Prairie Operating repurchases $19M preferred stock, issues 4M penny warrants to Hudson Bay

Filed April 9, 2026 · Period ending April 8, 2026 · ~1 min read

Key Changes

• high

  Issued warrant for 4 million common shares at $0.01 exercise price to Hudson Bay, immediately exercisable. Additional 3M-share warrant may be issued if Anniversary Warrants aren't delivered by July 8. Represents significant dilution at nominal price.

  Item 1.01 verify on EDGAR →
• high

  Repurchased 13,727 shares of Series F Preferred Stock from Hudson Bay for $19M cash plus accrued dividends (paid in common stock). Reduces preferred obligations and dividend burden but depletes cash reserves.

  Item 1.01 verify on EDGAR →
• medium

  Hudson Bay granted 35% participation rights on all equity offerings for next 18 months, allowing investor to maintain or increase ownership stake in future capital raises.

  Item 1.01 verify on EDGAR →