Prairie Operating Co. (PROP) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
PROP currently has 97.7M outstanding shares. with significant dilution risk as 82.4M authorized shares could dilute existing holders by 84.3%. The company has significantly diluted shareholders by 280.45% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 14, 2026 |
10-Q filing | 97.7M shares outstanding |
98M | 82M |
| Apr 09, 2026 |
8-K filing: Prairie Operating Co. repurchased 13,727 shares of its Series F Convertible Preferred Stock from High Trail for $18,999,047.64 and issued a warrant to purchase 4,000,000 shares of Common Stock at an exercise price of $0.01 per share. ($19.0M proceeds) |
50M | 130M |
| Apr 07, 2026 |
8-K filing: Prairie Operating Co. sold 148,250 shares of Series F Preferred Stock to Buyers and agreed to issue warrants to purchase Common Stock on April 7, 2026, later amended to April 9, 2026. |
50M | 130M |
| Mar 25, 2026 |
8-K filing: Prairie Operating Co. amended a Securities Purchase Agreement to change the Anniversary Warrant Issuance Date to April 7, 2026, and agreed to pay the Buyers an aggregate amount of $3 million on April 6, 2026, unless waived. |
50M | 130M |
| Aug 12, 2025 |
10-Q filing | 50.3M shares outstanding |
50M | 130M |
| May 15, 2025 |
10-Q filing | 43.8M shares outstanding |
44M | 140M |
| Apr 22, 2025 |
S-3 filing: Prairie Operating Co. files an S-3 form to offer and sell common stock and preferred stock, with an aggregate initial offering price of common stock not to exceed $500,000,000. |
27M | 150M |
| Mar 26, 2025 |
8-K filing: Prairie Operating Co. entered into a Securities Purchase Agreement to issue and sell 148,250 shares of Series F Preferred Stock and warrants to purchase Common Stock, closing the preferred offering on March 26, 2025, with net proceeds of approximately $139.1 million, and also closed a concurrent common stock offering of 8,555,555 shares at $4.50 per share, with the underwriters exercising an option for an additional 1,181,349 shares. ($139.1M proceeds) |
27M | 29M |
| Mar 24, 2025 |
8-K filing: Prairie Operating Co. expects to enter into a Securities Purchase Agreement to issue and sell 150,000 shares of Series F Preferred Stock and warrants to purchase common stock, with net proceeds of approximately $140.8 million, and also references a concurrent offering of $35.0 million of common stock. ($150.0M proceeds) |
27M | 29M |
| Mar 17, 2025 |
8-K filing: Prairie Operating Co. amended its Purchase and Sale Agreement with Bayswater Resources LLC, extending the termination date to March 20, 2025, and setting the equity consideration issuable to Bayswater E&P at $16.0 million, not to exceed 5,249,639 shares. ($16.0M proceeds) |
27M | 29M |
| Mar 06, 2025 |
10-K filing | 26.9M shares outstanding |
27M | 29M |
| Feb 07, 2025 |
8-K filing: Prairie Operating Co. entered into a Purchase and Sale Agreement with Bayswater Resources, LLC to acquire certain oil and gas assets for $602.75 million, payable in cash and up to 5,249,639 shares of Prairie's common stock. |
23M | 33M |
| Dec 10, 2024 |
S-3/A filing: Prairie Operating Co. files an S-3/A form to offer and sell common stock and preferred stock from time to time, with an aggregate initial offering price of common stock not exceeding $250,000,000. |
23M | 33M |
| Nov 22, 2024 |
S-3/A filing: Prairie Operating Co. files an S-3/A form, potentially offering common stock and preferred stock with an aggregate initial offering price not exceeding $250,000,000. |
23M | 33M |
| Nov 08, 2024 |
10-Q filing | 22.9M shares outstanding |
23M | 2.7M |
| Oct 18, 2024 |
S-3 filing: Prairie Operating Co. files an S-3 form to offer and sell common stock and preferred stock from time to time, with an aggregate initial offering price of common stock not to exceed $150,000,000. |
