---
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"
generated_at: "2026-06-02T00:21:55.978814+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Battalion Oil raises $19.5M via Series A-4 Preferred Stock issuance to existing holders

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 5.03, 3.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-008025
- JSON: https://secwatch.observer/filing/0001558370-24-008025.json
- Plain text: https://secwatch.observer/filing/0001558370-24-008025.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain funds managed by Luminus Management, LLC, Oaktree Capital Management, LP, and LSP Investment Advisors, LLC
  - Value: approximately $19,500,000
  - Effective: 2024-05-13
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1282648/000155837024008025/0001558370-24-008025-index.htm

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