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Prairie Operating Co ( (PROP) ) just unveiled an announcement.
On June 20, 2025, Prairie Operating Co. entered into an Equity Distribution Agreement with Citigroup Global Markets Inc. and Truist Securities, Inc., allowing the company to sell up to $75 million worth of its common stock. This agreement provides flexibility in raising capital for general corporate purposes, including development programs, debt repayment, or acquisitions. However, there is no obligation to sell shares, and the offering will terminate upon the sale of all shares or termination of the agreement. The managers are entitled to a commission and the company has indemnified them against certain liabilities.
The most recent analyst rating on (PROP) stock is a Buy with a $9.00 price target. To see the full list of analyst forecasts on Prairie Operating Co stock, see the PROP Stock Forecast page.
More about Prairie Operating Co
Average Trading Volume: 737,315
Technical Sentiment Signal: Sell
Current Market Cap: $174M
See more data about PROP stock on TipRanks’ Stock Analysis page.