Battalion Oil issues 3,494,258 unregistered common shares in preferred conversion deal
BATL•Preferred conversion and repurchase agreement with Gen IV
Battalion Oil entered a preferred stock repurchase and conversion deal with Gen IV on Aug. 7, 2026.
Gen IV converted preferred shares into 3,494,258 common shares in an unregistered issuance under Section 4(a)(2).
The company agreed to repurchase other preferred shares from Gen IV for an aggregate purchase price of $19 million.
Gen IV exited its preferred stock position; repurchased preferred shares will be retired and cancelled.
