Each one in plain English, with the numbers worked through for a shareholder.
10 Aug 2026security holder rights change▼ BadMajor
Prairie and High Trail moved the Series F anniversary warrant issuance date from August 7 to August 14, 2026, the third delay. The trigger date for the previously agreed Second Penny Warrant (3 million shares at $0.01) moved to August 14 as well.
Prairie Operating Co. Executive Vice President & CFO Shelly Michael James received 840,000 shares and a 560,000-share option grant as part of the equity award.
Nasdaq notified Prairie that its stock has traded below the $1.00 minimum bid price for 30 straight days, risking delisting; the company has until December 2026 to regain compliance, with automatic delisting if shares ever fall to $0.10 -- confirming the stock's steep decline amid the preferred-stock overhang.
Prairie Operating Co. Chief Executive Officer Patton Gregory Scott received 425,000 shares and a 425,000-share option grant as part of the equity award.
11 June 2026security holder rights change▼ BadMajor
Prairie's lenders tightened covenants and reporting requirements on its Citibank credit facility while reaffirming the $475 million borrowing base, and the company let Series F Preferred holder Hudson Bay ("High Trail") convert its remaining stake into up to 21.2 million common shares -- heavy dilution -- while again delaying the anniversary warrant date and cutting its payout formula, signs of an ongoing, worsening negotiation over the distressed preferred stock.
At the June 3, 2026 annual meeting, stockholders elected four directors, including Richard Frommer, and ratified Deloitte & Touche LLP as auditor for 2026.
Prairie reported first-quarter 2026 revenue of $83.4 million and a net loss attributable to common stockholders of $174.4 million, or $2.16 per share. Adjusted EBITDA was $37.2 million.
Prairie filed additional proxy materials (DEFA14A) for its upcoming annual meeting. The meeting's business was the election of directors and ratification of the auditor.
Repurchased 13,727 shares of its Series F Convertible Preferred Stock from Hudson Bay PH XIX LLC ('High Trail') for about $19.0 million cash plus stock for accrued dividends -- a de-risking move to shrink the increasingly troublesome Series F preferred overhang already flagged as an active financial-distress watch item.
Prairie amended and restated its Series F agreement again, moving the anniversary warrant issuance date from April 7 to April 9, 2026. The $3 million payment to the buyers was moved to April 9 and could be waived by them.
Prairie reported full-year 2025 results: revenue of $241.6 million, up about 3,000% year over year, and a net loss to common stockholders of $60.9 million. Adjusted EBITDA was a record $155.5 million.