secwatch.observer — SEC 8-K summary
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Issuer:     BATTALION OIL CORP (BATL)
CIK:        0001282648
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001558370-24-008025
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 5.03, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282648/000155837024008025/0001558370-24-008025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282648/000155837024008025/batl-20240513x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-008025

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer