Prairie Operating Co. Announces Public Offering of Common Stock

Core Viewpoint - Prairie Operating Co. has initiated a public offering of $200 million in common stock to finance the acquisition of oil and gas assets from Bayswater Exploration and Production [1][2] Group 1: Offering Details - The company is offering$200 million in shares of its common stock, with an option for underwriters to purchase an additional $30 million worth of shares [1] - Citigroup is the lead book-running manager for the offering, with several other firms acting as joint book-running managers and co-managers [3] Group 2: Use of Proceeds - The net proceeds from the offering will primarily fund the purchase price for the Bayswater Acquisition, with remaining funds allocated for general corporate purposes, including development programs and debt repayment [2] Group 3: Company Overview - Prairie Operating Co. is an independent oil and gas company focused on acquiring and developing crude oil, natural gas, and natural gas liquids, primarily in the Denver-Julesburg Basin [6]