06:46 AM EST, 02/07/2025 (MT Newswires) -- Prairie Operating Co ( PROP ) said Friday that it has launched an underwritten public offering of its common stock for $200 million.

The company also expects to grant the underwriters a 30-day option to buy up to $30 million of additional common shares.

The company said it plans to use the net proceeds to fund a portion of its proposed acquisition of certain oil and gas assets from Bayswater Exploration and Production, and the remainder for other general corporate purposes.