Battalion Oil Corp Files 8-K Report

TL;DR

Battalion Oil filed a standard 8-K, no major news.

AI Summary

On November 26, 2024, Battalion Oil Corporation filed an 8-K report detailing an "Other Event." The filing does not contain specific financial figures or significant operational updates, but rather standard reporting information.

Why It Matters

This filing indicates routine corporate reporting activity for Battalion Oil Corp, without immediate material financial or operational implications for investors.

Risk Assessment

Risk Level: low — The filing is a routine 8-K report and does not contain information that suggests an immediate change in risk for the company.

Key Players & Entities

• Battalion Oil Corporation (company) — Registrant
• November 26, 2024 (date) — Date of Report
• Delaware (jurisdiction) — State of Incorporation
• 001-35467 (filing_id) — Commission File Number

FAQ

Key Financial Figures

• $0.0001 B — ich registered Common Stock par value $0.0001 BATL NYSE American Indicate by check

Filing Documents

• tm2428637d2_8k.htm (8-K) — 37KB
• 0001104659-24-123135.txt ( ) — 210KB
• batl-20241126.xsd (EX-101.SCH) — 3KB
• batl-20241126_lab.xml (EX-101.LAB) — 33KB
• batl-20241126_pre.xml (EX-101.PRE) — 22KB
• tm2428637d2_8k_htm.xml (XML) — 4KB

01 Other Events

Item 8.01 Other Events As disclosed in the Current Report on Form 8-K of Battalion Oil Corporation, a Delaware corporation (the " Company " or " we "), filed with the Securities and Exchange Commission (the " SEC ") on November 18, 2024, Fury Resources, Inc., a Delaware corporation (" Parent "), continues to arrange financing (the " Alternative Financing ") from alternative sources on terms not materially less beneficial, in the aggregate, to Parent in an amount sufficient to consummate the transactions contemplated by the Agreement and Plan of Merger, dated as of December 14, 2023 (as amended from time to time, the " Merger Agreement "), by and among the Company, Parent, and San Jacinto Merger Sub, Inc., a Delaware corporation and a direct, wholly owned subsidiary of Parent (" Merger Sub "). As of the date of this Current Report on Form 8-K, Parent has not arranged for definitive Alternative Financing sufficient to consummate the transactions contemplated by the Merger Agreement (the " Transactions "). In order to facilitate Parent's efforts to obtain such Alternative Financing, the Company has waived its right under the Merger Agreement to terminate the Merger Agreement if the Transactions are not consummated by 11:59 p.m. Central Time on November 29, 2024 (the " Company End Date Termination Right ") and may not exercise the Company End Date Termination Right until 11:59 p.m. Central Time on December 19, 2024. In respect of the foregoing, Parent has agreed to permit the Company to negotiate a potential refinancing of the Company's existing credit facility under that certain Amended and Restated Senior Secured Credit Agreement, dated as of November 24, 2021, by and among Halcn Holdings, LLC, Macquarie Bank Limited, as administrative agent, the lenders from time to time party thereto, the guarantors party thereto and the Company, as amended or supplemented from time to time, as amended from time to time, with Fortress Credit Corp. and Meritz Securities Co. Ltd.,

Forward-Looking Statements

Forward-Looking Statements All statements and assumptions in this communication that do not directly and exclusively relate to historical facts could be deemed "forward-looking statements." Forward-looking "expects," "may," "could," "should," "forecast," "goal," "intends," "objective," "plans," "projects," "strategy," "target" and "will" and similar words and terms or variations of such. These statements represent current intentions, expectations, beliefs or projections, and no assurance can be given that the results described in such statements will be achieved. Forward-looking statements include, among other things, statements about the potential benefits of the proposed transaction; the prospective performance and outlook of the Company's business, performance and opportunities; the ability of the parties to complete the proposed transaction and the expected timing of completion of the proposed transaction; as well as any assumptions underlying any of the foregoing. Such statements are subject to numerous assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those described in such statements, many of which are outside of the Company's control. Important factors that could cause actual results to differ materially from those described in forward-looking statements include, but are not limited to, (i) the risk that the proposed transaction may not be completed in a timely manner or at all; (ii) the failure to receive, on a timely basis or otherwise, the required approvals of the proposed transaction by the Company's stockholders; (iii) the possibility that any or all of the various conditions to the consummation of the proposed transaction may not be satisfied or waived, including the failure to receive any required regulatory approvals from any applicable governmental entities (or any conditions, limitations

View Full Filing

View this 8-K filing on SEC EDGAR