Battalion Oil amends merger agreement with Fury; extends termination date to June 12, 2024

BATTALION OIL CORP

Released $9,999,999.99 from escrow to Battalion; amount is non-refundable.
Fury's subsequent escrow deposit increased from $10M to $15M due by Feb 5, 2024.
Termination deadline extended from April 12 to June 12, 2024.
Closing Failure Fee definition updated to include Subsequent Deposit Amount after Feb 5.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

BATTALION OIL CORP amended Amendment to the Agreement and Plan of Merger, dated as of December 14, 2023 with Fury Resources, Inc. valued at $9,999,999.99 released to Company; Subsequent Deposit Amount increased from $10,000,000 to $15,000,0 (effective 2024-01-24).

Action: amendment
Agreement: merger
Counterparty: Fury Resources, Inc.
Value: $9,999,999.99 released to Company; Subsequent Deposit Amount increased from $10,000,000 to $15,000,0
Effective: 2024-01-24

Exact text from the filing

On January 24, 2024, Battalion Oil Corporation (the “ Company ” or “ we ”), 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, entered into an Amendment (the “ Amendment ”) to the Agreement and Plan of Merger, dated as of December 14, 2023 (the “ Merger Agreement ”), by and among the Company, Parent and Merger Sub.

View on SEC.gov

Browse all material agreements →

BATTALION OIL CORP filing history →

Source: SEC EDGAR

accession 0001558370-24-000455

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.