Financing ·
Prairie Operating Co. entered into a Third Amendment to its Amended & Restated Credit Agreement on August 14, 2026…
PROPPrairie Operating Co.
Prairie Operating Co. entered into a Third Amendment to its Amended & Restated Credit Agreement on August 14, 2026, effective June 30, 2026. The amendment relaxes the Current Ratio covenant for fiscal quarters ending June 30, September 30, and December 31, 2026, to 0.50:1.00, 0.40:1.00, and 0.60:1.00, respectively, while introducing a new minimum hydrocarbon production threshold tested on August 31, 2026. Additionally, the company executed a letter agreement with Hudson Bay PH XIX LLC to extend warrant issuance dates from August 14 to August 31, 2026, and granted a limited waiver of certain Current Ratio maintenance obligations for Series F Convertible Preferred Stock through December 31, 2026. Prairie Operating Co. operates in the oil and gas exploration and production industry.