Short answer
Prairie Operating Co. (PROP) filed an 8-K current report with the SEC on April 9, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 3.02 (Unregistered Sales of Equity Securities). $18,999,047.64 cash repurchase of 13,727 Series F preferred shares, plus accrued dividends paid in common stock.
Prairie Operating Co. 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- $18,999,047.64 cash repurchase of 13,727 Series F preferred shares, plus accrued dividends paid in common stock
- High Trail receives immediately exercisable warrant for 4,000,000 shares at $0.01 per share, creating substantial potential dilution
- Additional 3,000,000-share $0.01 warrant due July 8, 2026 if Anniversary Warrants remain unissued
- Anniversary Warrant issuance delayed to July 8, 2026, with coverage reduced from 125% to 75% of stated value
- Company waives previously announced $3.0 million cash extension fee, but grants High Trail registration rights and participation in up to 35% of future offerings
Other items in this filing:
- Item 3.02: Unregistered Sales of Equity Securities
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
Other Prairie Operating Co. 8-K filings
Get the next PROP 8-K as it lands
Follow PROP for push alerts, or ask the research agent what this filing means.