{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-008025","form_type":"8-K","ticker":"BATL","cik":"0001282648","company_name":"BATTALION OIL CORP","filed_at":"2024-05-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.704568+00:00","generated_at":"2026-06-02T00:21:55.978814+00:00","sec_items":["1.01","3.02","5.03","3.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Battalion Oil raises $19.5M via Series A-4 Preferred Stock issuance to existing holders","bullets":["Aggregate purchase price of ~$19.5M from funds managed by Luminus, Oaktree, and LSP Investment Advisors.","Series A-4 Preferred Stock carries a 14.5% annual dividend rate; unpaid dividends accrete at 16%.","Conversion price initially $6.42 per share; convertible into common stock after 120 days.","Proceeds to be used for general corporate and working capital, including debt payments.","Registration rights granted for common shares issuable upon conversion of the preferred."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-008025","json":"https://secwatch.observer/filing/0001558370-24-008025.json","markdown":"https://secwatch.observer/filing/0001558370-24-008025.md","text":"https://secwatch.observer/filing/0001558370-24-008025.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1282648/000155837024008025/0001558370-24-008025-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1282648/000155837024008025/batl-20240513x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T00:21:55.978814+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"41899d15cdd96f3a04572f1178d3d9b2969fc3cf","claim":"BATTALION OIL CORP entered into Series A-4 Purchase Agreement with certain funds managed by Luminus Management, LLC, Oaktree Capital Management, LP, and LSP Investment Advisors, LLC valued at approximately $19,500,000 (effective 2024-05-13).","evidence_excerpt":"On May 13, 2024, Battalion Oil Corporation, a Delaware corporation (the “ Company ” or “ we ”), entered into a Purchase Agreement (the “ Series A-4 Purchase Agreement ”) with each of the purchasers set forth on Schedule A thereto (the “ Series A-4 Purchasers ”), pursuant to which the Company agreed to sell to the Buyers, in a private placement, an aggregate of 20,000 shares of Series A-4 Redeemable Convertible Preferred Stock, par value $0.0001 per share (the “ Series A-4 Preferred Stock ” and the purchase and sale of such shares of Series A-4 Preferred Stock , the “ Series A-4 Preferred Stock Transaction ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1282648/000155837024008025/0001558370-24-008025-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"certain funds managed by Luminus Management, LLC, Oaktree Capital Management, LP, and LSP Investment Advisors, LLC"},{"label":"Value","value":"approximately $19,500,000"},{"label":"Effective","value":"2024-05-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}