---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-019851"
form_type: "8-K"
ticker: "BATL"
cik: "0001282648"
company_name: "BATTALION OIL CORP"
filed_at: "2023-12-18T23:59:59+00:00"
generated_at: "2026-06-07T11:12:50.124860+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Battalion Oil to be acquired by Fury Resources for $9.80 per share in cash

## Summary
- Merger consideration of $9.80/share in cash for common stock; preferred stock receives separate per-series amounts.
- Transaction requires stockholder approval; holders of ~61.6% voting power (Rollover Sellers) agreed to vote in favor.
- Parent must provide $200M+ cash funding evidence by Feb 28, 2024; escrow of $20M for closing failure fee.
- Termination fees: Company pays up to $8M; Parent pays $10M-$20M depending on timing of breach.
- Related transactions: Series A-2 Preferred Stock issuance, amendments to Series A-1 Preferred Stock terms.

## SEC filing metadata
- accession: 0001558370-23-019851
- form_type: 8-K
- ticker: BATL
- cik: 0001282648
- company_name: BATTALION OIL CORP
- filed_at: 2023-12-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 5.03, 3.02, 3.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1282648/000155837023019851/0001558370-23-019851-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1282648/000155837023019851/batl-20231214x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-019851
- JSON: https://secwatch.observer/filing/0001558370-23-019851.json
- Plain text: https://secwatch.observer/filing/0001558370-23-019851.txt

## Key facts
- Governance Changes
  BATTALION OIL CORP: Battalion Oil Corp filed a certificate of amendment to the Series A-1 Preferred Stock Certificate of Designations, modifying conversion and redemption periods and change of control provisions for the Series A-1 Preferred Stock (effective 2023-12-15).
  - Change: charter amendment
  - Effective: 2023-12-15
  source text: On December 15, 2023, the Company filed a certificate of amendment to the Certificate of Designations of Series A- 1 Redeemable Convertible Preferred Stock (the “ Series A-1 CoD ”) with the Delaware Secretary of State (such amendment, the “ Series A-1 CoD Amendment ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1282648/000155837023019851/0001558370-23-019851-index.htm
- Material Agreements
  BATTALION OIL CORP entered into Agreement and Plan of Merger with Fury Resources, Inc. valued at $9.80 per share cash merger consideration (effective 2023-12-14).
  - Action: entry
  - Agreement: merger
  - Counterparty: Fury Resources, Inc.
  - Value: $9.80 per share cash merger consideration
  - Effective: 2023-12-14
  source text: On December 14, 2023, Battalion Oil Corporation (the “ Company ” or “ we ”) entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with Fury Resources, Inc., a Delaware corporation (“ Parent ”), and San Jacinto Merger Sub, Inc. (“ Merger Sub ”), a Delaware corporation and a direct, wholly owned subsidiary of Parent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1282648/000155837023019851/0001558370-23-019851-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.