IPO - Prairie Operating Co.

Form Type: 424B5

Filing Date: 2025-06-20

Corporate Action: Ipo

Type: New

Accession Number: 000164117225015895

Filing Summary: Prairie Operating Co. is offering up to $75,000,000 of common stock pursuant to an equity distribution agreement with Citigroup Global Markets Inc. and Truist Securities, Inc. The common stock is being sold through 'at the market offerings' in compliance with Rule 415 of the Securities Act. Sales will occur at market prices or prices related to prevailing market prices at the time of the sale. The net proceeds are intended for general corporate purposes including advancing the development and drilling program and may be used to repay existing debts or finance potential acquisitions. The company emphasizes the inherent risks of investment, including stock price volatility which has been significant in the past year, with a 12-month trading range of $3.35 to $12.30 per share. Prairie Operating Co. is classified as a smaller reporting company, which allows for reduced disclosure obligations. The common stock is traded on NASDAQ under the symbol 'PROP.'