Battalion Oil (NYSE American: BATL) announced it entered into a definitive agreement to raise approximately $15 million through a private placement priced at $5.50 per share, including prefunded warrants, with a new institutional investor. The company expects net proceeds of about $14.1 million, with Roth Capital Partners acting as sole placement agent, and plans to use the funds for working capital and general corporate purposes, with closing anticipated on March 4, 2026, subject to customary conditions.
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About Battalion Oil Corporation
Battalion Oil Corporation is an independent energy company engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties in the United States.
For more information on the company, visit https://battalionoil.com/
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