Prairie Operating Co. Amends Warrant Issuance Date (Aug 7 → Aug 14, 2026)

What Happened

• On August 7, 2026, Prairie Operating Co. entered into a letter agreement with Hudson Bay PH XIX LLC (called “High Trail”) amending the parties’ Securities Purchase Agreement (originally dated March 24, 2025). The amendment moves the Anniversary Warrant issuance date from August 7, 2026 to August 14, 2026 and updates corresponding language in the form of the Anniversary Warrant.
• The letter agreement also extends a prior agreement to delay the issuance date of a separate warrant (the “Second Penny Warrant”). If the Anniversary Warrants are not issued to High Trail on August 14, 2026, the Company will instead issue a Second Penny Warrant exercisable for 3,000,000 shares at $0.01 per share (subject to adjustment).

Key Details

• Letter Agreement date: August 7, 2026.
• Purchase Agreement originally dated: March 24, 2025.
• New Anniversary Warrant issuance date: August 14, 2026 (was August 7, 2026).
• Second Penny Warrant: option to buy 3,000,000 common shares at $0.01 per share (adjustable); issuable if Anniversary Warrants are not issued on Aug 14.
• Filing includes the Letter Agreement as Exhibit 10.1 to the Form 8-K.

Why It Matters

• This filing is procedural but important for shareholders because it alters the timing (by one week) when potentially dilutive warrants may be issued. The Second Penny Warrant, if issued, would allow purchase of 3,000,000 shares at a nominal price, which could materially affect share count and dilution when exercised.
• The amendment does not report new financing or cash proceeds; it simply shifts dates and preserves the fallback warrant issuance mechanism. Investors should watch for any subsequent filings confirming whether the Anniversary Warrants were issued or whether the Second Penny Warrant is issued on or after August 14, 2026.