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- Delisting (new) — Company received formal Nasdaq deficiency notice for failing to maintain $1.00 minimum bid price for 30 consecutive days, with compliance deadline December 29, 2026.
Prairie Operating Q2 2026: Revenue +45% to $98.9M, net income +206% to $109M on production growth
Filed August 14, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 12, 2025 · ~1 min read
Key Changes
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high
Received Nasdaq deficiency notice July 2, 2026 for failing to maintain $1.00 minimum bid price for 30 consecutive days; must regain compliance by December 29, 2026 or face potential delisting.
Risk Factors verify on EDGAR → -
high
Working capital deficit nearly doubled to $125.5M from $64.2M YoY; cash fell to near-zero from $10.7M; credit facility borrowings rose to $436M, leaving only $39M availability vs. $88M prior year.
MD&A: Liquidity verify on EDGAR → -
high
Amended credit facility to relax current ratio covenant from 1.00 to 0.50 for Q2-Q4 2026 and added new production-floor covenant (rolling three-month average) starting September 2026.
Notes: Debt view on EDGAR →
1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 17, 2026 · How we verify