Prairie Operating Co. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
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Item 5.07 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:
Proposal 1: To approve, pursuant to Nasdaq Rule 5635, the issuance of shares of the Company’s Common Stock upon the conversion of or otherwise pursuant to the terms of the Series F Preferred Stock, issued pursuant to 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)”)
| For | Against | Abstain | ||||||
| 18,179,528 | 223,642 | 8,997 | ||||||
Proposal 2: To approve, pursuant to Nasdaq Rule 5635, the issuance of shares of the Common Stock upon the exercise of the Warrants to purchase the 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 | ||||||
Proposal 3: To approve 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
| 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: May 9, 2025 | PRAIRIE OPERATING CO. | |
| By: | /s/ Daniel T. Sweeney | |
| Name: | Daniel T. Sweeney | |
| Title: | Executive Vice President, General Counsel and Corporate Secretary | |