PROP · Prairie Operating Co.

Prairie Operating Co. has executed an amendment to its existing securities purchase agreement, primarily adjusting timing and payment obligations related to previously issued preferred stock and associated warrants. The amendment delays the warrant issuance date by two days to April 9, 2026 and introduces a conditional $3 million payment obligation on that same date, which investors may waive at their discretion. The warrant issuance itself remains contingent on two conditions: that preferred stock remains outstanding and that the company's stock price has traded below 115% of the conversion price during the preceding 20 trading days. This amendment represents a refinement of existing financing arrangements rather than new capital raising, with the company reaffirming all existing obligations under the original transaction documents. The requirement for immediate public disclosure and expense reimbursement provisions are standard in such amendments, ensuring transparency and protecting investor interests.