Battalion extends deadline for Fury Resources' $200M equity financing condition

BATTALION OIL CORP

Parent Fury failed to deliver required equity financing documents by April 26 deadline.
Parent provided $160M in equity commitments as of May 3; need $200M total.
Board and special committee chose not to exercise termination right, allowing more time.
Company reserves all rights under Merger Agreement and applicable law.
Initial $10M deposit from equity financing was released to Battalion in January 2024.

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