other material
confidence high
sentiment neutral
materiality 0.60
Battalion Oil repurchases $19M preferred, converts rest to 3.49M common shares
BATTALION OIL CORP
- Repurchased 5,138 Series A and 6,578.11 Series A-1 preferred shares for $19M total.
- Converted 1,231.89 Series A-1, 6,630 Series A-2, 3,789 Series A-3, 3,789 Series A-4 into 3,494,258 common shares.
- After closing, Gen IV holds no preferred stock; repurchased shares retired and cancelled.
- Gen IV entered 12-month voting and lock-up agreement with Battalion.