Corporate ActionMay 5, 2026, 05:32 PM
Battalion Oil to Sell Up to $150M Common Stock via ATM Offering
AI Summary
Battalion Oil Corporation has entered into a Sales Agreement with Roth Capital Partners, LLC, allowing the company to issue and sell up to $150 million of common stock. The sales will be conducted from time to time as an "at the market offering," with Roth Capital Partners acting as agent or principal. The Agent will receive a commission of up to 3.00% of the gross proceeds, and the company has agreed to reimburse certain expenses.
Key Highlights
- Battalion Oil entered a Sales Agreement with Roth Capital Partners, LLC.
- Company may sell up to $150,000,000 of common stock.
- Sales will be conducted as an "at the market offering" through the Agent.
- Agent to receive a commission rate of up to 3.00% of gross proceeds.
- Company to reimburse agent for initial expenses up to $50,000 and quarterly expenses up to $8,000.
- Shares will be issued pursuant to an effective shelf registration statement on Form S-3.