Prairie Operating Co. Secures Funding and Expands Portfolio

Prairie Operating Co ( (PROP) ) just unveiled an announcement.

Prairie Operating Co. has struck a Standby Equity Purchase Agreement with YA II PN, LTD., enabling them to sell up to $40.0 million in common stock to the investor upon request until the end of September 2026. Shares will be sold at a slight discount, limited by trading volume restrictions and ownership caps to prevent the investor from exceeding a 4.99% stake or a 19.99% cumulative share post-agreement. The company also secured a $15.0 million advance and issued a convertible note, guaranteed by its subsidiaries. Additionally, they have completed a securities purchase agreement to sell over 1.8 million shares to an investor at $8.21 per share. These financial maneuvers are part of their broader strategy, including the acquisition of Nickel Road Operating LLC’s assets for $49.6 million, funded through this equity arrangement and other sources.

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