SCHEDULE: THRC Holdings Exits Major Stake in Prairie Operating Co.
Beneficial Ownership Change (Schedule 13G Amendment)
THRC Holdings, THRC Management, and Dan Wilks have filed an exit Schedule 13G, reporting their beneficial ownership in Prairie Operating Co. has fallen below 5%.
Summary
- THRC Holdings, LP, THRC Management, LLC, and Dan Wilks (collectively, the "Reporting Persons") have filed an Amendment to Schedule 13G for Prairie Operating Co.
- The filing indicates that as of May 13, 2025, the Reporting Persons ceased to be beneficial owners of more than 5% of Prairie Operating Co.'s common stock.
- This amendment serves as an "exit filing," signifying that the Reporting Persons are no longer required to report under Schedule 13G for this threshold.
- As of May 15, 2025, the Reporting Persons beneficially owned 1,827,040 shares of common stock, representing 4.2% of the class.
- The percentage was calculated based on 43,829,697 shares of common stock outstanding as of May 15, 2025, as reported in Prairie Operating Co.'s Quarterly Report on Form 10-Q.
- As of November 21, 2025, the Reporting Persons beneficially owned 1,598,257 shares of common stock.
- Dan Wilks is the managing member of THRC Management, LLC, which is the general partner of THRC Holdings, LP.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of a change in beneficial ownership, specifically an exit filing. It does not contain information that inherently suggests a positive or negative sentiment about the company's operations or future prospects, thus it is neutral.
Future Outlook
NA
Industry Context
This filing is a routine regulatory disclosure of a change in beneficial ownership, indicating a significant investor has reduced their stake below the 5% reporting threshold. Such changes can sometimes signal shifts in investor sentiment or portfolio rebalancing, but without further context, it's a factual reporting of a past event.
Stakeholder Impact
- Shareholders: The reduction in a significant investor's stake could be interpreted by the market as a change in confidence, potentially influencing trading behavior and share price. However, the filing itself does not provide a reason for the reduction.
Key Dates
| Date | Description |
|---|---|
| 10/07/2024 | Date of the Joint Filing Agreement by and between the Reporting Persons. |
| 10/08/2024 | Date of the original Schedule 13G filing by the Reporting Persons. |
| 05/13/2025 | Date of the event which required this filing; Reporting Persons ceased to beneficially own more than 5% of Prairie Operating Co. common stock. |
| 05/15/2025 | Date when THRC Holdings, LP owned 1,827,040 shares, representing 4.2% of the class, based on 43,829,697 shares outstanding. |
| 11/21/2025 | Date of this Amendment to Schedule 13G filing. As of this date, Reporting Persons beneficially owned 1,598,257 shares of common stock. |
Keywords
Prairie Operating Co., THRC Holdings, THRC Management, Dan Wilks, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Exit Filing, Ownership Change
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