Each one in plain English, with the numbers worked through for a shareholder.
18 Dec 2023agm notice● Neutral
Battalion agreed on 14 December 2023 to be acquired by Fury Resources, with each common share converted into $9.80 in cash. Closing depends on conditions including stockholder approval and Fury's financing, and the deal can be terminated if not completed by 13 April 2024.
Battalion Oil filed its quarterly report for the period ended 30 September 2023, covering its oil and gas operations, hedging positions, term loan and preferred stock.
OCM HL CN Holdings, L.P, Oaktree Fund GP, LLC, Oaktree Fund GP I, L.P, Oaktree Capital I, L.P, OCM Holdings I, LLC, Oaktree Holdings, LLC, Oaktree Capital Group, LLC, Oaktree Capital Holdings GP, LLC, Brookfield Corporation, BAM Partners Trust reported a BATTALION OIL CORP shareholding of 6,041,148 shares (32.60% of votes) in a periodic institutional filing.
LUMINUS MANAGEMENT, LLC, LUMINUS ENERGY PARTNERS MASTER FUND, LTD, JONATHAN BARRETT reported a BATTALION OIL CORP shareholding of 10,346,293 shares (50.10% of votes) in a periodic institutional filing.
GEN IV INVESTMENT OPPORTUNITIES, LLC, LSP GENERATION IV, LLC, LSP INVESTMENT ADVISORS, LLC reported a BATTALION OIL CORP shareholding of 3,986,047 shares (22.10% of votes) in a periodic institutional filing.
Battalion sold 38,000 shares of new Series A-1 Redeemable Convertible Preferred Stock for about $37.05 million to funds managed by Luminus, Oaktree and LSP, its three largest shareholders, whose representatives make up half its board. It planned to use the proceeds for general corporate and working capital purposes, including scheduled debt payments.
OCM HLCN Holdings, L.P, Oaktree Fund GP, LLC, Oaktree Fund GP I, L.P, Oaktree Capital I, L.P, OCM Holdings I, LLC, Oaktree Holdings, LLC, Oaktree Capital Group, LLC, Oaktree Capital Group Holdings GP, LLC, Brookfield Corporation, BAM Partners Trust reported a BATTALION OIL CORP shareholding of 4,710,790 shares (27.40% of votes) in a periodic institutional filing.
GEN IV INVESTMENT OPPORTUNITIES, LLC, LSP GENERATION IV, LLC, LSP INVESTMENT ADVISORS, LLC reported a BATTALION OIL CORP shareholding of 2,938,761 shares (17.30% of votes) in a periodic institutional filing.
LUMINUS MANAGEMENT, LLC, LUMINUS ENERGY PARTNERS MASTER FUND, LTD, JONATHAN BARRETT reported a BATTALION OIL CORP shareholding of 7,628,303 shares (42.60% of votes) in a periodic institutional filing.