Battalion Oil Corporation issued 1.8 million common shares on March 30, 2026 through conversion of its Series A-2 redeemable convertible preferred stock.
Key takeaways
1.8 million common shares issued at a conversion price of $6.21 per share.
Conversion applied to 7,803 Series A-2 preferred shares held by Luminus Energy Partners.
Issuance qualifies for registration exemption under Securities Act Section 4(a)(2).
Original Series A-2 preferred transaction was approved by independent board committee.