Core Points - Battalion Oil Corporation has received confirmation from NYSE American regarding the acceptance of its compliance plan to regain listing standards, with a plan period extending until November 30, 2026 [1][2] - The company was previously notified of noncompliance with NYSE American listing standards and submitted a detailed plan in response, which was accepted on August 19, 2025 [2] - NYSE American staff will monitor the company's progress during the plan period, and failure to comply may lead to delisting procedures [3] Management Comments - The CEO of Battalion Oil Corporation expressed appreciation for the acceptance of the compliance plan and emphasized the company's commitment to restoring compliance and strengthening operations and financial position [4] - The management remains confident in the long-term strategy and aims to deliver value to shareholders, although there is no assurance of success within the plan period [4]

Core Points - The BVI government has implemented new regulations effective January 2, 2025, aimed at enhancing transparency and compliance in the international financial center [1] - Companies are required to maintain detailed records of their shareholder registers and beneficial ownership information to combat money laundering and tax evasion [1] Group 1: Shareholder Register Requirements - Companies existing before January 2, 2025, must submit their shareholder register by June 30, 2025 [3] - New BVI companies must submit their shareholder register within 30 days of registration, and any changes in shareholder information must be updated within 30 days [3] - Exemptions from the shareholder register requirement apply to companies listed on recognized stock exchanges, certain investment funds, and incubator or approved funds [4][5] Group 2: Beneficial Ownership Information - Companies must submit beneficial ownership information to the registry, with the same deadlines as the shareholder register [6][7] - The definition of a beneficial owner includes individuals who own or control 10% or more of the shares or voting rights of a company [8] - Exemptions for beneficial ownership information submission are similar to those for the shareholder register, including companies listed on recognized exchanges and certain fund types [10] Group 3: Penalties for Non-Compliance - Companies that fail to submit the required shareholder register and beneficial ownership information by the deadlines will face fines starting at $600 for the first three months, increasing to $800 for the next three months, and potential deregistration thereafter [11]