Prairie Operating reduces potential warrant dilution through preferred stock agreement
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Prairie Operating Co. Announces Agreement with Series F Convertible Preferred Holder
April 9, 2026 8:30 AM EDTHouston, TX, April 09, 2026 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the Company, Prairie, we, our, or us) an independent energy company engaged in the development and acquisition of oil, natural gas, and natural gas liquids resources in the Denver-Julesburg (DJ) Basin today announced that it has entered into an agreement with the holder of its Series F Convertible Preferred Stock, providing a path to eliminate any potential dilution associated with the related Anniversary Warrants of the Series F Preferred Stock (the Anniversary Warrants).
Key terms of the agreement include:
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