Prairie Operating (PROP) filed a registration statement late Tuesday for the potential sale of up to $500 million of securities from time to time in one or more offerings.

The filing covers common and preferred stock, warrants, rights, and units.

The company said it plans to use the net proceeds for general corporate purposes, which might include investments in subsidiaries, existing or future projects, drilling and development programs, funding acquisitions, working capital, capital expenditures, and debt repayment.

The company said it will not receive any proceeds from the sale of securities by the selling securityholders.