Prairie Operating Stock Plunges 17.06% on Capital Raising Moves

On March 25, 2025, Prairie Operating's stock experienced a significant drop of 17.06% in pre-market trading, reflecting a notable decline in investor sentiment.

Prairie Operating Co. recently announced the pricing of a $38.5 million underwritten public offering of common stock at $4.50 per share. This move is part of the company's strategy to raise capital for its oil assets, which could potentially impact its stock performance in the coming days.

The company has also announced a registered direct offering of Series F Convertible Preferred Stock and Warrants to Purchase Common Stock. This additional offering provides investors with more options, which could influence market dynamics and investor confidence.

Furthermore, Prairie Operating has granted underwriters a 30-day option to purchase up to an aggregate value of $5.25 million of additional shares of common stock. This provision allows for flexibility in the offering, potentially affecting the stock's supply and demand balance.