12M | 14M |
| Oct 04, 2024 |
RW filing: The company has determined not to pursue the offering to which the Registration Statement relates at this time and has withdrawn the registration statement. |
12M | 14M |
| Oct 04, 2024 |
8-K filing: Prairie Operating Co. entered into a Standby Equity Purchase Agreement with YA II PN, LTD., a subordinated promissory note with First Idea Ventures LLC and The Hideaway Entertainment LLC, and a non-compensatory option purchase agreement with BOKA Energy LP, Rose Hill Holdings Limited, Anchorman Holdings Inc., and Blackstem Forest, LLC. |
12M | 14M |
| Aug 20, 2024 |
8-K filing: Prairie Operating Co. entered into an agreement to amend an asset purchase agreement, modify preferred stock terms, and completed a warrant exercise and stock conversion for proceeds of $24 million. ($24.0M proceeds) |
12M | 14M |
| Aug 09, 2024 |
10-Q filing | 12.0M shares outstanding |
12M | 14M |
| May 13, 2024 |
10-Q filing | 12.2M shares outstanding |
12M | 13M |
| Apr 09, 2024 |
S-1/A filing: Prairie Operating Co. is offering shares of its common stock. The intended use of proceeds is to finance the NRO Acquisition and for general corporate purposes. |
10M | 16M |
| Mar 20, 2024 |
S-1/A filing: Prairie Operating Co. is offering shares of its common stock. The closing price of the common stock on March 15, 2024, was $11.18. The company intends to use the net proceeds from this offering to finance the NRO Acquisition and the remainder for general corporate purposes. |
10M | 16M |
| Mar 19, 2024 |
10-K filing | 10.0M shares outstanding |
10M | 16M |
| Feb 09, 2024 |
S-1 filing: Prairie Operating Co. is offering shares of its common stock. |
7.5M | 18M |
| Dec 05, 2023 |
S-1/A filing: This S-1/A filing from Prairie Operating Co. relates to the resale of up to 24,286,304 shares of common stock by selling stockholders, including shares issuable upon conversion of preferred stock and exercise of warrants. |
7.5M | 18M |
| Nov 20, 2023 |
S-1/A filing: This S-1/A filing relates to the resale of up to 24,286,304 shares of common stock by selling stockholders. |
7.5M | 18M |
| Nov 14, 2023 |
10-Q filing | 7.5M shares outstanding |
7.5M | 18M |
| Nov 06, 2023 |
S-1/A filing: This S-1/A filing registers the resale of up to 24,286,304 shares of common stock by selling stockholders, including shares issuable upon conversion of preferred stock and exercise of warrants. |
7.1M | 19M |
| Oct 24, 2023 |
S-1/A filing: This S-1/A filing relates to the resale from time to time by the Selling Stockholders of up to an aggregate of 24,286,304 shares of common stock. |
7.1M | 19M |
| Oct 16, 2023 |
8-K filing: Prairie Operating Co. issued 11,447,619 shares of its common stock upon conversion of convertible debentures and payment of accrued interest. ($0.01M proceeds) |
180M | 0 |
| Oct 16, 2023 |
Stock Split
8-K filing: Stock split 1-for-28.5714286 | Outstanding: 175,961,698 → 7,074,668 |
7.1M | 15M |
| Sep 05, 2023 |
8-K filing: Prairie Operating Co. entered into an option purchase agreement with Gary C. Hanna, Edward Kovalik, Bristol Capital, LLC, and Georgina Asset Management, LLC, for the sale of options to acquire 200,000 shares of the company's common stock at $0.25 per share, with the transaction closing on August 30, 2023. ($0.0M proceeds) |
180M | 460M |
| Sep 05, 2023 |
S-1/A filing: This S-1/A filing registers the resale of up to 299,343,937 shares of common stock by selling stockholders, including shares issuable upon conversion of preferred stock and exercise of warrants. |
180M | 460M |
| Aug 25, 2023 |
S-1/A filing: This S-1/A filing relates to the resale from time to time by the Selling Stockholders of up to an aggregate of 299,343,937 shares of common stock of Prairie Operating Co. |
180M | 160M |
| Aug 17, 2023 |
