Business

Battalion Oil Corporation to raise approximately $15 million

Houston, Texas, March 03, 2026 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (“Battalion” or the “Company”) (NYSE American: BATL) today announced that it has entered into a definitive agreement to raising approximately $15 million at a price of $5.50 per share of common stock and or common stock equivalents in lieu thereof in the form of a prefunded warrant with a new fundamental institutional investor. Roth Capital Partners served as sole placement agent. After the placement agent fees and esti

articleBattalion Oil CorporationMarch 3, 20263/company/battalion-oil-corporation/news/battalion-oil-corporation-to-raise-approximately-dollar15-million
Battalion Oil Corporation to raise approximately $15 million

About this update from Battalion Oil Corporation

[{"type":"image","alt":"Battalion Oil Corporation","displaySize":"","headline":null,"caption":"Battalion Oil Corporation","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":51,"url":"https://media.zenfs.com/en/globenewswire.com/3b3039eba573b5af9c004bb0dd4e2ad3"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/kVQ0kZQsf2y8hQSMcyTZ1g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTcxO2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/3b3039eba573b5af9c004bb0dd4e2ad3","width":300,"height":51}},"lazy":false},{"type":"text","content":"Houston, Texas, March 03, 2026 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (“Battalion” or the “Company”) (NYSE American: BATL) today announced that it has entered into a definitive agreement to raising approximately $15 million at a price of $5.50 per share of common stock and or common stock equivalents in lieu thereof in the form of a prefunded warrant with a new fundamental institutional investor.","length":406,"tagName":"p"},{"type":"text","content":"Roth Capital Partners served as sole placement agent. After the placement agent fees and estimated offering expenses payable by the Company, Battalion expects to receive net proceeds of approximately $14.1 million. The offering is expected to close on March 4, 2026, subject to customary closing conditions.","length":307,"tagName":"p"},{"type":"text","content":"Battalion Oil Corporation intends to use the net proceeds from the offering for working capital and general corporate purposes.","length":127,"tagName":"p"},{"type":"text","content":"The securities offered in the private placement have not been registered under the Securities Act of 1933, as amended or applicable under state securities laws. Accordingly, the securities may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.  As part of the transaction, 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 for purposes of registering the resale of the shares of common stock and warrants issued in the private placement.","length":716,"tagName":"p"},{"type":"text","content":"This notice is issued pursuant to Rule 135c under ...

More updates from Battalion Oil Corporation

Securities and Exchange Commissionregistration statementSecurities Act of 1933net proceedscommon stockBattalionsecurities lawsplacement agentRoth Capital Partners