Dividends & Buybacks ·
On August 7, 2026, Battalion Oil Corp entered into a Preferred Stock Repurchase and Conversion Agreement with Gen IV…
BATLBattalion Oil Corp
On August 7, 2026, Battalion Oil Corp entered into a Preferred Stock Repurchase and Conversion Agreement with Gen IV Investment Opportunities, LLC. The company agreed to repurchase 5,138 shares of Series A Preferred Stock and 6,578.11 shares of Series A-1 Preferred Stock for an aggregate purchase price of $19,000,000. Concurrently, Gen IV elected to convert 1,231.89 shares of Series A-1, 6,630 shares of Series A-2, and 7,578 shares of Series A-3 and A-4 Preferred Stock into an aggregate of 3,494,258 shares of common stock. Following these transactions, Gen IV holds no preferred stock, which will be retired and cancelled. The parties also executed a Voting and Lock-Up Agreement requiring Gen IV to vote in line with board recommendations for twelve months. Battalion Oil Corp operates in the oil and gas exploration and production industry.