Nasdaq Sends Delisting Notice to Prairie Operating Co. After Stock Slips Below $1.00
PROP sits 36% above its 52-week low of $0.58 on light trading volume (0.2× avg).
Summary
On July 2, 2026, Prairie Operating Co. received a Nasdaq delisting notice after its stock closed below $1.00 for 30 consecutive business days. The company has until December 29, 2026, to regain compliance or face delisting.
Key Events · Legal and Risk Events · PROP
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Nasdaq Delisting Notice Received
On July 2, 2026, Prairie Operating Co. received a Minimum Bid Price Notice from Nasdaq because its common stock closed below $1.00 for 30 consecutive business days.
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180-Day Compliance Period
The company has until December 29, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 for ten consecutive business days.
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Potential for Additional 180-Day Extension
If initial compliance is not achieved, Prairie may qualify for a second 180-day period, provided it meets all other Nasdaq Capital Market listing standards and notifies Nasdaq of its intent to cure.
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Immediate Delisting Risk Below $0.10
If the stock trades at or below $0.10 for ten consecutive trading days, Nasdaq will immediately issue a delisting determination and suspend trading, with no compliance period available.
Analysis · PROP · Energy & Transportation
Nasdaq has formally notified Prairie Operating Co. that its stock price has fallen below the $1.00 minimum bid requirement for 30 consecutive business days. The company now has 180 days, until December 29, 2026, to regain compliance by trading at or above $1.00 for at least ten consecutive business days. Failure to do so could lead to delisting, though an additional 180-day extension is possible if certain conditions are met. However, if the stock trades at or below $0.10 for ten consecutive days, Nasdaq will immediately suspend trading and begin delisting proceedings. This notice arrives against a backdrop of recent financial distress, including a substantial Q1 net loss, a going-concern warning, and a recent credit facility reaffirmation that underscored liquidity concerns. The delisting risk adds significant uncertainty for shareholders and could further pressure the stock price.
At the time of this filing, PROP was trading at $0.79 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $78.5M. The 52-week trading range was $0.58 to $4.33. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.