8-K filing: The company completed a private placement (PIPE Transaction) on August 15, 2023, selling 1,131,856 shares of Common Stock, 20,000 shares of Series E Preferred Stock convertible into shares of Common Stock at a price of $0.175 per share, Series A warrants to purchase 1,131,856 shares of Common Stock and Series B warrants to purchase 1,131,856 shares of Common Stock to Narrogal Nominees Pty Ltd ATF Gregory K O'Neill Family Trust. ($40.0M proceeds) |
180M | 160M |
| Aug 14, 2023 |
10-Q filing | 176.0M shares outstanding |
180M | 160M |
| Jul 27, 2023 |
S-1/A filing: This prospectus relates to the resale from time to time by the Selling Stockholders named in this prospectus of up to an aggregate of 299,343,937 shares of common stock of Prairie Operating Co. |
170M | 170M |
| Jun 16, 2023 |
S-1 filing: This is an S-1 filing for the resale of up to 1,465,363 shares of common stock, up to 99,292,858 shares of common stock issuable upon conversion of Series D preferred stock, and up to 198,585,716 shares of common stock issuable upon exercise of warrants by selling stockholders. |
170M | 170M |
| May 15, 2023 |
10-Q filing | 167.8M shares outstanding |
170M | 0 |
| May 09, 2023 |
8-K filing: The company issued shares of common stock and Series D preferred stock to Bristol Investment and Barlock in exchange for their Original Debentures, and also issued common stock to American Natural Energy Corporation for $165,000. ($0.17M proceeds) |
12M | 25M |
| May 04, 2023 |
8-K filing: Creek Road, Inc. entered into an Amended and Restated Merger Agreement removing the reverse stock split, along with other agreements including a PIPE transaction, and will be renamed Prairie Operating Co. after the merger, expecting to commence trading on the OTCQB under the symbol "PROP" and consummate a reverse stock split of 1-28.57142857 after FINRA processes the company's pending request. ($0.17M proceeds) |
12M | 25M |
| Mar 31, 2023 |
10-K filing | 11.6M shares outstanding |
12M | 25M |
| Nov 14, 2022 |
10-Q filing | 12.7M shares outstanding |
13M | 24M |
| Oct 25, 2022 |
8-K filing: Creek Road, Inc. will merge with Prairie Operating Co., LLC, involving the issuance of common stock to Prairie members and a reverse stock split of Creek Road's common stock at a ratio between 1-23 and 1-30, as well as Creek Road issuing shares and warrants to Exok, Inc. for assets. |
12M | 25M |
| Sep 07, 2022 |
8-K filing: Creek Road Miners, Inc. entered into a Settlement Agreement with Alpha Capital Anstalt regarding a dispute over the partial exercise of warrants to purchase 600,000 shares of the Company's common stock, exchanging the Warrant Shares for a convertible promissory note in the principal amount of $900,000. ($0.9M proceeds) |
12M | 25M |
| Aug 15, 2022 |
10-Q filing | 12.2M shares outstanding |
12M | 25M |
| Jun 30, 2022 |
S-1/A filing: Creek Road Miners, Inc. is offering up to 12,721,659 shares of common stock by the selling shareholders named therein, consisting of: (i) 5,836,453 shares of Common Stock issuable upon the conversion of the Series C Preferred Stock, (ii) 3,501,872 shares of Common stock issuable upon the exercise of warrants at an exercise price of $1.50 per share, (iii) 2,716,667 shares of Common Stock issuable upon the exercise of certain other warrants and (iv) and 666,667 shares of Common Stock, in each case held by the Selling Shareholders. |
12M | 25M |
| Jun 29, 2022 |
S-1/A filing: Registration statement on Form S-1 relating to the offering of up to 12,721,659 shares of common stock by the selling shareholders. |
12M | 24M |
| Jun 16, 2022 |
S-1/A filing: This S-1/A filing relates to the resale of up to 12,721,659 shares of common stock by selling stockholders. |
12M | 25M |
| May 16, 2022 |
10-Q filing | 12.2M shares outstanding |
