Battalion Oil issues 1.8 million shares to Luminus on preferred conversion

Reuters04-01

<a href="https://laohu8.com/S/BATL">Battalion Oil</a> issues 1.8 million shares to Luminus on preferred conversion

Battalion Oil issued 1.8 million common shares to Luminus Energy Partners Master Fund on March 30, 2026.
Shares were issued on conversion of 7,803 Series A-2 redeemable convertible preferred shares at a $6.21 conversion price.
Transaction used Section 4(a)(2) exemption from Securities Act registration requirements.
Series A-2 preferred stock was originally issued under a purchase agreement dated Dec. 15, 2023.
Luminus was among three largest shareholders whose representatives held 50% of board seats at time of Series A-2 transaction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Battalion Oil Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-037301), on March 31, 2026, and is solely responsible for the information contained therein.

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