Prairie Operating (PROP) Receives $24M from Warrant Exercise

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Go back to Prairie Operating (PROP) Receives $24M from Warrant Exercise

Prairie Operating Co. Announces Warrant Exercise Resulting in $24 Million of Proceeds

August 19, 2024 7:30 AM EDT

HOUSTON, Texas, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the Company or Prairie) today announced that Watermill Capital Partners and its affiliates exercised Series E B Warrants (the Warrants) to purchase 4,000,000 shares of common stock of the Company, generating $24 million in proceeds.

This exercise follows Watermill Capital Partners $12 million warrant exercise in November 2023, highlighting their continued confidence and support for Prairies growth strategy.  With the exercise of these Warrants, all Series E B Warrants have now been fully exercised. Additionally, all of the Companys Series E preferred... More