Each one in plain English, with the numbers worked through for a shareholder.
10 Aug 2026security holder rights change▼ BadMajor
Prairie delayed the Series F anniversary warrant date yet again (a third time) and added a new penalty mechanism -- a "Second Penny Warrant" for 3 million shares at $0.01 each -- that triggers if the warrants still aren't issued by the new date, underscoring the continuing standoff with its preferred-stock holder.
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.
Prairie Operating Co. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
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 pushed the Series F warrant issuance date back again, by two more days, paying another $3 million fee -- the second consecutive delay in as many weeks.