12M | 25M |
| May 03, 2022 |
S-1/A filing: This S-1/A filing relates to the resale of up to 12,721,659 shares of common stock by selling stockholders, including shares issuable upon conversion of Series C Preferred Stock and exercise of warrants. |
12M | 25M |
| May 03, 2022 |
8-K filing: An investor converted 500 shares of Series B Preferred Stock into 372,928 shares of Common Stock on April 4, 2022, and an additional 440 shares of Series B Preferred Stock into 380,769 shares of Common Stock on April 20, 2022. |
10M | 27M |
| Mar 31, 2022 |
10-K filing | 10.4M shares outstanding |
10M | 24M |
| Mar 11, 2022 |
S-1/A filing: This S-1/A filing relates to the resale of up to 10,387,078 shares of common stock by selling stockholders. |
10M | 24M |
| Jan 24, 2022 |
S-1 filing: This S-1 filing relates to the resale of up to 10,387,078 shares of common stock by selling stockholders. |
8.8M | 26M |
| Dec 10, 2021 |
8-K filing: Creek Road Miners, Inc. entered into securities purchase agreements with 20 investors for the sale of securities, including Series C Preferred Stock and warrants, for gross proceeds of $6,200,000.00. ($6.2M proceeds) |
6.5M | 18M |
| Nov 15, 2021 |
10-Q filing | 6.5M shares outstanding |
6.5M | 18M |
| Oct 08, 2021 |
8-K filing: Creek Road Miners, Inc. sold 500,000 shares of common stock and warrants to acquire 500,000 shares at $1.50 per share for $750,000 in cash. ($1.5M proceeds) |
6.2M | 18M |
| Sep 30, 2021 |
S-1/A filing: This S-1/A filing relates to the resale from time to time by the selling stockholders of the Company of up to 19,733,346 shares of the Company's common stock. |
6.2M | 18M |
| Sep 22, 2021 |
S-1 filing: This S-1 filing relates to the resale of up to 19,733,346 shares of common stock by selling stockholders. |
6.2M | 18M |
| Aug 31, 2021 |
8-K filing: Creek Road Miners, Inc. sold 2,333,340 shares of common stock and warrants to purchase 2,333,340 shares at $1.50 per share to 14 investors for $3,500,009.50 in cash, to be used for working capital. ($3.5M proceeds) |
3.6M | 890K |
| Aug 13, 2021 |
10-Q filing | 3.6M shares outstanding |
3.6M | 890K |
| Jul 26, 2021 |
S-1/A filing: Resale of up to an aggregate of 1,000,000 shares of common stock, issuable upon conversion of Series B Preferred Stock. |
3.5M | 1M |
| Jun 10, 2021 |
S-1/A filing: S-1/A filing for Wizard Brands, Inc. relating to the resale of up to 16,200,000 shares of common stock by selling stockholders. |
3.5M | 16M |
| May 19, 2021 |
S-1/A filing: This S-1/A filing relates to the resale of up to 16,200,000 shares of common stock by selling stockholders, consisting of shares issuable upon conversion of Series B Preferred Stock and shares issuable upon exercise of warrants. |
3.5M | 16M |
| May 17, 2021 |
10-Q filing | 3.5M shares outstanding |
3.5M | 16M |
| Apr 21, 2021 |
S-1 filing: S-1 filing for Wizard Brands, Inc. relating to the resale of up to 16,200,000 shares of common stock by selling stockholders. |
3.5M | 16M |
| Apr 02, 2021 |
8-K filing: The Registrant sold 5,000 shares of Series B Preferred Stock and warrants to purchase 10,000 shares of Series B Preferred Stock to Leviston Resources LLC for $5,000,000, and filed a Certificate of Designation for the Series B Preferred Stock. ($5.0M proceeds) |
3.5M | 0 |
| Mar 29, 2021 |
10-K filing | 3.5M shares outstanding |
3.5M | 0 |
| Mar 03, 2021 |
8-K filing: The company issued Series A Preferred Stock to Mr. Maatta, Bristol Capital, LLC, Mr. Kaufman, and Ms. Bowman in satisfaction of debts and compensation, and warrants to advisors and consultants. ($0.43M proceeds) |
3.5M | 0 |
| Nov 16, 2020 |
10-Q filing | 3.5M shares outstanding |
3.5M | 0 |
| Aug 14, 2020 |
10-Q filing | 3.5M shares outstanding |
3.5M | 0 |
| Mar 30, 2020 |
10-K filing | 3.5M shares outstanding |
3.5M | 0 |