Battalion Oil extends merger termination date to Dec 31, 2024; Fury proposes $7.00/share

BATTALION OIL CORP

Sixth Amendment extends merger termination date from Sept 12, 2024 to Dec 31, 2024.
Parent Fury Resources proposes reducing per-share consideration from $9.80 to $7.00.
Proposal contingent on Preferred Stockholders rolling 100% of preferred stock into new equity.
Board and Special Committee continue reviewing Fury's proposal; preferred stockholders agree in principle on rollover.
Merger Agreement termination right extended; all other terms unchanged.

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