Prairie Operating (PROP) Announces $200M Share Offering

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Go back to Prairie Operating (PROP) Announces $200M Share Offering

Prairie Operating Co. Announces Public Offering of Common Stock

February 7, 2025 6:30 AM EST

HOUSTON, Texas, Feb. 07, 2025 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Prairie or the Company) (Nasdaq: PROP), an independent oil and gas company focused on the acquisition and development of crude oil, natural gas and natural gas liquids, announced today that it has commenced an underwritten public offering of $200 million of shares of its common stock, par value $0.01 (common stock). The Company expects to grant the underwriters a 30-day option to purchase up to an aggregate value of $30 million of additional shares of the Companys common stock.

The Company intends to use the net proceeds... More