8-K
Prairie Operating Co. (PROP)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d)
of
the Securities Exchange Act of 1934
Dateof Report (Date of earliest event reported): May 8, 2025
PrairieOperating Co.
(Exactname of registrant as specified in its charter)
| Delaware | 001-41895 | 98-0357690 |
|---|---|---|
| (State or other jurisdiction<br><br> <br>of incorporation) | (Commission<br><br> <br>File Number) | (IRS Employer<br><br> <br>Identification No.) |
| 55 Waugh Drive | **** | |
| --- | --- | |
| Suite 400 | **** | |
| Houston, TX | 77007 | |
| (Address of principal executive offices) | (Zip Code) |
(713)424-4247
(Registrant’stelephone number, including area code)
NotApplicable
(Formername or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ☐ | Written<br> communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement<br> communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title<br> of each class | Trading<br> Symbol(s) | Name<br> of each exchange on which registered |
|---|---|---|
| Common<br> Stock, par value $0.01 per share | PROP | The<br> Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item5.07 Submission of Matters to a Vote of Security Holders
On May 8, 2025, Prairie Operating Co. (the “Company”) held a special meeting of stockholders (the “Meeting”). At the Meeting, the Company’s stockholders (1) approved, pursuant to Nasdaq Rule 5635, the issuance of shares of the Company’s common stock, $0.01 par value per share (“Common Stock”) upon the conversion of or otherwise pursuant to the terms of the Series F Convertible Preferred Stock, $0.01 par value per share (“Series F Preferred Stock”), issued pursuant to the Securities Purchase Agreement dated March 24, 2025 by and among the Company and each of the investors listed on the Schedule of Buyers attached thereto (collectively, the “Buyer”) (the “Securities Purchase Agreement”) and the corresponding Certificate of Designation of Preferences, Rights and Limitations of Series F Convertible Preferred Stock (the “Nasdaq Stock Issuance Proposal (Preferred Stock)”); (2) approved, pursuant to Nasdaq Rule 5635, the issuance of shares of the Common Stock upon the exercise of the warrants (the “Warrants”) to purchase the Common Stock, issuable pursuant to the Securities Purchase Agreement (the “Nasdaq Stock Issuance Proposal (Warrants)”); and (3) approved a proposal to adjourn the Meeting to a later date or dates, if necessary or appropriate, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, one or more of the other proposals to be voted on at the Meeting.
A total of 18,412,167 shares of Common Stock of the Company attended the Meeting by proxy or in person, representing 68.28% of the Company’s outstanding Common Stock entitled to vote as of March 24, 2025, the record date of the Meeting. The results of the voting were as follows:
Proposal1: To approve, pursuant to Nasdaq Rule 5635, the issuance of shares of the Company’s Common Stock upon the conversion of or otherwisepursuant to the terms of the Series F Preferred Stock, issued pursuant to the Securities Purchase Agreement and the corresponding Certificateof Designation of Preferences, Rights and Limitations of Series F Convertible Preferred Stock (the “Nasdaq Stock Issuance Proposal(Preferred Stock)”)
| For | Against | Abstain | ||
|---|---|---|---|---|
| 18,179,528 | 223,642 | 8,997 |
Proposal2: To approve, pursuant to Nasdaq Rule 5635, the issuance of shares of the Common Stock upon the exercise of the Warrants to purchasethe Common Stock, issuable pursuant to the Securities Purchase Agreement (the “Nasdaq Stock Issuance Proposal (Warrants)”)
| For | Against | Abstain | ||
|---|---|---|---|---|
| 18,180,450 | 223,311 | 8,406 |
Proposal3: To approve a proposal to adjourn the Meeting to a later date or dates, if necessary or appropriate, to permit further solicitationand vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, one or more of the other proposalsto be voted on at the Meeting
| For | Against | Abstain | ||
|---|---|---|---|---|
| 18,171,541 | 221,780 | 18,846 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated:<br> May 9, 2025 | PRAIRIE OPERATING CO. | |
|---|---|---|
| By: | /s/ Daniel T. Sweeney | |
| Name: | Daniel<br> T. Sweeney | |
| Title: | Executive<br> Vice President, General Counsel<br><br> <br>and<br> Corporate Secretary |