{"filing":{"accession_number":"0001140361-26-024881","cik":"0001162896","ticker":"PROP","company_name":"Prairie Operating Co.","form":"8-K","filing_date":"2026-06-11","report_date":null,"primary_document":"ef20075766_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1162896/000114036126024881/ef20075766_8k.htm"},"events":[{"id":5314,"run_id":4657,"accession_number":"0001140361-26-024881","anchor_item_number":"1.01","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.72,"summary":"Prairie Operating Co. entered into two material definitive agreements on June 10, 2026: a Second Amendment to its credit facility reaffirming a $475 million borrowing base with modified covenants and redetermination procedures, and a Letter Agreement with Hudson Bay PH XIX LLC permitting conversion of Series F Preferred Stock into up to 21.2 million additional common shares with adjusted warrant issuance percentages. These agreements represent material changes to the company's capital structure, financial obligations, and shareholder dilution.","company_name":"Prairie Operating Co.","ticker":"PROP","filing_date":"2026-06-11","form":"8-K","submitted_at":null,"items":[{"id":6095,"accession_number":"0001140361-26-024881","item_number":"1.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.72,"reasoning":"The filing discloses two material definitive agreements entered into on June 10, 2026: (1) a Second Amendment to the credit facility that reaffirms a $475 million borrowing base and modifies covenants and redetermination procedures, and (2) a Letter Agreement with Hudson Bay PH XIX LLC permitting conversion of Series F Preferred Stock into up to 21.2 million additional common shares and reducing warrant issuance percentages. While the credit amendment is primarily a covenant modification, the preferred stock conversion agreement represents a material change in capital structure and dilution to existing shareholders. The combination of these agreements, particularly the significant equity conversion and warrant adjustment, constitutes material M\u0026A-adjacent activity affecting the company's financial obligations and capitalization.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-11T12:01:21.589907+00:00","company_name":"","ticker":null,"filing_date":""},{"id":6096,"accession_number":"0001140361-26-024881","item_number":"2.03","item_title":null,"event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.45,"reasoning":"Item 2.03 discloses creation of a direct financial obligation or off-balance sheet arrangement, but the actual substance is incorporated by reference from Item 1.01 (a Material Agreements amendment). Without the full Item 1.01 text, the specific nature of the obligation cannot be determined—it could relate to debt, lease arrangements, guarantees, or other financial commitments. The materiality and event classification depend on whether this is a covenant breach, debt issuance, or other arrangement, making \"other_material\" the most defensible classification pending visibility of Item 1.01.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-11T12:01:21.589907+00:00","company_name":"","ticker":null,"filing_date":""},{"id":6097,"accession_number":"0001140361-26-024881","item_number":"3.03","item_title":null,"event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.45,"reasoning":"Item 3.03 discloses a material modification to security holder rights via a Letter Agreement referenced in Item 1.01. Without access to the Item 1.01 content, the specific nature of the modification cannot be determined. The modification is material by definition (Item 3.03 requires disclosure), but the event type cannot be confidently mapped to a more specific category without knowing whether it involves M\u0026A activity, dilutive issuance, covenant terms, or another substantive change.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-11T12:01:21.589907+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":6095,"accession_number":"0001140361-26-024881","item_number":"1.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.72,"reasoning":"The filing discloses two material definitive agreements entered into on June 10, 2026: (1) a Second Amendment to the credit facility that reaffirms a $475 million borrowing base and modifies covenants and redetermination procedures, and (2) a Letter Agreement with Hudson Bay PH XIX LLC permitting conversion of Series F Preferred Stock into up to 21.2 million additional common shares and reducing warrant issuance percentages. While the credit amendment is primarily a covenant modification, the preferred stock conversion agreement represents a material change in capital structure and dilution to existing shareholders. The combination of these agreements, particularly the significant equity conversion and warrant adjustment, constitutes material M\u0026A-adjacent activity affecting the company's financial obligations and capitalization.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-11T12:01:21.589907+00:00","company_name":"Prairie Operating Co.","ticker":"PROP","filing_date":"2026-06-11"},{"id":6096,"accession_number":"0001140361-26-024881","item_number":"2.03","item_title":null,"event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.45,"reasoning":"Item 2.03 discloses creation of a direct financial obligation or off-balance sheet arrangement, but the actual substance is incorporated by reference from Item 1.01 (a Material Agreements amendment). Without the full Item 1.01 text, the specific nature of the obligation cannot be determined—it could relate to debt, lease arrangements, guarantees, or other financial commitments. The materiality and event classification depend on whether this is a covenant breach, debt issuance, or other arrangement, making \"other_material\" the most defensible classification pending visibility of Item 1.01.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-11T12:01:21.589907+00:00","company_name":"Prairie Operating Co.","ticker":"PROP","filing_date":"2026-06-11"},{"id":6097,"accession_number":"0001140361-26-024881","item_number":"3.03","item_title":null,"event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.45,"reasoning":"Item 3.03 discloses a material modification to security holder rights via a Letter Agreement referenced in Item 1.01. Without access to the Item 1.01 content, the specific nature of the modification cannot be determined. The modification is material by definition (Item 3.03 requires disclosure), but the event type cannot be confidently mapped to a more specific category without knowing whether it involves M\u0026A activity, dilutive issuance, covenant terms, or another substantive change.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-11T12:01:21.589907+00:00","company_name":"Prairie Operating Co.","ticker":"PROP","filing_date":"2026-06-11"}]}