Battalion Oil Corporation to raise approximately $15 million

Core Viewpoint - Battalion Oil Corporation has announced a definitive agreement to raise approximately $15 million through a private placement of common stock and/or common stock equivalents at a price of $5.50 per share [1] Group 1: Financial Details - The company expects to receive net proceeds of approximately $14.1 million after accounting for placement agent fees and estimated offering expenses [2] - The offering is anticipated to close on March 4, 2026, subject to customary closing conditions [2] Group 2: Use of Proceeds - Battalion Oil Corporation intends to utilize the net proceeds from the offering for working capital and general corporate purposes [2] Group 3: Regulatory Information - The securities offered in the private placement have not been registered under the Securities Act of 1933, and may not be sold in the United States without an effective registration statement or applicable exemption [3] - The company has agreed to file a resale registration statement on Form S-3 with the Securities and Exchange Commission within 20 days of the closing [3] Group 4: Company Overview - Battalion Oil Corporation is an independent energy company engaged in the acquisition, production, exploration, and development of onshore oil and natural gas properties in the United States [6]