Prairie Operating (PROP) Announces $35M Public Offering of Common Stock

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Go back to Prairie Operating (PROP) Announces $35M Public Offering of Common Stock

Prairie Operating Co. Announces Public Offering of Common Stock

March 24, 2025 4:04 PM EDT

HOUSTON, March 24, 2025 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Prairie, the Company, we, or our) (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 $35.00 million (the Common Stock Offering) 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 $5.25 million of additional shares of Common Stock.

In addition, the Company also announced today... More