Prairie Operating Co Secures $24M from Watermill Capital, Simplifies Capital Structure
Portfolio Pulse from Benzinga Newsdesk
Prairie Operating Co. (NASDAQ:PROP) has secured $24 million from Watermill Capital Partners through the exercise of Series E B Warrants, simplifying its capital structure and enhancing its position for long-term growth.
August 19, 2024 | 11:37 am
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Prairie Operating Co. (NASDAQ:PROP) received $24 million from Watermill Capital Partners through the exercise of Series E B Warrants. This move simplifies the company's capital structure and positions it for long-term growth.
The $24 million capital infusion and the simplification of the capital structure are positive developments for Prairie Operating Co. This financial support and structural clarity are likely to boost investor confidence and support the company's growth strategy.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100