Battalion Oil Corp. Reports Unregistered Equity Sales
Ticker: BATL · Form: 8-K · Filed: Mar 31, 2026 · CIK: 0001282648
Sentiment: neutral
Topics: unregistered-sales, equity-securities
TL;DR
Battalion Oil sold unregistered stock on 3/30/26, details TBD.
AI Summary
On March 30, 2026, Battalion Oil Corp. reported the unregistered sale of equity securities. The filing does not specify the number of shares sold or the price per share, but it indicates that these securities were issued in connection with a transaction that closed on March 30, 2026.
Why It Matters
This filing indicates potential dilution for existing shareholders if a significant number of shares were issued. Investors should monitor future filings for details on the number of shares and their impact on earnings per share.
Risk Assessment
Risk Level: medium — Unregistered sales can sometimes signal a need for capital or be part of a private transaction, the details of which are not fully disclosed in this initial filing.
Key Players & Entities
- Battalion Oil Corp. (company) — Filer of the 8-K report
- March 30, 2026 (date) — Date of the reported transaction and period of report
FAQ
What type of equity securities were sold?
The filing states 'equity securities' but does not specify the exact type (e.g., common stock, preferred stock, warrants).
How many shares were sold?
The filing does not disclose the number of shares sold.
At what price were the securities sold?
The filing does not provide the price per share for the unregistered equity securities.
What was the purpose of the unregistered sale of equity securities?
The filing does not explicitly state the purpose of the unregistered sale, only that it was in connection with a transaction that closed on March 30, 2026.
Were these securities sold to existing shareholders or new investors?
The filing does not specify whether the unregistered equity securities were sold to existing shareholders or new investors.
Filing Stats: 649 words · 3 min read · ~2 pages · Grade level 14.2 · Accepted 2026-03-31 06:27:36
Key Financial Figures
- $0.0001 B — ich registered Common Stock par value $0.0001 BATL NYSE American Indicate by check
- $0.0001 — 0 shares of its common stock, par value $0.0001 per share (the "Common Stock "), to Lum
- $6.21 — ended), and using a conversion price of $6.21 per share. As previously disclosed, th
Filing Documents
- batl-20260330x8k.htm (8-K) — 35KB
- 0001104659-26-037301.txt ( ) — 152KB
- batl-20260330.xsd (EX-101.SCH) — 3KB
- batl-20260330_def.xml (EX-101.DEF) — 3KB
- batl-20260330_lab.xml (EX-101.LAB) — 17KB
- batl-20260330_pre.xml (EX-101.PRE) — 11KB
- batl-20260330x8k_htm.xml (XML) — 5KB
02
Item 3.02 Unregistered Sale of Equity Securities. On March 30, 2026, Battalion Oil Corporation (the " Company ") issued 1,800,000 shares of its common stock, par value $0.0001 per share (the "Common Stock "), to Luminus Energy Partners Master Fund, Ltd. (" Luminus ") upon the conversion of 7,803 shares of the Company's Series A-2 Redeemable Convertible Preferred Stock, par value $0.0001 per share (the " Series A-2 Preferred Stock "). The conversion was calculated in accordance with the terms of the Series A-2 Preferred Stock, including adjustments provided in respect of any Unpaid Dividend Accrual (as defined in the Company's Certificate of Incorporation, as amended), and using a conversion price of $6.21 per share. As previously disclosed, the Series A-2 Preferred Stock was issued, pursuant to that certain Purchase Agreement (the " Series A-2 Purchase Agreement ") entered into on December 15, 2023, by and among the Company and each of the purchasers set forth on Schedule A thereto (the " Series A-2 Purchasers " and the purchase and sale of such shares of Series A-2 Preferred Stock, the " Series A-2 Preferred Stock Transaction "). The Series A-2 Purchasers, including Luminus, and/or their respective affiliates, consisted of our largest three (3) shareholders whose appointed representatives made up fifty percent (50%) of our board of directors. The Series A-2 Preferred Stock Transaction, including the Common Stock issuable upon the conversion of the Series A-2 Preferred Stock, was approved by our board of directors upon recommendation by a special committee of disinterested directors that was established to evaluate the proposed terms of the Series A-2 Preferred Stock Transaction. Issuance of the Common Stock was undertaken in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) thereof. 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the regis