Battalion Oil says acquirer Fury Resources fails to meet merger funding deadline, seeks alternative financing

BATTALION OIL CORP

Fury Resources failed to deliver $160M Evidence of Funding by Nov 14; seeks alternative financing.
Special meeting of stockholders adjourned from Nov 19 to Nov 29, 2024, for alternative financing.
Company may terminate merger if not consummated by Nov 29, 2024; board evaluating options.
Parent and investors negotiating amendment to rollover agreement to facilitate alternative financing.
Company has not terminated Merger Agreement; reserves all rights and remedies.

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