share, subject to adjustment (the "Stated Value"), and (ii) agreed to issue to the Buyers on April 7, 2026, subject to the satisfaction of certain conditions, warrants to purchase a number of shares of the Company's common stock, $0.01 par value per share ("Common Stock"), equal to the quotient of (1) 125% of the Stated Value of all Series F Preferred Stock held by such holder on the original issuance date, divided by (2) the average of the 10 daily volume-weighted average per share trading prices of the Common Stock during the 10 trading days prior to the original issuance date. On April 6, 2026, the Company and the Buyers entered into an Amendment and Restatement of Amendment to Securities Purchase Agreement and Form of Anniversary Warrant (the "Amendment"). Among other things, the Amendment amends and restates the Original Amendment to (i) amend Section 4(w) of the Purchase Agreement to change the "Anniversary Warrant Issuance Date" from April 7, 2026 to April 9, 2026; and (ii) amend certain footnotes in the Form of Anniversary Warrant attached as Exhibit B to the Purchase Agreement to replace certain references to April 7, 2026 with references to April 9, 2026; and (iii) provide that the Company shall pay to the Buyers an aggregate amount equal to $3 million on April
01
Item 9.01
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. 10.1 Amendment and Restatement of Amendment to Securities Purchase Agreement and Form of Anniversary Warrant, dated April 6, 2026, by and among Prairie Operating Co. and each of the investors listed on the Schedule of Buyers attached to the Purchase Agreement. 104 Cover Page Interactive Data File-formatted as Inline XBRL.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: April 7, 2026 Prairie Operating Co. By: /s/ Daniel T. Sweeney Name: Daniel T. Sweeney Title: Executive Vice President, General Counsel and Corporate Secretary